(Sunnyvale/Graz, 6.12.2018) Energie Steiermark, the fourth largest energy company in Austria, has partnered with Plug and Play, the largest startup accelerator and corporate innovation platform headquartered in Silicon Valley. With over 10,000 startups and 280 official corporate partners, Plug and Play has created the ultimate startup ecosystem in many industries. Its Energy & Sustainability Program invests in and accelerates startups that can digitally transform the energy industry. Amongst others renowned energy companies, its partners include Panasonic, Siemens Power and Gas, ExxonMobil, Tokyo Gas, Linde Group, Dominion Energy, Pacific Gas and Electric Company, and CEPSA.
“With this partnership, we have secured access to the strongest global innovation network and the best startups in the energy sector,” states the executive spokesman of Energie Steiermark, Christian Purrer.
“We will use this relationship to further our innovation activities in Austria,” states Martin Graf, Board Director at Energie Steiermark. “As a first step of this partnership, we are currently exploring working with Australian startup Aurtra that offers a completely novel solution for monitoring the status of transformers.”
“We are proud to partner with Energie Steiermark and work with them in our global energy network. This will create unparalleled value for the international startups that want to introduce their solutions to the Austrian market. We look forward to this cooperation to continue creating value for our entrepreneurs to thrive,” said Wade Bitaraf, Founder and Director of Energy & Sustainability at Plug and Play.
About Energie Steiermark
Energie Steiermark (head office: Graz, branches in the Slovak Republic, Czech Republic, Slovenia and Germany) achieved a turnover of 1.05 billion euros in the year 2017 with 1747 employees and handles around 600,000 customers.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, and PayPal. For more information, visit www.plugandplaytechcenter.com
Photo (free of charge): Board members of Energie Steiermark Christian Purrer and Martin Graf with the Plug and Play Energy & Sustainability team and the Californian utility PG&E in Silicon Valley.
Mag. (FH) Urs Harnik-Lauris
Head of Corporate Communications
Energie Steiermark AG