Jakob Assmann pitches smart green utility startup Polarstern
Ecosummit TV: Jakob Assmann pitches Polarstern at ECO12 Berlin. Polarstern is a German startup that positions as a retailer of green electricity and green gas. They have big plans and believe they can be more innovative than the big utilities because they are fast, smart and green. Polarstern is based in Munich, raised €350K and has 12 employees. Polarstern claims to be the first utility in Germany that can offer a green gas product at a competitive price as a result of having developed their own green gas trading system.
Moreover, Polarstern is on a global mission to foster the energy transformation. The utility startup provides households in developing countries with green energy for every new customer signing up in Germany.
Update: Polarstern won the German wind developer Projekt as new majority shareholder (50% plus 1 vote, funding amount undisclosed) back in July 2012 (German press release) and just told us that they are not looking for more investors right now. Of course, this may change in the future.