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Large Fuel Cost Savings for Mobile Operators Adopting Greener Energy Solutions
ID: 88950
(firmenpresse) - Munich, May 11, 2009. Yellow&Blue Investment Management leads €10 million financing round in P21 GmbH to support the rollout of energy solutions for mobile operators to cut fuel costs and increase the use of renewable energy. Greener energy solutions are needed because billions of liters of diesel are consumed each year supplying electricity to mobile networks in regions with limited or no access to the grid. According to Londonbased GSM Association 70-80% of the total rural towers in operation in 2012 will be relying on diesel while 50% of new towers installed in 2012 in emerging markets could be powered by renewable energy.
Yellow&Blue, a venture capital firm specializing in clean energy investments, has led the financing round together with P21 management and existing investors Target Partners and Conduit Ventures.
P21 was established in 2001 through a management buy-out from Vodafone and currently provides the hydrogen-powered PEM fuel cell system to mobile operators and equipment suppliers to assure uninterrupted electrical power supply for telecom towers and base stations (BTS). Recently the company has expanded its product portfolio with energy saving solutions. P21 operates in the Middle East & Africa, Asia and Europe where it is implementing its solutions that optimize the use of diesel generator, fuel cell systems and renewable energy sources such as solar and wind. P21’s products and services address a rapidly growing market opportunity.
Wolfgang Essig, CEO of P21: “We are excited to have Yellow&Blue as a new shareholder and are keen to leverage their experience building international operations. By lowering costs and effectively integrating renewables we have created strong demand for our energy management solutions. This funding will help accelerate commercial rollout with key customers in our target markets.”
Dr. Albert Fischer, Managing Director of Yellow&Blue: “I have been impressed by the team and their understanding of local level energy needs. P21 energy solutions are helping mobile network operators cut costs, increase renewable energy use and reduce greenhouse gas emissions.”
Waldemar Jantz, Chairman of the Board of P21 GmbH and representative of the largest shareholder, Target Partners in Munich, affirms: “With Yellow&Blue P21 has found a strong partner, which has excellent knowledge in the clean energy sector.” John Butt, Managing Director of Conduit Ventures Ltd., London, adds: “Together with P21’s solid investor base they contribute significantly to accelerate and broaden the business in P21’s global markets.”
Unternehmensinformation / Kurzprofil:
About Target Partners:
With € 225 million under management, Target Partners is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the UnitedStates.
For more details: www.targetpartners.de
About P21 GmbH
Headquartered near Munich, P21 GmbH develops, produces and markets energy management solutions for
the telecommunications industry. P21 has successfully proven the capability of its technology in various field tests with international mobile-telephony providers since 2004. On the basis of its patented hydrogenpowered PEM fuel cell systems, P21 is already a leading supplier of energy solutions to assure uninterrupted electrical supply. P21 broadened its portfolio of services in 2009 to include other products and solutions which contribute toward efficient energy savings and cost reductions, as well as toward reduced CO2 emissions. Founded in 2001, P21 currently employs a staff of 55 people. P21 cooperates worldwide with renowned partner enterprises in the telecommunications and energy industries, as well as with subdeliverers that have the relevant know-how to market P21’s energy management solutions onsite and to
accompany the installation and service process.
Contact: Doris Busche, P21 GmbH, Eugen-Sänger-Ring 1, 85649 Brunnthal / Munich, Germany. Tel: +49 (0)89 60 74 57 37
About Yellow&Blue Investment Management BV
Yellow&Blue Investment Management is an independent venture capital firm specializing in clean energy investments. Yellow&Blue was founded in 2008 by Nuon, a major Dutch power company, and is based in
Utrecht, the Netherlands.
Contact: Dr. Albert Fischer, Yellow&Blue, Atoomweg 7, 3542 AA, Utrecht, the Netherlands. Tel: +31 (0) 30 247 2716
About Conduit Ventures Limited
Conduit Ventures Limited (“CVL”) is a UK based energy venture capital fund manager which specializes in high efficiency energy storage and generation and supporting low carbon technologies. They have made investments in the United States, Canada, China, Germany, Japan and Great Britain. Backers include Shell Future Fuels and CO2, Mitsubishi Corporation, Solvay SA, Shanghai Science and Technology Investment Corporation, Danfoss A/S, Johnson Matthey Plc, and National Technology Enterprise Company of Kuwait.
Contact: John Butt, Conduit Ventures Ltd, Colonial Buildings, 59-61 Hatton Garden, London EC1N 8LS, United Kingdom. Tel: +44 (0) 20 7831 3131
Press contact Target Partners:
Compass Communications GmbH
Agentur für Unternehmenskommunikation
Helena Horak
Hesseloher Str. 9
80802 München
Tel.: +49 (0) 89 189 508-80
Fax: +49 (0) 89 189 508-97
Mail: helena.horak(at)compass-communications.de
Datum: 12.05.2009 - 09:38 Uhr
Sprache: Deutsch
News-ID 88950
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Meldungsart: Unternehmensinformation
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