NewswireToday - /newswire/ -
Paris, Ile-de-France, France, 2014/05/20 - GDF SUEZ is launching GDF SUEZ New Ventures, an investment fund to provide financing by the Group for innovative startups - GDFSUEZ.com. FR0010 208488
The 100 million fund is part of the new GDF SUEZ endeavor to support innovation and develop new business in the energy sector undergoing rapid changes.
Promoting energy transition
The main objective of the fund is to support innovative, value-generating startups (new technologies, business model, etc.) likely to provide innovative services applicable to the energy transition. The fund will first focus on Europe, North America, Asia, and Israel, and will eventually have a global reach.
The targeted sectors are:
Energy control and load management;
Cities, regions and mobility;
Decentralized power production and storage.
Minority equity positions
The Group is interested above of all in startups that are seeking an industrial partner to test operational application of their innovations. GDF SUEZ selection process is based on strict financial criteria that may lead to taking a minority equity stake in qualifyed startups.
The GDF SUEZ New Ventures Board of Directors met for the first time on May 19, 2014. The fund will be headed by Jean-Louis Blanc, member of the GDF SUEZ Executive Committee and Commercial Director for the Groups Innovation and Group New Businesses division.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up todays major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 147,200 people worldwide and achieved revenues of 81,3 billion in 2013. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investor Relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.