PGNiG invests millions in startups

 Poland's largest gas company, PGNiG, strongly emphasizes research, development, and innovation, allocating hundreds of millions of zlotys annually. Its investment fund also finances innovative companies with the potential to transform the energy sector. The most promising areas include energy efficiency in its broadest sense, technologies related to the Industrial Internet of Things, and energy infrastructure monitoring.

"Technologies are the answer to the challenges of energy transformation. However, scaling up technology solutions in the energy industry requires very high levels of investment," Małgorzata Piasecka, CEO of PGNiG Ventures, emphasized.

PGNiG Ventures seeks solutions that will make a real contribution to the development and competitiveness of energy sector companies. 

"We want the solutions we invest in applying to the companies of the PGNiG Capital Group. Therefore, we are guided by the fact that they should meet the organization's needs," Małgorzata Piasecka added.

So far, the PGNiG Ventures fund has invested in such entities as ICsec, a producer of solutions for cyber security, and Enelion - a producer of chargers for electric cars. One of the most recent investments in PGNiG Ventures' portfolio is the technology company Reliability Solutions, which offers a solution based on artificial intelligence for failure prediction and optimization of production processes. 

(Newseria)