Powerful potential backers
Indeed, instagrid is just one of a raft of start-ups in Germany working to provide sustainable energy solutions. “There are a lot of homegrown start-ups,” says Germany Trade & Invest’s cleantech expert Robert Compton. “That shows that the conditions here are right.”
That’s no accident. Germany is at the heart of Europe’s energy industry, with countless young companies developing not only digital innovations for existing energy products but also hardware to solve future energy needs. Environmental awareness is an integral part of German culture, and the government is committed to decarbonizing the country’s energy supply by 2050. Also, the country produces a lot of well-trained engineers, many of whom are keen to start out in the cleantech sector.
Energy heavyweights such as German companies E.ON and RWE as well as Sweden’s Vattenfall, which is heavily involved in Germany, are actively looking for start-ups to promote innovation. So, the chances for small German-based energy companies to scale up have never been better.