This is an effort to address the rapid changes in the energy market.
Focusing on new technologies that can be adapted across the energy market value chain, the partnership will render a network between leading start-ups, corporations, and venture capitalists at the heart of Silicon Valley.
The focus areas include digital platforms and new business models in the energy market, energy efficiency, distributed energy resources; wind, solar, energy storage and microgrids, electric mobility, alternative energy, etc.
“This partnership with Plug and Play supports the implementation of our innovation roadmap for topics that address the changes in the energy market. Key targets include the reduction of emissions, the utilization of digital technologies and new business models, the increase of energy efficiency, and the management of the growing renewable install base, all embraced by the Energy and Sustainability Program,” said Bernd Wachmann, Head of Innovation of the Power and Gas Division of Siemens in a press release.