2.3 Joining forces with siemens Energy to rapidly commercialise cleantech innovations

In October 2022, EIT InnoEnergy announced a partnership with Siemens Energy to commercialise and scale cleantech innovations. As part of the agreement, the companies will look for opportunities within EIT InnoEnergy’s start-up portfolio to consider for Siemens Energy’s venture clienting programme.

Focused on driving the energy transition, Siemens Energy has identified three vital focus areas – low or zero emission power generation, energy transport and storage and reduction of CO2 emissions in industrial processes. Its innovation strategy is directed along strategic fields to develop solutions that will deliver transformational growth and help against climate change.

Siemens Energy Ventures support this innovation strategy with programs to fast-track sustainable energy innovations to address critical needs of customers and deliver commercial value aligned to the strategic fields. While its venture building supports innovations from inside the company, the venture clienting programme gives selected external start-ups the opportunity for commercial pilots – with the goal of a rollout at scale thereafter. On top of that, Siemens Energy Ventures provides strategic investment to early and growth-stage start-ups.

vI no D P HI l IP Executive Board Member, Global Functions of Siemens Energy

To enable a just, fair and fast energy transition, partnerships, such as this one with EIT InnoEnergy, are key and an important part of our innovation strategy.