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Monday, October 31, 2022
Repsol, through its investment vehicle Repsol Deep Tech, invests in the technology start-up Smarkia, together with MN8 Energy, one of the largest renewable energy companies in the US, founded within Goldman Sachs Assets Management.
Repsol will transfer energy optimization technology based on artificial intelligence in addition to providing capital – a milestone in the investment ecosystem .MN8’s entry into Smarkia’s shareholding aligns with its strategy of investing in technologies that allow it to offer differential services to its customers, such as a storage management system for renewable generation plants.
Committed to sustainability, the three companies will collaborate in developing energy management systems to boost efficiency and savings.
Repsol has found in Smarkia’s technology platform a perfect complement to enhance the technology developed in its innovation center Repsol Technology Lab over the last few years. Now, researchers from both companies will share their experience in the digitalization of energy management to enhance current developments, using technologies such as artificial intelligence, the internet of things and edge computing.
In turn, this combination will allow Smarkia to position itself at the forefront in innovative sectors such as flexibility markets or the optimization of renewable energy generation.
MN8’s entry into Smarkia’s capital aligns with its strategy of investing in technologies that allow it to offer digital solutions that help its customers’ energy transition. In addition, MN8 Energy has one of the largest solar portfolios in the US, with 850 solar projects and an installed capacity of more than 2.6 GW, which makes it a key player in this collaboration, thanks to its experience in the operation of renewable energy assets.
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