EDF invests in smart grid start-up Actility


Olivier Hersent,
CEO, Actility
Paris, France — (METERING.COM) — October 8, 2012 – EDF, through its investment fund Electranova Capital, is investing venture capital into the French smart grid technology start-up, Actility.

The Lannion-based company has developed an innovative and standardized communication platform which enables the remote control of electrical appliances such as computers, heat and security sensors among other things. This platform allows users to measure, predict and control the electricity consumption of electrical appliances in industrial settings more effectively. This is a new tool which will effectively limit the electricity consumption of such equipment during peak consumption periods, thereby reducing the peak load on power stations, which produces the most CO2.

The Actility platform also provides solutions for the smart homes of tomorrow, promoting, among other things, better energy management for individuals.

“Gaining EDF’s support, via Electranova’s involvement in our company’s growth means that Actility is confident in its ability to be able to develop this new and innovative platform,” said founding CEO, Olivier Hersent.

Electranova Capital, which has a minimum investment capacity of €60 million, was launched in May 2012 by EDF, with support from Allianz and in partnership with Idinvest Partners. Its aim is to encourage the emergence of innovative projects using new technologies, in order to embrace the challenge of a low carbon energy model.

In addition to the investment in Actility, the second of the fund’s first investments is in the Norwegian company Seatower, which has developed gravity base foundations for placement of offshore wind turbines.