Enel has announced the opening of its newest Innovation Hub in Boston at Greentown Labs, the largest clean-tech startup incubator in the United States.
The Hub will provide Enel, one of the world’s leading power companies, access to Greentown Labs’ startup community and innovation expertise. The Hub at Greentown Labs will help foster Enel’s relationships with the best startups across the US, as well as enable strategic partnerships that will help further decarbonise and digitise the Group.
“With this new Hub in Boston, we are continuing to grow our network of Innovation Hubs in the most forward-thinking communities around the world,” said Ernesto Ciorra, Enel’s head of innovation and sustainability (Innovability).
As part of Enel’s open innovation model, the Hub itself will be located within Greentown Labs, allowing for greater access and interaction between the company and startups. Enel is among only nine large member corporations to have a dedicated space and staff working out of Greentown Labs.
“We’re excited to be able to provide Boston’s startup community with the valuable resources that Enel has to offer,” said Dr. Emily Reichert, CEO of Greentown Labs.
Greentown Labs will help Enel scout for startups that present solutions capable of solving challenges across all of the group’s business lines. Selected startups will partner with Enel and receive support for the development of their technologies with access to all of the laboratories and the expertise of the group worldwide as well as the possibility to test their solutions in Enel’s plants and facilities. Startups collaborating with Enel can access a wide network of international partners and Venture Capital funds, and, most importantly, will have the opportunity to scale their solutions on Enel’s operations around the world.
The Enel Innovation Hub in Boston expands on the group's existing footprint in Massachusetts’ clean energy economy. Massachusetts is home to the North American headquarters of both Enel Green Power and Enel X –Enel’s newest global business line focused on the development of innovative products and digital solutions in sectors in which energy is showing the greatest potential for transformation: cities, homes, industries and electric mobility.
Boston marks Enel’s second location in the US and tenth globally. The other Enel Innovation Hubs are located in: USA (San Francisco), Italy (Catania, Milan and Pisa), Spain (Madrid), Russia (Moscow), Chile (Santiago), Brazil (Rio de Janeiro) and Israel (Tel Aviv).