Taking too long? Close loading screen.
Connect with us

Tech

German energy company E.ON forms EUR250 million venture fund focused on smart grid tech

Published

on

The German energy company E.ON, which counts over 50 million commercial, residential, and industrial customers, has created a new EUR250 million ($265 million) investment fund called Future Energy Ventures to invest in “asset-light” tech startups.

As utilities move to decarbonize their sources of energy generation they’re coming to the realization that they will need exposure to a range of technology companies that can orchestrate, integrate, and manage power that’s coming from increasingly distributed sources. It’s a shift away from a century’s worth of energy infrastructure that relied on large coal and natural gas plants for generating the electricity that powered homes and businesses. And it’s a change that requires exposure to a range of new technologies being developed by early stage companies, according to E.ON executives.

At E.ON, the new fund will be led by Ines Bergmann-Nolting and Jan Lozek, two longtime company executives who have been investing off the company’s balance sheet into early stage businesses already. In fact, the fund launches with five companies already in its portfolio — Bidgely, Holobuilder, Intertrust, Thermondo and T-Rex.

The move to create a formal venture fund rather than just investing ad hoc off of the company’s balance sheet means that E.ON can ideally create a consortium of large investment partners that will be able to roll out and commercialize the technologies being developed by the companies in the portfolio, Lozek said.

We will need more capital and more partners to invest in the best companies globally. That’s why we made our structure to potentially embed other partners,” Lozek said. 

The company sees a breakdown between the networks that startups need and the traditional model of venture capital, Lozek said. Large industrial partners like E.ON can provide not just investment, but access to a whole range of commercial and industrial customers and the regulators whose support startups need to bring new technologies to market.

“Businesses need more than just money to succeed,” said Bergmann-Nolting, managing partner at Future Energy Ventures, in a statement. “They need collaboration, mentoring and the opportunity to partner with other organizations 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 roll-outs within E.ON and across our ecosystem of partners for systematic scaling across the portfolio.”

Future Energy Ventures will look to lead deals and will take as much as a 10% equity stake in the companies it backs, according to Lozek. The firm will focus its investment activity on Europe, the U.S. (primarily Silicon Valley) and Israel and will look to back asset-light companies developing technologies in three areas.

Lozek defines these areas as “future energy”, or the interconnected system that will sit on top of existing energy infrastructure; cloud cities, the integration of that energy infrastructure into urban environments; and finally frontier technologies, which could include new machine learning models, or new cybersecurity technologies to protect increasingly digital assets.

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

The 10 Best Deals of October 29, 2020

Published

on

Gif: Juliana Clark

Best Deals of the DayBest Deals of the DayThe best deals from around the web, updated daily.

Thursday’s Best Deals | Kinja Deals

It’s October 29, and we at Kinja Deals are here to bring you the top 10 deals of the day. Protect your data by purchasing a plan from NordVPN. Snag that 55″ Smart TV you’ve been saving up for from TCL. Get started on those DIY home repairs with the RYOBI One+ 3-Tool Combo Kit.

Advertisement

And if you’re still looking for more savings, take a look at Thursday’s best deals overall.

Advertisement

In his roundup of the best VPNs at Gizmodo, Andrew Couts called NordVPN “fast and easy to use,” citing accessibility and affordability as reasons to subscribe. Though it’s almost always marked down from its $287 list price, the 2-year plan is nonetheless the cheapest option to get started with the service and continue using it long-term. For a limited time only, though, it’s not only 68% off, bringing your total to just $89 for 730 days, but it also comes with an extra plan on top of that—chosen at random by the Nordic gods. Couts says in his abbreviated review:

No matter what you pay, you’ll get access to more than 5,400 servers in more than 60 countries, a bunch of features you may or may not want, and, because the company is based in Panama, assurances that your data—or lack of data, as the case may be—is outside of U.S. and European jurisdictions. Like every other VPN on this list, NordVPN claims to have a “strict no-logs policy,” so most of your data isn’t collected, the company says. It does still collect your email address, payment information, and the timestamp of the last time you launched the VPN.

But NordVPN isn’t without its downsized. “…some researchers have found that it sends your email address and Google Ad ID to a marketing company when you register through the Android app and contains some trackers,” Couts explains. “Another downside is that some of NordVPN’s servers are rented, which means another company you need to trust is in the mix. And yes, one of those servers got hacked in 2018.”

Still, if you want the one of the most reliable VPN clients, with the budget to support its robust infrastructure, you can’t go wrong with NordVPN. Plus, with availability on virtually every platform you can think of—from macOS to Android TV—it’s equal parts ubiquitous and acclaimed. Endorsed by PCMag, Wired, CNET, Business Insider, and more, it may be time to board the Nord hype train if you’re somehow unwedded to a VPN already.

Advertisement

This deal was originally published by Gabe Carey.

Advertisement

Best Buy has an insane deal going for a brand new 55″ 4K TCL smart TV. It’s the S434, which is pretty baseline for TCL’s lineup, but at just $200, there’s little to complain about. TCL’s panels are plenty sharp and accurate, and with this set, you’ll get HDR10 compliance for enhanced color and brightness in supported games and video content. This model has Android TV onboard for all your app needs, and with an included voice remote, all your favorite content is just a shout away with the help of Google Assistant.

Advertisement

This deal was originally published by Quentyn Kennemer.

Advertisement

For a short time, you can grab an Eight Sleep Pod Pro Cover for $1359+. Here’s the deets from one of our wonderful writers, Chaya:

Ranging from $1,445 to $1,745 depending on the size of your bed (or $175 off using our exclusive promo code KINJA175), the Pod Pro Cover from popular mattress brand Eight Sleep turns ANY mattress into a five-star sleeping experience. In short, Eight Sleep took the very best technology from their mattress and turned it into what is essentially a cover that transforms any bed into a smart bed. The encasement is placed on top of your current mattress and appends bed cooling and heating technology, a virtually silent vibration alarm system, sleep tracking, and a whole lot more. The cover is a two-part system: the encasement, which retrofits your mattress for a “PerfectFit TM” and the Active Grid cover, which adheres securely to the encasement to make your new smart bed manageable by app. A water hose and small hub connected to the Active Grid make the whole thing possible so that you can keep the rest of the bedding you’ve already got—no unnecessary spending or excess waste required.

Advertisement

Grab it before it’s gone!

Advertisement

This deal was originally published by Ignacia Fulcher.

Advertisement

If you’re planning on getting your hands dirty with a DIY project at home, now is arguably the best time to do it since, well, you’re stuck there most of the time anyway. But, of course, in order to pull it off successfully, you’ll need the right tools for the job. Fortunately, the RYOBI One+ three-tool combo kit includes everything you’ll need to start cutting and drilling your way through the pain. For $99—a whopping 64% off—you can fetch a cordless drill, circular saw, and reciprocating saw with a single 1.5Ah battery to share between the three. An 18W charger keeps your power tools revved up and ready to go whenever you need ‘em most. To sweeten the deal, a carry bag can also be found in the box.

Save $177 on this versatile, multi-purpose kit today and get three essential utilities for the price of one. At The Home Depot, discounts like these don’t last long, so jump on it before stock runs out!

Advertisement

This deal was originally published by Gabe Carey.

Advertisement

Sony’s new WH-1000XM4 headphones are leading the way in their noise-cancellation technology, alongside the gestures that come with these new models. They were down to $298 during Prime Day and $284 at Newegg just a couple of weeks ago, but BuyDig is piledriving the competition with a $278 sticker price today.

Advertisement

They will pause the track once it detects you’re speaking, and will also switch off the noise-cancellation when a hand is put on the right-cup. They feature fantastic sound and are able to be paired for up to two devices, so you can switch between your phone and your tablet with ease.

This deal was originally posted by Daryl Baxter.

Advertisement

Though they’re mostly for keeping things clean, even towels get dirty eventually. Sure, it might’ve started as a way to rinse off after a shower karaoke sesh, but eventually that white will start to fade and might not look as nice hanging up. Or maybe after a few too many pup accidents in the house, it’s just time for a new set of linens.

Huckberry’s Turkish towels usually sell for a bit over $40, but right now they’re down to just below $30, and you’re getting some pretty fancy looking towels for your money. The striped towels come in plenty of variants to match your decor, and their unique design will certainly earn a few compliments if we’re ever safe to have people over.

Advertisement

This deal was originally published by Jordan McMahon.

Echo Auto | $20 | Amazon

Echo Auto | $20 | Amazon
Graphic: Ignacia Fulcher

Advertisement

If you want all your Alexa tunes playing in your car then you’re in luck! For $20, which is a good 60% off the original list price, you can connect to the Alexa app on your phone and play music through your vehicle’s speakers via auxiliary or Bluetooth. The Echo Auto has eight microphones so it can hear your voice through loud noises throughout the duration of your trip. You’ll also be able to stream Amazon music, Apple Music, Spotify, and other services with just the sound of your voice. I would grab this deal before it is gone!

Advertisement

This deal was originally published by Ignacia Fulcher. 

Advertisement

I don’t know about you, but as a tangental Star Wars fan, I only made it through the first season of The Mandalorian because of Baby Yoda. Luckily, the masses have done us all a favor and gave us what we all need—a plush of our favorite character for a decent $18. You can cuddle with him when the new season drops in a few days. Thank me later.

Advertisement

This deal was originally published by Ignacia Fulcher.

Advertisement

Animal Crossing: New Horizons is all about vibing out and literally minding your business, so why not hop on a themed Nintendo Switch for $270? It’s refurbished via Best Buy Geek Squad, so there’s a 90-day warranty if things go wrong. You’ll get the Joy-Cons in those calming colors which just set up a mood of relaxation. And while you’re at it, if you still haven’t bought it, Animal Crossing: New Horizons is only $50, $10 off its original list price. What are you waiting for? That weird owl thing is waiting for you.

Advertisement

This deal was originally published by Ignacia Fulcher.

Advertisement

If you’re an iPhone user with some cash to blow, skip the pretenders and even the lesser AirPods to go for something better. The AirPods Pro stepped the game up with rubber tips, noise cancellation, and better overall audio quality. They’re a bit expensive and the price has dropped bit by bit over time, leading up to today’s opportunity to save $50 on a pair of your own, complete with a wireless charging case. With active noise canceling, automatic pairing on iPhones and iPads, and water/sweat resistance, picking ‘em now is a no-brainer if you were already in the market for them.

We saw these drop just before Amazon Prime Day, and the price has held steady since. However, B&H Photo has a similar offer that’s set to expire October 30, which may be a signal that the opportunity is about to pass. Be sure to get your order in while there’s still time!

Advertisement

Advertisement

This deal was originally published by Quentyn Kennemer.


Source

Continue Reading

Tech

Through the End of the Week, Get an Extra Plan Free When You Sign up for 2 Years of NordVPN

Published

on

Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

2 Years + One Free Plan | $89 | NordVPN

In his roundup of the best VPNs at Gizmodo, Andrew Couts called NordVPN “fast and easy to use,” citing accessibility and affordability as reasons to subscribe. Though it’s almost always marked down from its $287 list price, the 2-year plan is nonetheless the cheapest option to get started with the service and continue using it long-term. For a limited time only, though, it’s not only 68% off, bringing your total to just $89 for 730 days, but it also comes with an extra plan on top of that—chosen at random by the Nordic gods. Couts says in his abbreviated review:

No matter what you pay, you’ll get access to more than 5,400 servers in more than 60 countries, a bunch of features you may or may not want, and, because the company is based in Panama, assurances that your data—or lack of data, as the case may be—is outside of U.S. and European jurisdictions. Like every other VPN on this list, NordVPN claims to have a “strict no-logs policy,” so most of your data isn’t collected, the company says. It does still collect your email address, payment information, and the timestamp of the last time you launched the VPN.

Advertisement

But NordVPN isn’t without its downsized. “…some researchers have found that it sends your email address and Google Ad ID to a marketing company when you register through the Android app and contains some trackers,” Couts explains. “Another downside is that some of NordVPN’s servers are rented, which means another company you need to trust is in the mix. And yes, one of those servers got hacked in 2018.”

Still, if you want the one of the most reliable VPN clients, with the budget to support its robust infrastructure, you can’t go wrong with NordVPN. Plus, with availability on virtually every platform you can think of—from macOS to Android TV—it’s equal parts ubiquitous and acclaimed. Endorsed by PCMag, Wired, CNET, Business Insider, and more, it may be time to board the Nord hype train if you’re somehow unwedded to a VPN already.

Advertisement


Source

Continue Reading

Tech

The 10 Best Deals of October 28, 2020

Published

on

Gif: Juliana Clark

Best Deals of the DayBest Deals of the DayThe best deals from around the web, updated daily.

Wednesday’s Best Deals | Kinja Deals

It’s October 28, and we at Kinja Deals are here to bring you the top 10 deals of the day. Pretend you’re in a Nancy Meyers film with Le Creuset kitchenware. Find your inner Zen with the Levo II herbal infuser. And emerge from this pandemic cleansed, toned, and moisturized with Ole Henriksen’s Balance It All set.

Advertisement

If you’re still looking for more savings, take a look at Wednesday’s best deals overall.

Advertisement

For a short time, you can grab an Eight Sleep Pod Pro Cover for $1359+. Here’s the deets from one of our wonderful writers, Chaya:

Ranging from $1,445 to $1,745 depending on the size of your bed (or $175 off using our exclusive promo code KINJA175), the Pod Pro Cover from popular mattress brand Eight Sleep turns ANY mattress into a five-star sleeping experience. In short, Eight Sleep took the very best technology from their mattress and turned it into what is essentially a cover that transforms any bed into a smart bed. The encasement is placed on top of your current mattress and appends bed cooling and heating technology, a virtually silent vibration alarm system, sleep tracking, and a whole lot more. The cover is a two-part system: the encasement, which retrofits your mattress for a “PerfectFit TM” and the Active Grid cover, which adheres securely to the encasement to make your new smart bed manageable by app. A water hose and small hub connected to the Active Grid make the whole thing possible so that you can keep the rest of the bedding you’ve already got—no unnecessary spending or excess waste required.

Grab it before it’s gone!

Advertisement

This deal was originally published by Ignacia Fulcher.

Advertisement

If you’re going to give OLED a try, this might be the time to start considering. I’ll contend you can still get away with an LG B7, the baseline from a couple of generations ago, but the TVs have gotten exceptional. Burn-in and input lag are two of the biggest knocks against OLED, especially for gamers, but according to reviews, that should be a non-issue on the LG CX. So long as you’re not watching the news or playing games with the same HUD for many consecutive hours on end, you shouldn’t run into any nasty image retention issues anytime soon.

Now down to its all-time low price of $1,397 on Amazon and at BuyDig, this 55″ TV is one of the best LG currently has to offer. It begins with that beautiful OLED panel, of course, which bids sayonara to muddy grays and backlight bleed thanks to its per-pixel lighting. For movies, Dolby Atmos and Dolby Vision HDR return to give you the best cinematic experience possible, the latter adding a feature that automatically tunes the picture around your ambient lighting conditions and the content you’re watching.

Advertisement

The TV also includes both AMD FreeSync and Nvidia G-Sync, both of which are gaming features that eliminate screen tearing with little (if any) added input lag. Because of these tailored features, along with its gorgeous visuals and uniquely low price point, I’ve seen countless people in the gaming industry—including Bugsnax creator Philip Tibotoski, PCMag and Tom’s Guide writer Tony Polanco, and IGN’s Wesley DeBlanc—raving about the LG CX 55″ on Twitter. Buy it now and prepare yourself properly for the PS5 and Xbox Series X.

Advertisement

This deal was originally published by Quentyn Kennemer.

Advertisement

Get your fill of needed kitchenware before the holidays at Amazon. For a short time, you can grab tea kettles, grills, roasters, salt and pepper shakers, and so much more for 30% off their original list price. Why not become the chef you want to be? Grab em’ before they’re gone!

Advertisement

Advertisement

This deal was originally published by Ignacia Fulcher.

Levo II | $200 | Levo | Use Promo Code LEVO20

Levo II | $200 | Levo | Use Promo Code LEVO20
Image: Levo

Advertisement

If you’ve felt the stress of the pandemic sinking in, or you’ve found cannabis to be a good treatment for your ailments, it’s worth considering switching to edibles and oils. We’re still in the middle of a pandemic, so we should be taking care of our lungs. Edibles are a great alternative to smoking that can still get THC and CBD into your system without the concerns smoking and vaping bring. They might be in short supply, though, depending on your dispensary. If you can’t get your hand on your favorite gummies, or you’d like to start experimenting with making your own after-work treats, Levo is offering 20% off its products using the promo code LEVO20. I reviewed the Levo II several months back, and its ease of use makes it easy to get your flower-infused into oils for use in baking, candy, or even making infused butter.

Advertisement

This deal was originally published by Jordan McMahon.

Advertisement

For longer than I’ve been employed here at Kinja Deals, Speks have been a smash-hit with our readers, and it’s not hard to see why. Available in single- and multi-toned colorways, the toys are comprised of either 512 or 1,000 tiny earth magnets perfect for those times you’re tempted to bite your nails or take up smoking again. Which, in the midst of a strenuous pandemic, is most of the time for me. As someone who’s tried Speks for myself, I can attest to the satisfaction of playing with them at your desk during those times when writer’s block kicks in and it’s not 2017 enough to own a fidget spinner.

Unlike other fidget toys, Speks allow you to tap into your creative side. On the company’s Instagram, for example, you’ll find a thorough demonstration on how to make your very own jack-o’-lantern out of Speks—a seasonally appropriate activity that takes way less space and effort (not to mention clean-up) than, say, carving an actual pumpkin. Add this adorbs trinket on your work-from-home setup and get a late start to your Halloween decorations while Speks are 20% off using the promo code SPOOKYSPEKS. Before long, you’ll be mashing, smashing, and building away in lieu of swearing at your computer screen when your boss starts getting on your nerves.

Advertisement

This deal was originally published by Gabe Carey.

Advertisement

So, you’ve been lucky enough to get your hands on a Nintendo Switch despite the extremely shoddy stock. Great! But now you’ll need some games. The Switch has a great library of excellent games, but many of them are first-party and Nintendo games rarely go on sale. Not so right now, luckily. Best Buy has a bunch of big bargains right now, and at least as of this writing, games like New Super Mario Bros. U Deluxe, Super Mario Party, Yoshi’s Crafted World, and Splatoon 2 are all down to $40. Super Mario Party, Yoshi’s Crafted World, and Splatoon 2, specifically, are available for the same price on Amazon.

Advertisement

Advertisement

This deal was originally published by Andrew Hayward.

Advertisement

If you’ve been in the market for a heavy-duty blender, look no further than the Caphalon Active Sense 2 Blender, only $100 because of a price drop. With five settings ranging from smoothies to salsa, you’ll be able to have the power of 1200 watts of power at your fingertips. It even comes with an added smoothie cup to make sure you get your daily dose of fruit and whey protein. Grab it before it’s gone.

Advertisement

This deal was originally published by Ignacia Fulcher. 

Advertisement

This is the only system I swear by to keep my fairly oily forehead in check. If you like me have a T-zone that runneth over you have to put up barriers and this Ole Henriksen Balance It All Set is the protection we need. Anytime this goes on sale I snatch it up. It’s 30% off right now and is worth every penny.

Cleanse, tone, and moisturize. These steps help get all skin types in order but if you’re someone with a few issues top quality products are needed. This set from Ole Henriksen really does help your face find its balance again. The cleanser deep cleans pores and has a great lather to it because it contains green tea. The toner removes the extra oil and grim, which is our goal here. I really only need this on my forehead but somedays a swipe all around really does that trick. Refining those pores is key. The hydrator is the perfect final step as it’s super lightweight and gives just the right amount of moisture to replenish the face. If you wear foundation it blends extremely well with your chosen brand. Each of these has a refreshing feeling as well as a soothing eucalyptus/peppermint scent. This is a clean beauty item and is a best seller for a reason. It works.

Advertisement

Free shipping on all orders with the code FREESHIP.

Advertisement

This deal was originally published by Sheilah Villari.

Advertisement

For the rest of the day take 30% off select Hasbro Games and spice up your next game night. As it looks like we will be back indoors more soon and things are shutting down early in my neighborhood again so small game gatherings have begun to pop up. This Hasbro deal today has several old favorites, twists on classics, and even a retro version or two for the best night in.

I’m extremely intrigued by the Chilling Aventures of Sabrina version of Clue. As they just announced season 4 will drop on New Year’s Eve this would be a nice addition to your party. Old favorites like Operation and Mouse Trap are in this sale and honestly what could be a better combo than a night of wine and digging around in Cavity Sam. I was pleasantly surprised to see Tiger Electronics handheld games in the mix. Boy did I love all the Disney ones I had as a kid so the X-Men one made me pretty nostalgic. This is a great gift for a pal who loves retro gaming. There are 45 games to pick from so I’m sure you’ll find the perfect fit for your home for a night of good clean fun.

Advertisement

Advertisement

This deal was originally published by Sheilah Villari.

Advertisement

Greatness may be awaiting the PS5 launch targeting late 2020, but you can get a head start on your PlayStation Plus subscription renewal (still required for online multiplayer and monthly freebies) at Eneba. $28 nets a whole year using the promo code XBOXFINALE, over half the price you’d otherwise spend on Amazon. Simply redeem the code at checkout and you’re set for 365 days.

Advertisement

This deal was originally published by Gabe Carey.


Source

Continue Reading

Trending