NEoT Capital (“New Energy of Things”), is the first ever international company dedicated to funding distributed renewable energies and electric mobility.
Founded by several leading companies including EDF and Forsee Power, NEoT Capital was created to fill a specific need: that of large scale funding to support the global development of distributed renewable energies and electric mobility that has been made possible by the rapid evolution in energy storage technologies, and batteries in particular.
These leading companies decided to join forces to accelerate the development of these new solutions in the transition to clean energy through an unprecedented and unique scheme that meets two major challenges:
- Financial challenges: these solutions are profitable in the long term but stress the current investment budgets of users and operators
- Technological challenges: these solutions incorporate new technologies that demand specific expertise that may be too risky in the eyes of users and operators
“These solutions (distributed renewable energies and electric mobility) are becoming profitable without the need for subsidies, but they require major long term investment that is not generally the customer’s priority. Furthermore, these business models are generally difficult to finance as they are highly fragmented, involving innovative technology and requiring a real understanding of customers’ energy profiles. NEoT Capital is setting out to overcome these funding challenges”, explains Pierre Devillard, CEO of NEoT Capital.