Siemens Venture Capital (SVC), the venture capital arm of Siemens, has expanded its investment in energy and environmental technologies by acquiring a minority stake in Transparent Energy Systems, a leading provider of waste heat recovery systems.

SVC has now invested in 12 companies focusing in energy and environmental technologies, including Transparent Energy Systems. With this latest acquisition, the share of the companies which are in SVC’s portfolio that are active in developing environmental technologies increases to more than 30%. The company plans to use the new capital to expand its operations.

“The field of energy and environmental technologies is highly attractive for venture capital investors. Despite the difficult overall business environment, we will continue to see attractive growth rates in the area of green technologies,” said Ralf Schnell, Chief Executive Officer of Siemens Venture Capital.

Around a quarter of Siemens’ revenue, €19 billion in 2008, was generated with products from the company’s environmental portfolio.

Siemens Venture Capital (SVC), the central venture capital subsidiary of Siemens AG, invests in technology companies that focus on the energy, industry, and healthcare sectors. The company has invested more than €800 million in over 150 companies and 40 venture capital funds. SVC is an affiliate of Siemens Financial Services, an international provider of financial solutions.

Transparent Energy Systems is a leading provider of energy and waste heat recovery systems. The company’s headquarters is located in Pune, India.


- Natassia Y. Laforteza