Centrica Innovations

What is Centrica Innovations?

Centrica Innovations operates as the venture capital arm of Centrica plc, a multinational energy and services company.

As a Corporate Venture Capital (CVC) entity, they focus on investments that align with Centrica's overarching objective of transitioning to a more sustainable energy future. Their investment thesis centers on backing innovative technologies and business models that can substantially contribute to this transition, creating value both for Centrica and the broader energy industry.

Through stakeholder engagement and strategic partnerships, Centrica Innovations leverages Centrica's extensive energy industry experience, market access, and technical know-how to support their portfolio companies in scaling their operations and achieving greater market penetration.

The firm's interests span various dimensions of the energy sector, including sustainable and renewable energy technologies, smart home products, efficient energy solutions for businesses, and maintenance services that contribute to energy conservation and management.

Through Centrica plc's diverse business units, such as British Gas, Bord Gáis Energy, Centrica Business Solutions, and Centrica Energy Upstream, Centrica Innovations is uniquely integrated across the UK energy industry, possessing a multifaceted perspective on the trends and opportunities within the energy space.

These business units are engaged in activities ranging from residential and small business energy supply, connected home device solutions by Hive, specialist services by Dyno, and energy solutions for social housing by PH Jones, to large-scale energy assets management and global energy trade by Centrica Business Solutions and Centrica Energy.

The fund is committed to making strategic investments in visionary companies that share Centrica's commitment to 'energising a greener, fairer future,' thus facilitating progress towards net zero targets and addressing some of the most pressing challenges in the energy landscape.