Elia Group invests in SET Ventures to support digital innovation in the energy sector

By participating in the investment fund, Elia Group is aiming to identify new innovations and companies that will help to accelerate the digitalisation of the electricity system via digital solutions that will unlock more flexibility from across the system and so benefit it.

This is the very first time that Elia Group is participating in a venture capital fund. The investment is being carried out by the holding company and is therefore separate from the Group’s regulated activities (which are covered by consumer electricity bills). By collaborating with promising start-ups, Elia Group will be staying up to date with the latest trends and newest innovations.

Besides Elia Group, other participants in the fund include the European Investment Fund, ABN Amro, Triodos Bank, a.s.r., Carbon Equity and private (family) investment funds.