Exit from Envelio

The start-up creates a digital twin of energy grids, and now Eon is acquiring a majority stake in the Cologne-based company.

The energy group Eon has acquired a majority stake in the Cologne-based start-up Envelio. The software company has already been working with the distribution grid operators Westnetz and E.dis, which belong to Eon, for three years. Envelio makes it possible to create a digital twin of the energy grid in order to coordinate it based on real-time data. The Cologne-based company will remain an independent company.

For Eon, the investment is part of its efforts to "create an open digital energy ecosystem", as stated in a press release. "With Envelio and its dedicated management team, we are securing another key technology that will enable energy companies to manage their energy networks more efficiently," says Victoria Ossadnik, member of the Eon Executive Board responsible for digital affairs. "An important technology for Eon and other utilities to master the energy transition."

Envelio is a spin-off from RWTH Aachen University and has a team of over 70 employees. Founder Simon Koopmann says of Eon's investment: "We are very pleased about the new strategic partnership with Eon, as it will enable us to further scale our technology and jointly develop the new standard for digital grid management."