E.ON Acquires Majority Stake in a Clean-tech Software Company

E.ON has acquired a majority stake in envelio GmbH, a clean-tech software company based in Cologne, Germany.

envelio is a specialist in digital grid management and has developed the “Intelligent Grid Platform” – a solution that enables power grid operators to set up a “digital-twin” of networks and optimize grid planning and operational processes and decisions based on real time data. envelio has already been working with E.ON’s distribution system operators (DSOs) Westnetz and E.DIS for the past three years and is already serving more than 35 customers across Europe.

The acquisition of envelio is part of E.ON’s ambition to provide an open digital energy ecosystem. In the course of the energy transition increasing numbers of decentralized renewable generation and wallboxes for charging e-vehicles will need to be connected to the grid. envelio’s products are empowering this new decentralized energy world. The combination with E.ON’s industry expertise will accelerate this development even further going forward.

Victoria Ossadnik, Board Member for Digital, comments “The energy transition will only succeed through the smartification of power grids. Through envelio and its dedicated team, we are securing a key technology that will enable utilities to manage their grids more efficiently. The envelio technology enables network simulations in real time, this helps power grid operators to improve the utilisation of network capacity and to anticipate network expansion needs at an early stage. This will help to provide customers with efficient and timely network connections – an important technology for E.ON and also for other utilities to master the transition to a sustainable energy system.”

Simon Koopmann, Co-Founder and CEO of envelio adds: “Our vision at envelio is intelligent grids for a sustainable future worldwide. We are thrilled about the new strategic partnership with E.ON, as it will enable us to further scale our technology and deliver the new standard for digital grid management to utilities together.”