Centrica Innovations is the corporate venture arm of Centrica plc (British Gas parent, parent of Direct Energy). Est. 2017. £100m fund to invest in startups developing energy, smart home, EV charging & distributed energy tech. 23 portfolio cos across energy transition, connected home, electric transport. Based Windsor, UK. Seeks proprietary tech & new business models aligned w/ Centrica's decarbonisation & customer engagement strategy.
Investment Focus
Investment Thesis
CVC arm of Centrica (British Gas parent). £100m fund est. 2017. Invests seed-Series A in energy tech, smart home, EV charging, distributed energy, storage. Three models: strategic Series A+ deals (acquisition path), seed via Centrica Labs fund, direct M&A. Multi-hub: UK, US, Israel. Synergies w/ Connected Home (Hive), Distributed Energy & Power. Portfolio: 23 investments incl. Mixergy, Driivz, Grid Edge, Omnidian.
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