E.ON has joined Leeo, a San Francisco start-up company that made its public debut today, as an investor and partner. Leeo develops and provides smart home solutions consisting of simple plug-and-play devices and related data services. The company develops products and services for itself as well as select enterprise partners.

"We're excited to be working with a partner like E.ON, which has substantial expertise in energy management. Together, we will explore options for providing easy to use smart home products" Leeo Adam Gettings said.

In Germany, E.ON has invested in Thermondo, a Berlin-based start-up that helps residential customers to get an efficient and environmentally friendly supply of heat. Based on an online platform and an in-house developed IT infrastructure, customers can compare a variety of heating system manufacturers and technologies in a quick, easy, and cost-effective way. As a result of this process, they can choose and purchase the one that best fits their needs. The selected unit is installed by certified technicians from Thermondo. The company combines the speed and wide product range of an internet company with the outstanding workmanship of experienced HVAC technicians.

"E.ON is the ideal partner to help us reach our ambitious growth targets. We believe that our ability to drive innovation along with E.ON's innovation expertise and customer base is the right combination for succeeding in dramatically changing energy markets. We're convinced that the future belongs to IT-based energy solutions," said Philipp Pausder, co-founder and managing director of Thermondo.

"Our partnerships with Leeo and Thermondo create promising opportunities for us to offer new and innovative products and services that make our customers' lives even more convenient and efficient," emphasized Urban Keussen, Senior Vice President for Technology and Innovation at E.ON.

The two investments further expand E.ON's venture capital activities. To date, E.ON has invested in ten start-ups in the United States and Europe. Further to that, E.ON also established an office in San Francisco in early September to be an even more active investor in Silicon Valley and to make the innovation and potential of young US companies available to E.ON customers. This will enhance E.ON's ability to identify promising business models early in the process and to forge successful partnerships.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

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