E.ON, a Germany-based energy company, following its merger with peer Innogy has rebranded its corporate venturing unit Future Energy Ventures.

E.ON announced its plan to acquire Innogy, a spin-out from power business RWE, in March 2018 and the deal was completed in June this year with assets flowing back to RWE in return.

A merger of E.ON Innovation Scouting and Co-Investments and Innogy Ventures, Future Energy Ventures has a €250m ($265m) investment fund and will invest in “digital technologies and digital business models redefining the energy landscape”.

Ines Bergmann-Nolting and Jan Lozek are co-managing partners of the fund, which typically focuses on digital, scalable and asset-light companies seeking series A round and beyond funding.

Lozek was former managing director of innovation at Innogy, while Bergmann-Nolting was head of E.ON Innovation Scouting and Co-Investments.

It is a good platform to include senior leaders from both units given the portfolio, including Bidgely, Holobuilder, Intertrust, Thermondo and T-Rex, is built from both sets of investments. Still, there is always upheaval when two worlds collide and Matthias Engel and Thomas Thomas as former managing directors at Innogy Ventures have yet to have new roles announced.

But as the energy industry transitions so the upheaval and opportunities for other industry players will increase. Read more in this month’s Global Corporate Venturing magazine on the energy sector and our quarterly report by Kaloyan Andonov and register for our climate tech webinar hosted by Helsinki Business Hub next Thursday. Register now: https://lnkd.in/e8hmeNw