Climate Tech Startup OakTree Power triumphs at MIPIM, the world’s leading real estate event
OakTree Power won the Sustainability Category of the Propel Startup Competition, aimed at the most disruptive solutions and business models in the world of real estate
London, June 28 , 2022 - OakTree Power, the leading climate tech startup headquartered in London, has won the coveted Propel Startup Competition at this year's MIPIM conference - the leading international property conference celebrated in Cannes. The competition, which gathers the most promising and innovative startups tackling the biggest urban challenges around the world, selected the company as the winner in the sustainability category.
The company’s climate technology modulates energy usage in commercial and industrial buildings, such as offices, hotels and industrial facilities, to be intelligently reduced for short periods, without impacting performance. The solution provides businesses crucial energy flexibility whilst reducing emissions and contributing to a smarter more sustainable network.
OakTree Power’s smart IoT controller integrates with properties’ own building controls systems to automatically modulate by a small amount, non-critical electrical plant and equipment such as pump motors, fans and air conditioning chillers.
The solution is already being deployed by several FTSE 250 clients - including a large European financial institution and the world’s leading global business publication , improving buildings’ BREEAM ratings and subsequent value. Pinsent Masons has been the latest company to announce its partnership with OakTree Power, with the multinational law firm reducing otherwise inaccessible carbon emissions by over 260,000kg across its 205,000 square feet building, ultimately reporting a baseline energy reduction of 28% in its London headquarters.
Chantel Scheepers, CEO of OakTree Power comments: “We’ve always been proud of the mission OakTree Power is carrying out – enabling properties to adopt innovative climate technology and help the UK meet its bold commitment to achieve net zero goals by 2050. To have our startup awarded by the world’s leading real estate market event makes what we’re doing even more special.
This award ultimately reinforces our ambition to continue working with our anchor partners to expand out this greener, more affordable system across the international real estate market and lead the way towards a future driven by flexible, sustainable solutions.”
About OakTree Power
OakTree Power partners with global grid operators to enable the ongoing transition towards a fully sustainable electricity system of the future. Our mission leads us to collaboratively empower our clients to reduce their Co2 emissions while earning significant annual recurring revenues and benefitting from a wide array of net-zero opportunities.
The company was founded in 2020 by Guillaume Molhant-Proost and Andreas Wiele. Molhant-Proost started his career as an investment banker at Salomon Brothers in the energy sector, advising oil, gas and utilities companies in corporate finance including mergers and acquisitions. His current private investment portfolio is focused on green technologies, new media, and lifestyle technology companies.
Andreas Wiele is a highly experienced media and digital senior executive with an outstanding track-record, including several highly profitable PE-exits and an angel investor in several ClimateTech start-ups. Andreas has served as Senior Advisor to KKRs Global TMT-business and is General Partner at GianoCapital and Member of the Supervisory Board of the Germanys’ largest TV-network Pro7Sat1 SE. During his 20 year-tenure on its executive board, Axel Springer has become the role model for a successful transition from a print publisher to Europe’s largest digital media company. Previously, Andreas held senior positions in the media industry in New York and Paris. Andreas earned a PHD in law at the University of Salzburg.
Chantel joins alongside an experienced team with over 50 years spent in the energy and clean technology sectors. Chantel is a true advocate for the global adoption of clean technology solutions, a proactive and fully engaged planet ambassador committed to driving sustainable changes resulting from the ongoing paradigm shift in the energy sector.