The fund, formed by France-based utility GDF Suez in May, is focusing on decentralised energy and energy efficiency technology as traditional power generation loses its lustre.
GDF Suez New Ventures, the corporate venturing arm of France-based energy company GDF Suez, is looking to invest in energy efficiency and storage to reflect changes in the energy sector that have made traditional models less profitable, according to Giovanni Rivana, an investment manager at the unit.
GDF Suez launched the €100m ($125m) fund in May this year, following the lead of other large European utilities like RWE and EDF in establishing a venture fund. However, despite overseeing a substantial…
