Energy

The utility's corporate venture arm, National Grid Partners, is reserving $100m for AI deals as it looks to tackle electrification and the energy needs of data centres.

With a more-than-$200m fund on the horizon, rEnergy Partners is looking to write big cheques with an eye on profitability.

Some 37 corporate-backed startups were bought in February in sectors ranging from semiconductors and skincare to pharma and robots.

There were 42 corporate-backed startup funding rounds in China in February, up 27% from the previous month. Most of these were backed by Chinese tech giants such as Tencent and Baidu.

Mitch Gainer has become director at NextEra Energy Investments.

rEnergy Partners, the newly independent CVC of BayWa r.e., will continue managing its portfolio while backing early-stage cleantech startups.

Course has resigned as digital innovation program manager at Shell Ventures.

Siemens Energy Ventures has promoted one team member and recruited two more to work on its cleantech investments and venture clienting.

Investor interest in self-driving cars is booming again as commercial services have started operating. These are some of the opportunities that are emerging.

Anil Achyuta has taken on a partner role at venture capital firm Energy Impact Partners.

From digital twins to superconducting transmission lines, energy companies are looking technologies to bring more renewable generation onto the grid.