Munich, 9 August 2018. The international energy experts Maikel van Verseveld and Gerard Reid are strengthening the Supervisory Board of GreenCom Networks AG in Munich. With this prominent support, the company, which was founded in 2011, is setting the course for further strong growth in Europe. The Dutchman Maikel van Verseveld is a senior partner at Accenture Energy and one of the best known and best-networked consultants in the international energy world. The Briton Gerard Reid is a recognized financing expert in the field of digital energy transactions. “GreenCom will benefit from this expertise, the experience and the network of the two new supervisory boards as it continues to expand,” says Dr. Christian Feißt, CEO of GreenCom Networks AG: “It is extremely important for our further development to have gained such recognized experts for this role.”

“In my consulting activities, I come into contact with many young companies throughout Europe who want to shape tomorrow’s energy world with good ideas,” Maikel van Verseveld explains his motivation: “The concept and the approach of GreenCom Networks have greatly impressed me from the very beginning. I am therefore convinced that the company can make a decisive contribution to the digital energy transition and I would like to support this path as a Supervisory Board member.” Gerard Reid is active in the asset-financing sector of the energy world and will support GreenCom’s expansion in this area: “As the new energy world will essentially emerge beyond the large corporations that dominated the market in the past, it is important to develop sustainable financing models for digital energy businesses. A concept like that of GreenCom must therefore also be flexible and powerful in this respect.”

GreenCom Networks AG provides the energy industry with innovative digital solutions at the interface to the Internet of Things. With its Energy Information Brokerage Platform (EIBP), the company has developed a white label solution for the management of decentralized energy systems. This allows for the networking and optimized use of millions of decentralized systems such as photovoltaics, battery storage, heat pumps, air conditioning systems and electric cars. This results in brand new business models for energy services through to carefree services such as flat rates for electricity or air conditioning in combination with decentralized systems or energy community approaches. Dr. Feißt: “In the digital age, data, its analysis and processing are the raw materials of the new energy world.”

From the 4th to the 5th of June GreenCom was exhibiting at the Eurelectric in Ljubljana, Slovenia. As one of the largest energy industry conferences in Europe, the Eurelectric annual conference offered more than 50 C-level speakers, over 500 participants and more than 20 sponsors and exhibitors. As one of them GreenCom could attract multiple high-level visitors and show its new products live – most of all GreenCom’s community with a multitude of real connected end customers was impressive. Visitors could not only see the communities visualization but also try out features like energy usage statistics, forecasts, local optimization or data exports.

On the second day, GreenCom’s CEO, Christian Feißt, and a colleague from GreenCom’s partner EDP have presented the companies’ joint effort to provide new innovative digital energy services. Later GreenCom and EDP participated in the panel discussion on the future of distributors.

Lisbon, Munich, April 20th, 2018. EDP is preparing its retail business for the digital future. While the energy industry is becoming increasingly decentralized – with solar PV, battery storage and the uptake of electric vehicles – future utility companies will have to turn themselves into digital service providers. Just like in other industries where digitization disrupted existing business models, the main asset of a utility will be the end customer who owns the solar PV or the electric vehicle.

To meet this challenge, EDP is turning itself into a data-driven service provider that continuously offers new and innovative services focused on the end customer. As an enabling foundation for these services, EDP is leveraging GreenCom Networks’ Energy Information Brokerage Platform. “Digital technology helps us to be faster and more innovative in our services which we offer to our customers. GreenCom Networks is providing us with a leading-edge technology platform that realizes the Energy Internet of Things and enables us to create new products and services for our customers rapidly” says Marta Diaz from EDP Spain.

“EDP is one of the global leaders in the utility industry. We are proud to be a partner to support EdP in utilizing the opportunities of the digital energy future”, comments Christian Feisst, CEO of GreenCom Networks. Romain Trigance, GreenComs’ technical lead for the EDP project, adds: “We have worked with many energy companies. But partnering with EDP is exciting given the size of its customer base and the aspiration of becoming a true innovation leader. With EDP, we can prove the strengths of our technology”.

The partnership between EDP and GreenCom Networks is one of the outcomes of the Free Electrons initiative that EDP established together with seven other international utilities. Out of more than 450 applicants, twelve innovative start-up companies were selected to work on future business models in the energy industry. GreenCom Networks was one of the companies that participated in the Free Electrons program. “This collaboration with GreenCom Networks demonstrates the benefits of our commitment towards innovation and collaboration with start-ups that we are driving forward with initiatives like Free Electrons,” says Luis Manuel, GM of EDP Innovation and one of the founders of the Free Electrons program.

About EDP
EDP is an energy producer, distributor and retailer with 12 million customers in Portugal, Spain and Brazil. EDP has over 25GW of power production capacity of which 5GW are hydro and 10GW are wind, making it the 4th largest wind power producer in the world and 3rd in the US. Its renewable power business is present in 14 countries including the US and Brazil.

Munich, Sophia Antipolis, April 16th, 2018. GreenCom Networks received funding with the Macdoch Group as lead investor and with a participation of its current shareholders Munich Venture Partners and SET Ventures. The money will be used to further strengthen GreenCom’s leading position as an Energy Internet of Things (IoT) provider in the European energy market and beyond.

GreenCom is providing its Energy Information Brokerage Platform to utilities and energy service companies, including OEMs of energy-relevant devices. As a company, GreenCom combines unique strengths from a deep understanding of the future energy markets and its telco technology background with the experience of managing millions of devices connected to an Energy IoT.

By utilizing GreenCom’s platform, customers may offer new digital energy services to their residential customer base. As the energy industry is facing a significant shift from oil and gas towards electricity and from central power generation towards distributed generation, battery storage, and electric vehicles, intelligent software is essential to enable a smart and sustainable future energy supply. With its end-to-end Energy IoT offering, GreenCom integrates distributed assets like solar inverters, heat pumps, battery storage or electric vehicles from a large variety of vendors to enable such new digital energy services.

GreenCom’s Energy Information Brokerage Platform is using artificial intelligence to predict the behavior of connected assets and to optimize their usage. Depending on the services GreenCom’s customers are offering, the platform supports local or central optimization, e.g., within GreenCom’s virtual power plant application. Just recently, GreenCom announced its offering of an energy community engine that allows customers to connect with each other virtually.

“Macdoch is not just a financial investor for us. The Macdoch Group has excellent relationships in the Australian market. And that’s a very interesting one that we are actively looking at,” commented Christian Feisst, CEO of GreenCom.

“GreenCom has a unique offering that paves the way for the future energy transition. We invested because we recognize the company’s unique capabilities and we see significant synergies with our other business activities,” said John Thorpe, Director Macdoch UK.

About The Macdoch Group

Macdoch is a family-controlled investment group with executives based in Sydney and London. Its interests span quoted equities, venture capital, agriculture and property mainly in the UK and Australia. Macdoch invests in a number of areas with a particular focus on the energy and healthcare sectors.

  • First open-innovation project by GreenCom Networks links electric cars, PV systems, heat pumps and other energy equipment internationally in Germany and France
  • GreenCom open-innovation lab as a blueprint for the digital energy future
  • Companies can access live data and test their own innovative products, such as flat rates and communities
  • Reduction in energy costs by up to 20 percent, stabilization of networks and reduction in CO2 footprint

Munich, Sophia-Antipolis, 6th February 2018. The energy transition presents great challenges for the industry. The proportion of renewable energies is increasing. However, electricity generated using wind turbines and solar panels is not as easy to regulate as a power station. Network operators are thus investing billions in stabilizing the electricity grids. GreenCom Networks, a German-French platform provider for Energy-Services based in Munich and at Institut Universitaire de Technologie Sophia-Antipolis, is now offering a solution. That allows fluctuations to be reduced thanks to a digital control system and also helps energy companies to optimize their own procurement. The company is offering the industry an energy community in the form of what is known as an open-innovation lab with live data from real end customers. In this way, electric cars, PV systems, heat pumps, and other electrical equipment can, for instance, be linked to each other at the GreenCom Networks sites in Germany and France.

GreenCom CEO Dr. Christian Feißt: “With the GreenCom energy community, we offer companies access to a proven test lab so that new products and services can be developed for the energy sector. Companies have hardly any opportunity to obtain real data, systems, and product examples. This hampers product development. We want to close this gap with our open-innovation lab.” The extensive data material for the development and optimization of companies’ own business models is provided in an anonymized form.

Screenshot of GreenCom’s open innovation lab.

The GreenCom energy community is probably the very first open-innovation lab that can actually integrate and control various equipment from different major manufacturers, such as PV systems, battery storage devices, heat pumps, and electric cars. Successful services, such as Germany’s first green electricity flat rate and flexible electricity tariffs, have already been developed on this basis.

The open-innovation lab is intended to be a “living blueprint” for how energy is produced, used and traded in the future. Real use cases provide specific data and knowledge: “The aim of the GreenCom living lab is to verify compatibility and performance in a real test environment,” says Dr. Feißt. The challenge mainly lies in linking up various producers, different types of equipment and individual households while also ensuring a reliable supply and full flexibility for all those involved.

Thanks to the intelligent control system, approx. 20% of energy costs can be saved in the GreenCom energy community. What’s more, in this way, the local power consumption of electronic devices is significantly increased, and CO2 is reduced by switching consumption to green electricity times. As a result, the intelligent control system also ensures that the stabilization costs in the electricity grid are considerably reduced.