Germany multinational energy company E.ON has launched a €250 million investment fund dedicated to digital technologies and business models.

E.ON has unveiled the fund through its new Future Energy Ventures, a venture capital investment platform investing in digital and digitally enabled technologies that have the potential to redefine the future energy landscape.

The launch of Future Energy Ventures follows the completion of E.ON’s acquisition of innogy and brings together an enviable level of expertise and experience in investing and scaling future energy-focused start-ups from across the E.ON and innogy venturing teams to create an industry-leading venturing platform.

The fund focuses on digital, scalable and asset-light businesses transforming the energy ecosystem that are seeking Series A and beyond funding that have shown evidence of a product-market-fit.

Future Energy Ventures will operate from Germany, Israel and Silicon Valley hubs to support global startups.

Jan Lozek, managing partner at Future Energy Systems, said: “The entire energy ecosystem is being transformed by technology at an ever-accelerating pace creating significant investment opportunities.

“Not only is the traditional energy supply chain moving towards smart generation and storage, but individuals, buildings and entire cities are becoming smarter and more connected, fundamentally redefining the role of energy in society. We are committed to accelerating the energy transformation by investing in and supporting the growth of the innovative businesses and business models that will help create and shape that future.”

Ines Bergmann-Nolting, managing partner at Future Energy Systems, adds: “Businesses need more than just money to succeed. They need collaboration, mentoring and the opportunity to partner with other organisations that can help them achieve scale. We seek to actively create value by bringing together dynamic and innovative start-ups, E.ON and affiliated businesses, and a growing set of partners and to create meaningful impact for mutual financial and strategic benefit. Use-case potential forms a key part of our investment decision-making and we aim to facilitate and support pilots and use case rollouts within E.ON and across our ecosystem of partners for systematic scaling across the portfolio.”