EDF joined forces with Idinvest Partners, a well-known
expert when it comes to funding SMEs, to create a venture
capital fund called Electranova Capital. The aim of this
fund, endowed with a minimum investment capacity of €60
million, is to encourage the emergence of innovative
projects focusing on new technologies with a view to
embracing the challenge of a low-carbon energy model, for
both energy production and usage. The goal of this fund is
to finance innovative young companies in the energy sector
with strong potential for growth, both in France and in
Europe, via minority shareholdings.
EDF has defined the investment scope of the fund, and will
contribute its own expertise in "cleantech"
solutions. The fund will be managed autonomously in
accordance with the industry's best practices. EDF is
contributing €30 million to Electranova Capital and
Allianz, the first financial investor to be won over by the
ambition and approach adopted by the fund, is committing
€10 million to the project. Comprehensive discussions are
underway with other prestigious partners who are keen to be
involved in this project alongside EDF, and the search for
investors will continue throughout 2012.
The creation of this venture capital fund fits in perfectly
with the worldwide context of an ever-evolving energy mix,
characterised by countless innovations. New questions are
being asked, particularly about the development of smart
grids, the arrival of electric vehicles, advances in energy
efficiency and renewable energy, and electricity storage...
EDF, with its over 2,000 strong R&D team, is actively
involved in these issues, investing in research into new
technologies and innovative business models. Start-ups also
play a vital part in innovation. Knowing about and
encouraging the development of these start-ups is becoming
a new challenge for large companies.
This project will also provide an opportunity for start-ups
to forge ties and nurture partnerships with EDF R&D and the
group's other departments.
The launch of this fund ties in with the whole EDF
group's innovation policy, which is committed to
strategic contributions to a number of funds specialising
in technologies that respect the environment around the
world, particularly in North America (Chrysalix in Canada)
and China (Tsing Capital), helping to establish a
comprehensive overview of Clean Technology innovations
around the world.
The EDF Group, one of the leaders in the European
energy market, is an integrated energy company active in
all areas of the business: generation, transmission,
distribution, energy supply and trading. The Group is the
leading electricity producer in Europe. In France, it has
mainly nuclear and hydraulic production facilities where
96.5% of the electricity output is CO2-free. EDF's
transmission and distribution subsidiaries in France
operate 1,285,000 km of low and medium voltage overhead and
underground electricity lines and around 100,000 km of high
and very high voltage networks. The Group is involved in
supplying energy and services to approximately 27.9 million
customers in France. The Group generated consolidated sales
of € 65.3 billion in 2011, of which 43.1% was achieved
outside of France. EDF is listed on the Paris Stock
Exchange and is a member of the CAC 40 index.