Top 20 Spanish Energy startups to be followed by corporates and investment funds in 2021
The energy transition has an economic potential of 8.7 trillion euros and 395 million jobs, of which the energy area could generate 87 million jobs and 3 trillion euros in the next decade.
In fact, in the NextGeneration EU, the largest amount of the nearly 27 billion coming from the European coffers corresponds to the Ministry of Ecological Transition and Demographic Challenge, which has the competencies in energy.
Energy investment is rapidly shifting towards renewables. As a result, investment in oil and gas declined while renewables maintained their investment despite the pandemic.
An energy Investment in which the technology giants are also entering, and they are aware of the ecological footprint of their facilities and data centers.
The growth of investment in energy projects is also transferring to startups. In 2020, $7,516 billion was invested in startups in this sector. Although, this is an intensely specialized investment sector.
In Spain, most of the country’s major energy companies or infrastructures managers have their investment vehicles to support startups o sound out the market in search of technologies that can complement their business.
Executives from initiatives such as Repsol Corporate Venturing, Enagás Emprende, Iberdrola, Naturgy, Enel Innovation Hub, Red Eléctrica, EIT InnoEnergy, BeAble Capital, etc. have shared with Business Insider Spain their recommendations for energy startups to follow at this time, and among them, they have chosen us!