The German energy company E.ON, which counts over 50 million commercial, residential, and industrial customers, has created a new EUR250 million ($265 million) investment fund called Future Energy Ventures to invest in "asset-light" tech startups. As utilities move to decarbonize their sources of energy generation they're coming to the realization that they will need exposure to a range of technology companies that can orchestrate, integrate, and manage power that's coming from increasingly distributed sources. It's a shift away from a century's worth of energy infrastructure that relied on large coal and natural gas plants for generating the electricity that powered homes and businesses.
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