Smart green business TV
Ecosummit TV features Europe’s leading smart green startups, VCs and corporates in HD quality. Ecosummit TV is official YouTube partner and looks beautiful on big and small screens. The Ecosummit TV channel surpassed 120K video views and provides over 260 videos of which 10 highlights are presented below. To view all videos please go to Ecosummit TV on YouTube or browse the articles on Ecosummit. Ecosummit TV is produced by Gernot Tögel and Jan Michael Hess. Anna Yukiko Bickenbach moderated the interviews at ECO14 Berlin and ECO13 Berlin. Thank you for watching Ecosummit TV!
Gina Domanig chats with Jan Michael Hess about being a smart green VC
Gina Domanig is a pioneer of cleantech venture capital. She got started in 2000 after a tempting call from a headhunter. Since then, Zurich-based Emerald Technology Ventures raised 3 funds and has got €370M of assets under management. Gina likes being a smart green VC because it is a multi-dimensional job involving technology, finance, industrial applications, transactions and, most importantly, lots of smart and inspiring people. It is also a tough job because you have to be available all the time for your portfolio and LPs. Gina travels almost every week, spends 50% of her time with the portfolio companies and the rest with investors, dealflow and fund management. In today’s environment, VCs have to be very involved in securing the ongoing financing of a startup, helping them recruit the best team and making the connections with the relevant corporates who may become customers, partners or even acquirers when it’s time for an exit. Next to the startups, the real customers of the VC are the investors. The majority of Emerald’s LPs are corporates whose key motivation for fund investments is fostering open innovation.
Anna Yukiko Bickenbach interviews ECO14 Berlin participants
Ecosummit TV moderator Anna Yukiko Bickenbach interviews Hans Maenhout (Finindus), Alexander Bigge Lidgren (Swedish Energy Agency), Robert Czaja (Tesla), Gina Domanig (Emerald Technology Ventures), Christian Huder (Freelance Consultant), Alexander van Os (Yellow&Blue), Nils Aldag (Sunfire), Jay Marathe (Cartagena Capital), Björn Petersson (Ecosummit Ambassador), Eva Bjorseth (Oceanshore Ventures), Andriy Shmyhelskyy (CareToSave) and Jan Michael Hess (Ecosummit).
Philipp Schroeder pitches Tesla
ECO14 Berlin partnered with Tesla to provide Model S test drives and first-hand insight into the automotive future invented in California. Following a 100% electric strategy since its foundation in 2003, Tesla forces the big automakers to accelerate their electric transformation, too. In February, Philipp Schroeder joined Tesla from Sonnenbatterie and now manages sales and business development in Germany and Austria. At ECO14 Berlin, Philipp agreed that Tesla is on its way to become the most valuable car company in the world. When we wrote about the super hero of the smart green economy in May 2011, Tesla was valued at $2.6B. On 30 November 2014, it has a market cap of $30.6B and expects to deliver 33.000 cars to its customers in 2014. BMW, the German car maker with the strongest electric mobility strategy thanks to the purpose built EVs i3 and i8 and the inhouse carbon fiber production, is valued at $60.3B delivering 2 million cars this year (BMW investor presentation Nov 2014). When Tesla’s Model III, priced at $35.000, starts racing against the BMW 3 series in 2017, we will find out quickly how car drivers really think when making their next purchase decision.
Anna Yukiko Bickenbach interviews ECO13 Berlin participants
Ecosummit TV moderator Anna Yukiko Bickenbach interviews Lillian van Someren Greve (Ecosummit Ambassador), Andreas Spiess (Solarkiosk), Josefine Ahl (Oricane), Fujio Kojima (Pirika), Alexander Lidgren (Swedish Energy Agency), Tarja Teppo (Cleantech Invest) and Jan Michael Hess (Ecosummit). In the course of 6 successful conferences since 2010, we have managed to build a strong community of cleantech startups, investors and corporates that enjoy honest conversations and productive networking at our events. It feels like a family.
Christoph Ostermann pitches Sonnenbatterie
Sonnenbatterie (solar battery) integrates energy storage with residential PV systems. The intelligent storage solution has got a built-in smart meter that enables the management of local energy production and consumption. By using a mobile app the houseowner decides whether to feed-in or directly consume the homemade electricity. Sonnenbatterie is backed by eCapital and their sales curve looks beautiful. Founded in 2010, Sonnenbatterie launched in 2011 and enjoys over €15M revenues in 2013. At ECO13 Berlin, Sonnenbatterie won the Ecosummit Award Jury Bronze medal in recognition of their outstanding business potential. Christoph and his team of Bavarian grid parity surfers are one of the hottest cleantech startups in Germany.
Patric Gresko pitches European Investment Fund
Patric is the EIF‘s resident Mr. Cleantech who wants to increase the support for cleantech VCs. In particular, the EIF is interested in training and funding first-time management teams as a way to grow the number of active cleantech investors in Europe. The EIF is Europe’s leading fund-of-fund with €12B of assets under management of which €3.8B go into early stage VCs. Since 2006, €280M were invested in 12 pure play cleantech funds managed by 9 fund managers (VC firms). Recently, the EIF launched the Corporate Innovation Platform (CorIP) to raise capital from corporates that have adopted an open innovation strategy and want to take advantage of EIF’s comprehensive fund investment experience. One of CorIP’s investment themes is sustainability (cleantech) to which 10 corporates contribute €100M and the EIF €50M. In total, €150M with embedded corporate expertise will be invested in the best cleantech funds in Europe.
Harry Böhme tells the exit story of Novaled
Founded in 2001, the Dresden-based startup is a world leader in OLED (Organic LED) materials and Samsung is the biggest customer. In September 2011, Corporate VC Samsung Ventures invested and Novaled‘s management made sure to limit Samsung’s stake and control to 10%. 2 years later, Samsung Cheil Industries (aka Samsung Chemical) and Samsung Electronics acquired the remaining 90% for €260M, including an earnout of €30M bound to reaching further milestones. Novaled’s revenues grew from €10M in 2010 to €26M in 2012 (price sales ratio of 10). With €29M of venture capital injected in Novaled the returns are pretty healthy.
Henrik Olsen pitches Environmental Technologies Fund
Henrik Olsen talks about how to build capital-efficient companies that have big environmental impact. Fuel is running out – we have limited resources. Consequentely, everybody in the cleantech startup and investor community tries to make better use of these resources. In fact, capital is also a limited resource and that’s why we need to use it very productively. During the last years, the number of investments has grown but with smaller amounts of capital – a good proof that the whole industry is working on using money more efficiently. According to Henrik, being capital efficient means executing scalable business models while acting in an adaptive, disciplined and resource efficient way. In general, Europe is capital efficient out of necessity as the capital available is not as abundant as in the US. After the first closing of ETF’s second fund, Henrik enjoys liquidity again and has got €70M to invest in Europe. As Henrik is a capital efficient VC, more than one startup should be able to tap into his cleantech fund.
Solar guru Eicke Weber is optimistic
Prof. Eicke Weber, Director of Fraunhofer ISE, is very optimistic about the future of the solar industry. Firstly, the PV cost curve is going down continuously. Even in Germany with Alaska-type sunshine, we can produce electricity with silicon-based PV for 10-12 cents/kWh. At this cost level, grid parity is already outperformed since 1 kWh costs 22 cents (net) in Germany if you buy it from your local utility. Making your own electricity and storing it in a solar battery is a smart economic idea. Secondly, the global solar market will grow 10 times from 30 GW/year in 2012 to 300 GW/year by 2025. At the same time, higher efficiencies and lower production costs make PV competitive with onshore wind and hydro power. The current oversupply of 60 GW/year is a temporary phenomenon that causes trouble for PV manufacturers for another 1-2 years. Afterwards, Europe should reenter the PV industry with a “multi-GW solar Airbus project” to drive the enormous PV industry again as a technology leader.
Smart green corporate venture capital panel at ECO13 Berlin
Tim Lafferty of Global Corporate Venturing moderates the smart green corporate venture capital panel featuring Susana Quintana-Plaza (E.ON), Alexander Schlaepfer (Aster), Philippe Ringenbach (Electranova) and Tom Schulz (Entelios). Being an important pillar of the open innovation strategy of multinationals, corporate venture capital is a big trend as 500 new CVC units were created in the last 3 years. At least 10% of the CVCs are active in one or several of the cleantech sectors. Next to money, CVCs offer strategic value through market access and technological expertise.