However, the total amount for all venture and equity investment was down 50.2% year-over-year.
Thefundwill invest in 20 to 25 European companies that are innovating the energy transition.
It’s free, every week, in your inbox.
The first thing we ask is: does this fit into our scope?
Does it move the impact needle, and is there a market opportunity?
Do we think this is a fantastic founder team?
Is there a market opportunity that is large enough?
Can you truly develop a differentiated and unique offering in that market?
And, ultimately, is it going to be financially rewarding to take on that opportunity?
Solving problems why this, why now?
Another question that always comes up, Arts says, is what problem is this solving?
Why this, but also, why now?
Because many of these problems are not new.
Maybe it is the technology, maybe it is the people, etcetera.
Or, as he puts it what do you want me to believe that other people arent believing yet?
Arts would argue, perhaps unsurprisingly, that not necessarily and definitely not when it comes to energy.
This,the IEA says, provides a huge market opportunity for clean technologies.
That means that those five segments collectively would be larger than todays oil industry and its associated revenues.
And thats just the hardware stuff.
Managing platforms and data will become increasingly important parts of energy efficiency and clean energy innovation.
What people might need to be reminded of is that you cant always predict timelines.
But that doesnt mean theyre going to be longer.
Sometimes you see changes happening very quickly.
Among the startups and scaleups in SETs portfolio are Dutch companiesSensorfactandEnergyworx.
Energyworx is a SaaS provider for energy providers to ingest and manage data across the entire energy chain.
Another example of SETs investment strategy is GermanysInstagrid.
The company has built a 20kg 230V portable power system for professionals to work off-grid.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
