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In Foundries, Munich, Featured, Energy & Natural Resources, Sustainability, Announcements

SAP.iO Foundry Munich Launches Sustainability and Energy Management Program to Drive Startup Innovation

September 27, 2023 — SAP SE (NYSE: SAP) today launched a virtual startup program focused on sustainability and energy management at SAP.iO Foundry Munich. A jury of experts from SAP, alongside SAP partners and customers evaluated numerous applicants and selected 12 startups to join the program.

The energy and natural resources industries have undergone a significant transformation in recent years, moving from centralized fossil fuel-based operations to a more decentralized and diverse landscape powered by renewables. This shift has been driven by environmental concerns and technological innovations that promise to make extraction and processing more efficient, cost-effective, and sustainable. The movement requires companies to develop intelligent solutions for energy generation and storage, water management, and circular production processes, while striving for energy efficiency in their own operations.

During the five-month, equity-free program, SAP will work with the selected startups to integrate and jointly offer solutions for this new more sustainable reality. The startups will receive curated mentorship, access to SAP® technology and application programming interfaces (APIs), and exposure to SAP customers with the opportunity to develop high-impact proofs of concept.

The following startups are participating in the program at SAP.iO Foundry Munich:

  1. CibusCell provides a Software-as-a-Service (SaaS) platform to companies in the hydrogen value chain for analyzing potentials, digitizing processes, and optimizing production and collaboration.
  2. enercast provides accurate power generation forecasts that enable customers to efficiently operate their assets, ensure grid stability and increase their trading margins.
  3. envelio offers an intelligent grid platform that transforms power grids into digital, flexible and interactive smart grids.
  4. evergen provides an advanced energy management software platform that uses machine learning algorithms to optimize and digitize the use of renewable energy assets across the entire energy chain.
  5. EZZING offers digital solutions that optimize the entire value chain of the photovoltaic sector and solar energy in the field of distributed generation.
  6. greenventory builds a digital twin of a city or supply area and analyses its energy potential and uncovers future opportunities.
  7. HData helps companies access and analyze energy regulatory information instantly, reducing the burden of regulatory work while enhancing the business value of energy data analysis.
  8. Kerith supports companies to achieve maximal savings, secure their energy supply for the long term, and find the right strategy to realize their sustainability goals.
  9. Recyda analyses the recyclability of a company’s entire packaging portfolio according to leading industry standards and automates the calculation of EPR fees and plastic taxes for international markets.
  10. S1Seven provides a digital material passport that connects auditable quality and sustainability data.
  11. Sympheny provides evolved energy planning through optimized energy supply solutions for buildings and districts.
  12. Tronity helps companies gain full control over their EV data, benefitting from full transparency of their charging costs and take advantage of smart document management

For more information, visit https://sap.io/muc-f23/.

About SAP.iO
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.

In IoT Startup program, Featured, Energy & Natural Resources, Sustainability, Announcements, Shanghai

SAP.iO Foundry Shanghai Launches Modern Energy Startup Program

July 12, 2023 – SAP SE (NYSE: SAP) launched a startup program focused on modern energy at SAP.iO Foundry Shanghai. Eight startups have been selected to join the program, which focuses on artificial intelligence (AI) and the internet of things (IoT) as well as robotics and environmental, social and governance (ESG) to lead the sustainable energy transition together with SAP.

The energy sector is at a pivotal moment as the world strives to address the urgent challenges of climate change and achieve a more sustainable future. Reducing carbon emissions and ensuring secure and affordable energy supplies will require a transition from fossil fuel-based energy systems to net-zero carbon sources.

The SAP.iO program aims to support this mission. During the next five months, the selected startups will build and develop long-term partnerships with SAP by defining joint use cases and exploring product integration and various business development opportunities. SAP customers will also be involved in the program by evaluating opportunities for proof of concepts.

The following startups are participating in the SAP.iO Foundry Shanghai cohort:

  1. Blue Tax connects government departments such as the tax bureau and corporate human resources to solve corporate tax calculation and social security issues, increasing collaboration efficiency by more than 80 times.
  2. Carbongram aims to create a reliable and auditable carbon accounting infrastructure to help customers manage their own carbon emissions and that of their suppliers.
  3. Fei Liu Tech applies AI in the fashion supply chain to provide digital solutions that cover the entire industry chain, including smart manufacturing, supply chain collaboration and smart marketing.
  4. Inkelink focuses on new energy resources, promotes the digital upgrading of the industry, and develops the overall solution of digital smart factory and the Inkelink Industrial Internet platform.
  5. Matterhorn provides companies with Industry 4.0 solutions, such as workshop-level cyber-physical systems, intelligent data collection, robots with machine vision and intelligent assembly.
  6. MHP develops digital and innovative solutions for automotive and related manufacturing industries.
  7. O-tech is a one-stop shop for trade compliance and customs consultancy services, foreign trade management system development and operation.
  8. Skyco2.com provides monitoring, reporting and verification services for carbon emission data and carbon asset operation management to industrial, transportation and construction enterprises.

About SAP.iO
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.

In New York, CRM & Customer Experience

Obsess unveils Carbon Emissions Calculator for brands evaluating construction of new physical stores

Obsess has launched a Carbon Emissions Calculator for brands to analyse the energy output for bricks and mortar retail stores in comparison to their virtual counterparts.

The company has created 200+ virtual stores for brands including Ralph Lauren, Coach, NBCUniversal, American Girl, and Charlotte Tilbury.

Retailers can input into the tool flexible values for physical store estimates, including store square footage, daily foot traffic, and number of employees.

Based on these inputs, Obsess calculates the average output for store construction (including material production and transportation, and construction activities) and the average output for store operations (including employee labor, commute and store electricity).

Carbon emissions calculations are based on initial construction and one year of operations for both brick sand mortar and virtual stores. Outbound product shipments are not included in the calculation. Corporate employee and office operations have also been excluded.

Check out the calculator here.

Read More…

In San Francisco, Featured, Energy & Natural Resources, Sustainability, Announcements

SAP.iO Foundry San Francisco Kicks off Sustainability in Utilities, Energy and Natural Resources Program

October 21, 2021 — SAP SE (NYSE: SAP) launched a sustainability in utilities, energy and natural resources industries focused startup program at SAP.iO Foundry San Francisco. Six startups have been selected by a jury of SAP experts, partners, customers, and investment funds to join the program.

The startups in the program are using next generation technologies like artificial intelligence (AI), blockchain and internet of things to help businesses become more sustainable by providing deeper insights into processes, greater transparency and reducing waste in the supply chain. Over the next 16 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry San Francisco Fall 2021 program:

  • Bidgely accelerates a clean energy future by enabling utilities and consumers to make data-driven energy decisions.
  • Camus Energy empowers utilities and energy providers with system-wide visibility, forecasting, and advanced controls to balance local renewable supply with flexible demand for a distributed, zero-carbon future.
  • Empower incentivizes transparent and traceable collection, sourcing and recycling of plastic waste globally.
  • OilX is the world’s first digital oil analyst. It leverages satellite technology and AI to create a digital twin of the oil supply chain, from well-to-wheel.
  • Singularity Energy is a data and analytics company that helps customers reduce their carbon emissions.
  • SupplHi covers the vendor management activities from vendor scouting to vendor qualification, vendor performance evaluation and assessment of vendor financials, compliance and sustainability.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit https://sap.io/.

In Tel Aviv, Portfolio News, ERP & Finance

Pexapark’s new service to ‘close trading knowledge gap’ for corporates buying green energy

Pexapark, a provider of software and advisory services for a post-subsidy renewable energy world, has launched a new offering aimed at corporates, as an increasing number enter the market for renewable energy.

Last year saw record numbers of corporations purchasing clean power and that record is set to be broken again in 2021, as corporates increasingly turn to clean power for their energy needs.

According to Pexapark data, the number of corporates signing power purchase agreements (PPAs) in 2021 is up 37 per cent on 2020, year-to-date.

This shift is being driven both by energy-intensive industrial companies, such as manufacturers, for whom energy forms a large proportion of their costs, and consumer-facing corporates transitioning to renewable energy as part of their decarbonisation and environment, social and governance (ESG) goals.

As generators of renewable power are mitigating against merchant market risk by equipping themselves with the tools to negotiate 10 to 15 year PPAs, so too are corporations looking to go green with their energy consumption.

Traditionally, corporate buyers have procured energy over one to three-year terms, but in the new world of renewable energy trading, they are having to hedge procurement risk over much longer time periods.

With demand for renewable energy growing, consumer-facing corporates – such as retailers – are signing virtual PPAs for the first time to demonstrate that their operations are being powered by green energy.

Meanwhile, more sophisticated industrial energy buyers are increasingly turning to PPAs as they too face rising ESG pressure to decarbonise their value chain. This type of corporate organisation is capitalising on the added-value brought about by renewable energy which makes them more competitive and puts them in stronger negotiating positions for big industrial contracts.

To do this successfully, however, they need to fill the gaps in their existing energy trading expertise. PPAs are one way of doing this, enabling them to hedge against price volatility and reduce the cost of energy consumption.

Pexapark and its suite of quantitative and analytical tools, can help corporates understand the fair value of energy and how to price risks, in exactly the same way that sellers are having to in this new world of post-subsidy energy trading.

Pexapark’s pre-transaction advisory services to both experienced energy traders in industrial corporations, as well as those corporates seeking to ensure their operations are powered by renewable energy, by helping to compare different PPA structures and look at the overall value of PPAs across their total duration.

Rommero Carrillo, Head of Corporate PPA Desk at Pexapark, said: “As the global energy transition continues at pace, it is clear that corporates don’t want to be left behind and are increasingly turning to renewable energy to power their operations”.

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In Tel Aviv, ERP & Finance

Pexapark to accelerate the energy transition

More than 80 companies across Europe are currently using Pexapark’s Operating System, to manage, sell and buy renewable energy. Over the past 12 months, revenues tripled and the team grew from 20 to almost 50 members, a growth rate that is now recognized by the Innosuisse Certificate.

In 2017, the three co-founders Michael Waldner (CEO), Florian Müller (CTO) and Luca Pedretti (COO), established Pexapark driven by the mission to empower renewable energy players to thrive in post subsidy markets. The idea came up at a time when the renewable energy sector started undergoing a fundamental change with markets transitioning from a heavily subsidized system to an open market. Energy revenues are subsequently becoming volatile, technical and complex to manage, and investors are struggling to oversee their assets in an effective manner.

Headquartered in Schlieren, Pexapark has created a platform that offers investors a more effective solution to manage the energy sales of their wind farms and solar parks. Through its renewables operating system, Pexa OS, the start-up offers an all-in-one solution that helps clients to execute robust strategies for the sale of their renewable power via PPA (power purchase agreement) transactions and other hedging instruments through active portfolio and risk management software and advisory services.

Over 80 leading energy companies including Enel, Uniper, Encavis, RWE, BP and Abo Wind utilise Pexapark’s solutions to support their commercial renewable energy activities. Most recently, IKEA became one of a growing number of major corporates to sign a customer agreement with Pexapark, utilising its platform to support their green energy procurement strategy. Renowned industry giants including SAP.io and EEX have also joined the start-up’s partnership and collaboration agreements list. “Working with such reputable companies is an indication that we are addressing a major pain point in the sector. As the renewable energy industry continues to grow, we envision our start-up becoming a major player worldwide as the leading green energy trading platform,” says Waldner. Thanks to the continued trust by its customers, Pexapark has seen a threefold increase in revenues on a year-on-year basis.

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