Plug and Play Partners with Siemens to Launch New Energy & Sustainability Innovation Platform

The collaboration with Plug and Play as a member in the new energy program is a key initiative for Siemens to develop the relationship with leading startup companies in the energy and adjacent markets.

Siemens is participating in the newly founded Plug and Play Energy & Sustainability Program, which focuses on new technologies that can be adapted across the energy market value chain. This program renders a network between leading startups, corporations, and venture capitalists at the heart of Silicon Valley. Siemens joins the platform to identify startups for collaborative projects. Technical focus areas include digital platforms and new business models in the energy market, energy efficiency, distributed energy resources; wind, solar, energy storage and microgrids, electric mobility, alternative energy, etc.

“The collaboration with Plug and Play as a member in the new energy program is a key initiative for Siemens to develop the relationship with leading startup companies in the energy and adjacent markets. We are passionate about this partnership and the opportunities that come with the connection to this global ecosystem,” says Zuozhi Zhao, Chief Technology Officer of the Power and Gas Division of Siemens.

“This partnership with Plug and Play supports the implementation of our innovation roadmap for topics that address the changes in the energy market. Key targets include the reduction of emissions, the utilization of digital technologies and new business models, the increase of energy efficiency, and the management of the growing renewable install base, all embraced by the Energy and Sustainability Program,” says Bernd Wachmann, Head of Innovation of the Power and Gas Division of Siemens. “With its global customer base, its broad portfolio and the global sales channels Siemens offers huge opportunities for startups.”

“Plug and Play has built the critical mass and developed the know-how to foster startup innovation in partnership with the leading corporations around the world. Our partners in the energy sector have line-of-site into the emerging technologies across various sectors like finance, automotive, retail, new materials, etc. The Energy platform serves to find new technologies in artificial intelligence, predictive maintenance, blockchain, data analytics, machine learning, supply chain optimization, Industrial IoT, asset tracking, cybersecurity, and more in order to adapt them for the energy sector,” says Wade Bitaraf, Director of Plug and Play Energy & Sustainability.

Plug and Play Energy & Sustainability will run 12-week business development programs twice per year, accepting up to 20 startups per class. This program is stage-agnostic and does not require equity or fees from the startups to participate.

Source: PRNewswire