E.On invests in American smart appliance start-up

eon e.on logo elp

E.On has again expanded its venture-capital activities by taking a stake in Bidgely as part of the U.S.-based start-up’s $16.6 million Series B financing round.

Bidgely offers energy companies cloud-based, real-time applications that their residential customers can access via the internet or mobile devices. The applications enable customers to better manage their energy usage and compare it with that of similar households in their area.

One of its features is energy efficiency tips for home electronics, appliances, and heating units, which are sent as push notification messages to customers’ mobile devices.

E.On continues to promote innovation by making strategic co-investments in start-ups whose intelligent solutions are helping to shape tomorrow’s energy market. To date, E.On has taken stakes in more than a dozen start-ups in the United States, Europe and Australia.

Its portfolio is diverse. It has invested in companies ranging from Sungevity (which develops software for planning solar arrays) to Enervee who provides a dynamic platform on which consumers can make more energy-efficient choices when it comes to household appliances, devices and electronics purchases.

The start-up AutoGrid is dedicated to bring the power of Big Data, predictive analytics and Internet scale computational techniques to the production and consumption of electricity. In Germany E.On has invested in Thermondo, a Berlin-based start-up whose online platform enables customers to quickly compare a variety of heating units.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs