HTGF et al. back Entelios

The capital will be used for further growth of the business.

The German investor was attracted to Entelios' solution model, which can synchronise industrial and commercial power consumption making it into a marketable product for utilities and power exchanges. HTGF says it is looking forward to working with the management on possibilities for further expansion.

Munich-based Entelios was founded in 2010. By partnering with commercial and industrial electricity consumers Entelios is aggregating their capability to reduce and shift energy consumption during certain times in order to reduce peak power demands.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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