Investment & Fund Management
European Investment Fund Partner
Full Credential Description
Electro Power Systems, based in Turin, Italy, faced a significant challenge in the energy market, where there was a lack of resource-friendly energy providers. Founded in 2007 by Adriano Marconetto, the company aimed to develop an innovative solution to replace traditional, polluting technologies such as lead-acid batteries and diesel generators. After several years of research and development, and with the support of a 5 million investment from 360 Capital Partners, the company successfully launched its advanced fuel cell systems.
The tailored solution provided by Electro Power Systems involved the creation of fuel cell technology that delivers 100% clean energy, capable of operating under extreme conditions, from the cold climates of Northern Europe to the monsoon regions of India. This innovative approach not only addresses environmental concerns by significantly reducing CO2 emissions but also offers economic benefits by saving time and money for users.
As a result of its pioneering efforts and successful implementation of fuel cell technology, Electro Power Systems was recognized as a Technology Pioneer in 2012 by the World Economic Forum. The company has experienced rapid growth and is on track to become a global leader in clean energy solutions, demonstrating the effectiveness of their innovative concept and the belief of their investors in their vision.