June 27, 2019 - 2:00 AM EDT
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METRON Raises an Additional EUR 10 Million of New Capital

In less than a year, METRON, a key player in energy intelligence, has raised more than EUR 20 Million to support its international growth and the development of its AI-driven digital solutions for industries

PARIS, June 27, 2019 /PRNewswire/ -- METRON, an innovative French company in energy intelligence for industries, has announced a new EUR 10 Million fundraising with NTT DOCOMO Ventures (Tokyo), StatKraft Ventures (Dusseldorf) and its current investors BNP Paribas (Paris) and Breed Reply (London).

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Vincent Sciandra, CEO and Co-founder of METRON, states: "We are pleased to welcome  as new shareholders NTT and Statkraft ventures, two leading international investors, as well as further investment particularly from BNP Paribas Energy Transition Capital. The profile of our shareholders, which also include Breed Reply, an IoT investor, Financiere Fonds Prives and Airflux, perfectly reflect our strategy. We want to provide manufacturers with our digital platform so that they can take control of their energy management, independently and wherever they operate in the world, as Danone is currently doing with us."

STRATEGIC, COMMERCIAL AND TECHNOLOGICAL BREAKTHROUGHS

Since the last fundraising announced in October 2018, METRON, has accelerated its international expansion. METRON is now active in a dozen countries with operational centres in Europe (Paris, Milan), Latin America (Sao Paulo, Mexico City, Bogota), the Middle East (Dubai) and Asia (Singapore).

METRON expansion in Japan will be supported by NTT DOCOMO Ventures. President and CEO, Takayuki Inagawa, said: "Beyond our investment, we look forward to promoting a partnership between METRON and NTT FACILITIES, an NTT group company involved in energy management for industrial installations. The partnership will make the solution commercially available in the Japanese market and will contribute to the new smart energy business of the NTT group. The METRON solution is unique as it uses ontological technology and machine learning to continuously optimize energy during the production process."

To develop its business in France, METRON has entered into a strategic partnership with Dalkia, a French leader in energy efficiency, to launch an innovative joint offer, Dalkia analytics powered by METRON. This will manage the energy and environmental performance of industrial sites and achieve energy savings of up to 15%.

Furthermore, new products have been designed as an extension to the existing METRON platform.  The products will enable the optimization of energy and reduction of carbon emissions in the area of Virtual Power Plants. The aim is to manage decentralized energy production assets, particularly renewable ones, in order to optimize their value; or in the area of electro-mobility, where the optimization of EV charging will become a key issue.

"We have analyzed many companies trying to unlock the enormous potential for energy efficiency in factories. METRON has successfully built a unique solution using artificial intelligence to achieve very rapid energy savings and carbon reductions in factories, even in the most complex technical environments. METRON's position as the leader in this area is well deserved. We are looking forward to supporting this great team of entrepreneurs," says Dr. Matthias Dill, Managing Director of Statkraft Ventures, a leading energy fund in Europe.

METRON's disruptive vision, strategy and technology were also recognized this year by Bloomberg New Energy Finance, which each year designates ten "New Energy Pioneers" for their leadership in transformative technologies to accelerate the transition to a low-carbon economy around the world.

HISTORICAL INVESTORS BACK METRON AGAIN

As historical investors, Yann Lagalaye, Head of Energy Transition Capital at BNP Paribas and Emanuele Angelidis, CEO of Breed Reply, conclude: "Industrial clients are adopting the METRON platform because of its ease of implementation and the quick energy savings they can achieve. Major international partnerships such as the one with Dalkia in France will help accelerate METRON's growth. The new investors announced today reinforce METRON's strategic positioning and illustrate its international ambitions. We wish to renew our confidence in the METRON team, in a context where the low-carbon and digital transition of industries is accelerating."

About METRON

METRON aims to transform energy into a profit centre in the industrial sector. METRON, an international technology company founded in 2013 in France, has developed an energy intelligence AI driven platform dedicated to the industrial sector. The METRON-EVA® Factory (Energy Virtual Assistant) platform leverages the multiple data sources already available in plants and takes advantage of advanced technologies to proactively identify energy optimization opportunities and connect to decentralized energy assets. More than 80 energy experts, data scientists and specialized engineers are currently working in Europe, Latin America, the Middle East and Asia. They support manufacturers in all sectors of activity to maximize the value of their data and enable them to take control of their energy management

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SOURCE METRON


Source: PR Newswire (June 27, 2019 - 2:00 AM EDT)

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