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Change can’t be achieved without crossing province borders. The transition towards clean energy is a task that requires a European approach. That’s why ENERGIIQ, the energy innovation fund of the province of Zuid-Holland invests in the European smart energy fund SET Fund III.

European approach of the energy transition

SET Fund III invests in European early growth-stage companies that can impact the future of the energy markets worldwide. With this fund in fund investment, ENERGIIQ accelerates the transition towards clean energy and makes sure that Zuid-Holland is in the picture of European investors and entrepreneurs. It also ensures that ENERGIIQ is actively involved in European energy innovation developments.

ENERGIIQ is one of the investors in this third fund of SET Ventures, and joined forces with European Investment Fund, Korys, PTT Group Thailand, Shell Ventures, BNP Paribas, Sitra and BOM Brabant Ventures to make SET Fund III possible.

SET Fund III will primarily focus on companies that work on balancing the electricity grid, energy distribution and storage or energy saving.

Collaboration in knowledge and capital

Rene Savelsberg, Managing Partner SET Ventures: “We are very pleased with ENERGIIQ’S participation in SET Fund III. It is clear that ENERGIIQ, managed by InnovationQuarter, has a lot to offer to early growth stage companies impacting the future energy system based in the province of Zuid-Holland or those that want to land sufficient relevant business in the region. ENERGIIQ reflects our vision that focussing with deep understanding of the granularities of the energy sector will lead to the best investment decisions. Together we will contribute substantially to the reduction of CO2 both in the region as well as on a European level.”

Nienke Vledder, fund manager at ENERGIIQ:

Our investment in SET Fund III supports our search for technology that contributes to the energy transition in Zuid-Holland.

“In addition, the SET Ventures team is well-established and up to date on developments regarding energy transition. Warm ties with a reputable partner such as SET Ventures is valuable to energy companies in Zuid-Holland with both knowledge and capital.”