Capital Energy Quantum invests €2 million in the energy transition fund Klima
The group's corporate venturing vehicle has a budget of €20 million until 2025
- Thanks to this operation, Capital Energy will be able to collaborate with companies who have a high potential for growth in key decarbonisation areas, such as green hydrogen, energy efficiency, battery development, digitalisation or improving electrical grids.
- Quantum seeks to identify a portfolio of EnergyTech startups on the Iberian Peninsula that have the potential to transform the energy sector, to reach agreements and invest in them over the next five years
- This Capital Energy fund has collaborated with major companies such as HESStec, Solum, Chargy, Liight and Voltaware, and with cross-sectional innovation projects such as Open Innovation 4.0, developed by the Principality of Asturias and the European Business and Innovation Centre (BIC)
Madrid, 17th August 2021.- Capital Energy, a Spanish energy company founded in 2002 with the aim of becoming the first vertically-integrated 100%-renewable energy operator on the Iberian Peninsula, has again proven the major role that the innovation-green and fair energy transition combination plays in its strategy.
Through its corporate venturing vehicle, Quantum, the group has invested €2 million in Klima Energy Transition Fund, the corporate fund developed by Alantra in collaboration with Enagás. In the implementation of this project, Alantra provides its ample experience in asset management, where it currently offers its clients a wide range of investment strategies, whereas Enagás contributes with its technical and industry knowledge and its experience in promoting startups that specialise in areas such as sustainable mobility, biogas, hydrogen and energy efficiency. Klima has investment teams in France, Germany and Spain that together offer 40 years of experience in the European energy sector.
Thanks to this venture, Capital Energy will be able to explore different options for collaboration with the companies that make up the Klima corporate ecosystem and that have a high potential for growth in key aspects of the green and fair energy transition, such as green hydrogen, energy efficiency, battery development, digitalisation or improving electrical grids. The operation also allows Quantum to diversify its investment strategy, by positioning itself with highly mature companies, with higher investment requirements due to the type of businesses and with a clear focus on international action.
Erika Escolar, director ofQuantum.
The alliance with Klima will also provide the group with potential pathways for co-investment and M&A, as well as access to additional market intelligence and to international investor networks. The companies comprised in the energy transition fund will also obtain a good strategic return on the operation, as they will benefit from Capital Energy’s position in the energy sector and from its industrial know how.
Erika Escolar, director of Quantum, points out that “Klima’s signature reinforces Capital Energy's commitment to entrepreneurship, as well as its interest in creating a cooperative culture between companies and organisations that contributes to accelerating the necessary decarbonisation of the economy, without losing sight of the boost to the socioeconomic development of local communities”.
With this goal in mind, Capital Energy’s corporate venturing vehicle has already collaborated with startups such as Liight, Voltaware or Chargy on initiatives that promote energy efficiency, relationships with the end client and sustainable behaviours, with the leading company in the development of energy management systems and hybrid storage solutions HESStec and with the Andalusian technological company Solum, that is developing a photovoltaic charging solution for light electrical vehicles, such as scooters.
The fund has also implemented social initiatives to align the company’s renewable energy project with the needs of the regions where they are located. An example of this is the recent donation to the Fundación de Discapacitados of the A Barcala region, in the A Coruña province, which came about after an internal competition was organised, where the winning employees got to choose where the money would go. It has also collaborated on cross-sectional innovation projects, such as Open Innovation 4.0, implemented by the Institute for Economic Development of the Principality of Asturias (Idepa) and the European Business and Innovation Centre (BIC).
Quantum: €20 million to transform the energy sector.
Endowed with €20 million, Quantum, introduced by Capital Energy in October last year, aims to identify a portfolio of EnergyTech startups in Spain and Portugal with the potential to transform the energy sector, reach agreements and invest in them over the next five years. To do so, the company is exploring various options, such as association (Venture Client), direct investment (Venture Capital) and building new businesses (Venture Building).
Capital Energy Quantum is part of the group’s strategic commitment to promoting entrepreneurship and generating a huge network of knowledge and talent on the Spanish energy market. It also contributes to consolidating Capital Energy’s transformation into a client company, improving the efficiency of its core business over the short and medium-term.
A portfolio of more than 35 GW on the Iberian Peninsula
In line with its commitment to a green and fair energy transition, Capital Energy currently has a portfolio of wind and solar projects under assessment and development in the Iberian Peninsula with around 35 gigawatts (GW) of capacity, of which more than 8.7 GW have already received network access grants.
Thanks to the launch of its retail arm in the final quarter of 2020, Capital Energy reached its strategic aim of being present on the entire renewable energy value chain: from development, where, given its 20-year history, the Company has a consolidated position, to construction, production, storage, operation and supply.
The aim of the Company, which has more than 385 employees distributed throughout 15 offices in Spain and Portugal, is to deliver to the end consumer the 100%-renewable energy that it is already producing at its facilities.