For  release  3  February  2011  

   

 
 
Demand  Response  provider  Entelios  completes  successful  fundraising  
 
Entelios  AG,  a  European  energy  company,  today  announces  the  successful  completion  of  its  Series  A  
financing  round.  The  round  was  led  by  Yellow&Blue  Investment  Management,  a  Dutch  clean  energy  
investor,   and   High-­‐Tech   Gründerfonds,   a   German   venture   capital   investor.   Established   in   2010,  
Munich-­‐based  Entelios  is  the  first  nationwide  “Demand  Response”  aggregator  and  service  provider.  It  
has  since  taken  a  market  leading  position.  
 
Commenting   on   the   fundraising,   Oliver   Stahl,   founder   and   CEO   of   Entelios,   said:   “We   are   excited   to  
have  found  committed  investors  that  will  bring  their  in-­‐depth  knowledge  of  the  energy  industry  to  the  
table.   This   financing   round   provides   us   with   the   resources   to   grow   our   business   and   to   meet   the  
growing  need  for  capital  efficient,  green  solutions  which  ease  the  pressure  on  the  power  grid.”  
 
Entelios   is   partnering   with   commercial   and   industrial   electricity   consumers,   aggregating   their  
capability  to  reduce  and/or  shift  energy  consumption  during  certain  times  (peak  shaving).  This  helps  
utilities,   grid   and   system   operators   to   reduce   peak   power   demands,   balance   intermittent   power  
generation   from   renewable   sources,   avoid   grid   congestions   and   reduce   the   need   of   fossil   fuel   power  
plants.   Grid   operators   and   utilities   pay   Entelios   for   providing   Demand   Response   capacity   (MW   under  
Management)  by  managing  the  consumption  patterns  of  industrial  and  commercial  customers.    
 
Demand   Response   will   play   a   significant   role   in   the   smart   grid   and   will   help   to   meet   current   and  
future   challenges   in   German   and   wider   European   electricity   markets.   According   to   Thomas   Schulz,  
co-­‐founder  and  COO  of  Entelios  “Demand  Response  is  the  fastest,  most  capital  efficient  and  carbon  
neutral   way   to   strengthen   the   power   grid.   It’s   the   most   elegant   solution   to   the   pressing   energy  
problems  –  Entelios  aims  to  become  an  essential  part  of  Germany’s  energy  mix.”    
 
Demand  Response  is  a  process  and  service  offering  able  to  synchronize  electric  power  consumption  
of  industrial  and  commercial  customers  with  the  intermittent  power  generation  of  renewable  energy  
sources.   The   business   model   is   proven   in   the   United   States   where   companies   like   EnerNOC   and  
Comverge   operate   in   a   potential   $4   –   5   billion   market,   managing   demand   response   capacity   of  more  
than  30,000  MW.
 
In   a   joint   statement,   Albert   Fischer,   managing   director   of   Yellow&Blue,   and   Holger   Heinen,  
investment  director  of  High-­‐Tech  Gründerfonds,  added:  “As  an  independent  operator  Entelios  is  at  
the  forefront  of  Demand  Response  in  Germany.  The  team  has  developed  an  impressive  solution  that  
can  synchronize  industrial  and  commercial  power  consumption  making  it  into  a  marketable  product  
 Entelios  AG  —  Demand  Response  for  Germany  and  Europe  
for  utilities  and  power  exchanges.  We  are  excited  about  the  prospect  for  further  expansion  and  look  
forward  to  working  with  the  team.”  
-­‐  Ends  -­‐  
Entelios  AG  
Founded   in   2010,   Entelios   is   the   first   nationwide   Demand   Response   (DR)   aggregator   and   service  
provider  in  Germany.  Headquartered  in  Munich,  it  is  signing  up  commercial  and  industrial  electricity  
consumers,  aggregating  their  capability  to  reduce  energy  enabling  utilities,  grid  and  system  operators  
to   shave   peak   power   demands.   Entelios   was   founded   by   Oliver   Stahl,   Thomas   Schulz,   and   Stephan  
Lindner,  an  experienced  entrepreneurial  team  with  a  track  record  of  successful  start-­‐ups  and  exits.  
The  management  team  has  extensive  experience  in  the  energy,  cleantech  and  ICT  industries.    
 
Yellow&Blue  Investment  Management  B.V.  
Yellow&Blue  Investment  Management  is  an  independent  venture  capital  firm  specialising  in  
development  stage  clean  energy  investments.  For  further  information  see:  www.yellowandblue.nl.    
 
High-­‐Tech  Gründerfonds  GmbH  &  Co.  KG  
High-­‐Tech  Gründerfonds  invests  risk  capital  in  young,  high-­‐potential  technology  companies  that  
convert  promising  research  results  in  business  success.  The  seed  finance  provided  aims  to  enable  
start-­‐ups  to  take  their  R&D  project  through  to  the  creation  of  a  prototype,  a  proof  of  concept  or  to  
market  launch.  High-­‐Tech  Gründerfonds  provides  EUR  500,000  of  the  seed  finance  and  may  invest  up  
to  a  total  of  two  million  euros  per  business  in  subsequent  rounds.  Investors  in  this  public/private  
partnership  are  the  German  Federal  Ministry  for  Business  and  Technology,  the  KfW  Banking  Group  as  
well  as  the  six  industrial  groups  of  BASF,  Deutsche  Telekom,  Siemens,  Robert  Bosch,  Daimler  and  Carl  
Zeiss.  High-­‐Tech  Gründerfonds  has  a  fund  volume  of  about  272  million  euros.  
 
Dagmar  Metzger   dagmar.metzger@wordstatt.de    
Wordstatt  (for  Entelios  AG)   +49  89  35775790  
   
Albert  Fischer    
Yellow&Blue   +31  88  0102400  
   
Holger  Heinen    
High-­‐Tech  Gründerfonds   +49  228  82300-118  
   
Matt  Ridsdale     mridsdale@tavistock.co.uk    
Tavistock  Communications   +44  20  7920  3150  
 

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