dena and SET launch the SET Network with Innoloft: Innovations, networks and partnerships for energy system transition


Energy & Environment, Energy Efficiency and Environment, Energy Market & Trading, Energy Supply

The topic of energy system transformation is more urgent than ever. Due to our digitized way of life, we now consume about ten times as much electricity as our fellow human beings did about fifty years ago. Time is pressing. But how can we succeed in generating and using energy exclusively clean, affordable and safe?

In Germany, about one third of the electricity comes from renewable energies, i.e. wind power, solar energy or biomass. Emissions of climate-damaging greenhouse gases are being successively reduced and the last three nuclear power plants in Germany are to be shut down by 2022. This is a correct approach, but no panacea.

Innovative energy industry: Start-ups bring new dynamism to the energy transition

To support political approaches and decisions, the energy industry needs a fresh spirit, spontaneity and flexibility. All the better that there are more and more young founders who come up with innovative ideas and solutions. But it is precisely these young founders who need support from investors and experienced companies in order to develop and establish their innovations. Often, this is exactly the point where they fail and good and innovative ideas cannot be pursued further because money and expertise are lacking.

Start Up Energy Transition launches SET Network – with support from Innoloft

This is the focus of the German Energy Agency (dena) and the Federal Ministry of Economics and Energy (BMWi): The Start Up Energy Transition (SET) Global Innovation Platform is intended to offer energy transition start-ups various forms of support, i.e. through the annual SET Award and SET Tech Festival.

Similarly, the Start Up Transition (SET) is established with an international focus as a global forum and with the conviction that a sustainable future is directly linked to innovative business models and political will. The operating organisation here is dena as well – in cooperation with the World Energy Council.

In order not only to continue this promising approach but also to deepen it, on July 1st, the SET Network with an international approach was launched together with Innoloft. This is a network that is aimed equally at start-ups, established companies and interested investors. Start-ups can network with interested companies, investors can compare attractive investment opportunities and established corporates can promote cooperations with young start-ups. In the end, joint innovative product ideas can be developed and brought to market.

Numerous features offer quick and uncomplicated ways to accelerate the networking of the individual players and thus drive forward innovations for the energy transition: With the help of applications, startups can, for example, communicate directly which resources they need for product development or whether investors are being sought. Meanwhile, companies and corporates use the search for startups in the energy sector to pursue their own use cases, and investors are offered an overview of the latest innovations to find promising projects.

Click here for free registration and further information about the SET Network.