Founded in 2001 and based in Mannheim, Germany, Power Plus Communications provides distribution network operators and utilities with broadband powerline communication systems for smart metering and smart grids. Its customers include leading European DNOs and utilities such as E.ON, WPD, EnBW, MVV Energie AG, Stadtwerke Düsseldorf, DEW21 (Dortmund) and Stadtwerke Ratingen. The company closed a €12m Series B funding round led by Climate Change Capital with participation from British Gas and Siemens Financial Services. It intends to use the funding to accelerate market growth in Germany, across Europe and in the Middle East. In conjunction with the funding, Dr Detlef Pohl of Siemens Financial Services and Mr Petter Allison of British Gas will join the company’s supervisory board.

Total raised

$15M

Funding rounds

1

Latest round

Series B

Latest activity

Jun 2012