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Venture client unit · Energy

Siemens Energy

Siemens Energy Ventures

Berlin, Germany

About Siemens Energy

Siemens Energy is an energy technology company working across power generation, transmission and industrial decarbonization.

Source: siemens-energy.com

How Siemens Energy works with startups

Siemens Energy Ventures is Siemens Energy's entrepreneurial arm, founded in 2020, operating from Germany, the UK, Israel, India, Dubai and the US. It works through two channels: venture clienting, where the unit acts as an early customer testing and adopting startup solutions against defined internal business challenges, and venture capital investment in climate-tech startups. Its search is organized around five investment themes: 24/7 carbon-free energy, resilient grids, carbon and product circularity, condition-based service, and decarbonized heat and industrial processes.

Source: siemens-energy.com

Reported program details

Reported figures and terms may describe an earlier period. Confirm current availability with the team.

Areas of interest

Selected startup collaborations

GeoPura

Hydrogen units deliver carbon-free backup power

GeoPura's hydrogen power units, developed in collaboration with Siemens Energy (UK), convert renewable-sourced hydrogen into carbon-free backup, off-grid and grid-augmentation power; Siemens Energy Ventures is a minority investor alongside GM Ventures, Barclays Sustainable Impact Capital and SWEN CP.

Source: siemens-energy.com

Factor2 Energy

Turns CO2 reservoirs into 24/7 power

Factor2 Energy's patented CO2-based cycle turns depleted geothermal sites or CCS reservoirs into dispatchable, always-on clean power plants, a technology in Siemens Energy Ventures' portfolio.

Source: siemens-energy.com

These are selected publicly described collaborations, not a complete procurement record or a measure of spending.

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