18 July 2024

Elia Group invests in SET Ventures to support digital innovation in the energy sector

Elia Group is investing €12.5 million in SET Fund IV, a €200 million international venture capital fund managed by SET Ventures. This capital will be invested progressively over the next 4 years in European start-ups that are developing digital technologies and services and are mature enough to be scaled up.

By participating in the investment fund, Elia Group is aiming to identify new innovations and companies that will help to accelerate the digitalisation of the electricity system via digital solutions that will unlock more flexibility from across the system and so benefit it.

This is the very first time that Elia Group is participating in a venture capital fund. The investment is being carried out by the holding company and is therefore separate from the Group’s regulated activities (which are covered by consumer electricity bills). By collaborating with promising start-ups, Elia Group will be staying up to date with the latest trends and newest innovations.

Besides Elia Group, other participants in the fund include the European Investment Fund, ABN Amro, Triodos Bank, a.s.r., Carbon Equity and private (family) investment funds.



Yannick Dekoninck
Head of Capital Markets
Boulevard de l'Empereur 20 B-1000 Brussels                             
Marleen Vanhecke
Elia Group Head Communication & Reputation
Stéphanie Luyten
Head of Investor Relations
Boulevard de l'Empereur 20 B-1000 Brussels                         
This website uses cookies to provide you with an optimal browsing experience. Some cookies are strictly necessary for the operation of this website and cannot be rejected, while others are used for analytical/functional/targeting purposes and can be rejected. For more information, please consult ourCookie Policy. You can manage/change your cookie preferences at any time. If you do not manage your preferences, only the cookies which are strictly necessary will be accepted.