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Innogy's Innovation Hub grows portfolio more than 50% in 2018

Innogy SE announced that its Innovation Hub has created a €162 million portfolio as of December 2018, growing its value by more than 50%.

The Innogy Innovation Hub provides funding to technologies, ideas, individuals and businesses. The Essen, Germany-headquartered startup investor said it aims to be a "sector disruptor" as it sees a future driven by decarbonization, decentralization, digitization and democratization.

In 2018, the Innovation Hub invested in 61 companies through new and follow-on financing rounds.