Climate Change Capital Private Equity invests €10 million in Power Plus Communications
Power Plus Communications has gained a new investor. We welcome Climate Change Capital Private Equity (CPE) as our new shareholder. The investment shows the outstanding role of PPCs Broadband Powerline Communication (BPL) technology as key for the conversion of of traditional power networks into smart grids. The funding constitutes a major milestone our goal to become a leader in the rapidly growing smart grid and smart metering market. Our new partner CPE manages a €200 million clean tech private equity fund, which is one of the world’s largest private equity funds dedicated to clean tech.
Smart energy networks so called smart grids are, together renewable energy generation and energy storage technologies, considered as the main pillar for the further development of the energy distribution systems. Smart grids are promising an enormouse potential for energy savings, increasing energy efficiency and a reduction of carbon emmissions. Smart metering, today demand by most of European governments is just a first step towards a complete conversion of energy networks into smart grids and. Broadband Powerline Communication (BPL) technology is key for this process.
Power Plus Communications wins E-Energy competition
A consortium of Power PLUS Communications, MVV Energie AG, IBM and other leading German companies and organizations has won the "E-Energy" competition of the Federal Ministry of Economics and Technology with the proposal "Model city Mannheim". The project, with a total budget of Euro 20 Million, will be founded by the ministry with Euro 10 Million.
The aim of the "Mannheim model city" project is to build up an intelligent energy grid in Mannheim which connects on a real time base electricity, gas, water and district heating producers and consumers by a broadband powerline communication (BPL) infrastructure.