Elewit, Redeia's technology platform, and Grupo Dunas, a subsidiary of Grupo Energía Bogotá, have chosen Adara Ventures (a venture capital firm that invests in early-stage companies) to create Adara Ventures Energy I, an energy investment fund backed by the European Investment Fund (EIF) with €35 million, and a total global investment of €120 million that will finance innovative solutions to accelerate the ecological transition.
Elewit, Redeia's technology platform, aims to take another step forward in Technology Monitoring to make maximum use of new technologies with the potential to drive the energy transition and connectivity. Faced with an immense choice of innovative solutions that are being developed thanks to scientific advancements, constant monitoring is required to analyse the options that they can offer, not just for Redeia but for society as a whole.
Elewit, Redeia's technological platform, has selected four startups in the 5th edition of its Venture Client Programme, which this time will focus on the development of pilot projects for cybersecurity in communication networks of substations; new equipment and materials for overhead power lines; a computer platform to provide more information for project management, and the revitalisation of marine ecosystems in areas where there are electric cables.
Elewit, Redeia's technological platform, has hand-picked four projects from the pool of six finalists in the third year of its intrapreneurship programme, Despega. The selected projects aim to address issues related to electrical risk in electrical infrastructure operations, the availability and cost of equipment and materials in the electrical sector, the time required for discharges, the disconnection of installations from the electrical grid, and the gradual increase in radio frequency spectrum interference.
Splight, an AI startup at the forefront of grid operations technologies, today announced the completion of its seed funding round. The $12M round was led by noa (formerly A/O) and joined by EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation, among others.
Red Eléctrica has developed a project with the cybersecurity startup Radiflow leveraging the technology offered by its industrial threat detection and management platform iSID. This anomaly detection and OT (Operational Technology) visibility suite allows improving the security of industrial networks through a complete visualization of the network, threat detection and management of communication policies between devices.
Elewit decided to invest through its corporate venture capital (CVC) in HESStec because of its innovative character addressing the main challenges of the new energy model, focused on decarbonization, renewable energies, energy efficiency, storage, sustainable mobility and circular economy.
Redeia, as global manager of essential infrastructures, is constantly striving to advance towards sustainability objectives that contribute to a more sustainable future, as part of its Sustainability Plan 23-25.