Many of the world's largest utility companies and their corporate venture arms are investing in everything from new technologies to alternative energy.
Over the past several years, the energy industry has seen an influx of changes — bringing new responsibilities to traditional grid models.
Balancing loads from alternative energy sources — like solar power — requires grids to improve infrastructure. In addition, the retirement of “dirty energy” sources — like coal peaker plants — is causing a greater dependence on electricity pulled from utilities.
Customers now also have the option of turning to microgrids, which are smaller in size compared to traditional electric power grids, and can provide energy independent of central grids.
In such a drastically changing energy sector, major utility companies are vying to keep up— from investing in alternative energy sources to finding ways to integrate and improve the grid.
Using CB Insights data, we analyzed the investment activity of select utility companies and their corporate venture capital arms (CVCs), as well as the key trends that are emerging among their investments.