The 2019 edition of Free Electrons - the world’s first global energy accelerator programme - is back and now open to entries! Entering its third year, Free Electrons connects the world’s most promising start-ups with leading utility companies across the globe to co-create the future of energy. The programme aims to attract startups developing solutions in the fields of mobility, clean and smart energy and digitalisation.
Since we initiated and co-founded Free Electrons in 2017, the programme has received more than 1,000 applications from companies in 70+ countries with 50+ pilots taking place, 27 start-ups accelerated and more than $5 million worth of deals signed so far (with an ongoing pipeline of opportunities in excess of $15 million).
It has also grown to include the participation of 10 international utilities that together have a total customer base of 80 million in 40+ countries. Its appeal to the energy utility sector highlights both the quality of the Free Electrons programme and also the importance of innovation and technology to the future of energy.
To find out more about how Free Electrons helps utilities ‘go outside to innovate from within’ and why it’s a win-win for both start-ups and utilities, read our interview with Stefan Padberg and Florian Kolb. Start-ups will also be competing for the coveted title of “Free Electrons World’s Best Energy Startup” and a prize of $200,000. To find out more about last year’s winner - and innogy Innovation Hub portfolio company! - SOLshare, read our article here.
Through the Free Electrons programme, we have made a total of three new investments so far: