News

PGE Ventures invests in Altlight

22.08.2018

PGE Ventures is a part of PGE Group. It is a corporate venture capital fund aimed at investing in startups operating in energy-related industries. Its investment profile is complementary to PGE main activity, that is optimization of power generation and distribution processes, energy storage, clean generation processes, ITC solutions for energy industry, raw materials enrichment and waste management.

Lately PGE Ventures has made a very spot-on ivestment in Altlight – a startup that manufactures high quality smart home solutions, including advanced, inexpensive and user-friendly  control systems for home appliances. Their interesting feature is monitoring electrical energy quality. INNOventure has made an early-stage investment in this project, which allowed the company to register, equip the laboratory and develop the prototypes. Now, in cooperation with PGE Ventures, the project is entering the next stage of development, aimed at effective commercialization of company’s technology.