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Enpal

Enpal offers the leading integrated package for a climate-neutral home including solar, storage, EV chargers, and smart energy management.

Vertically integrated provider of holistic home energy solutions

Founded in 2017, Enpal provides end-to-end home energy solutions including solar, storage and EV charging with the goal of building the largest pan-European distributed energy retailer. The Company simplifies the process of owning and maintaining distributed energy resources by providing a fully integrated model that installs, finances, and maintains solar energy systems in exchange for a single monthly lease payment. Enpal has over 30,000 customers. 

Europe is in the midst of an energy crisis as natural gas shortages are straining European energy infrastructure putting inflationary pressure across the economy. As a direct consequence, European governments, businesses, and households are eager to transition away from fossil fuel-based power generation and adopt clean off-grid energy solutions. While rooftop solar has historically relied on government support via a lucrative feed-in-tariff, today the German industry is profitable on a stand-alone basis given the twin-effect of lower solar costs and higher grid retail rates leading to long-term sustainable growth for the solar industry. Enpal has emerged as the leader for home energy solutions across Germany, making it simple for homeowners to adopt clean energy products and helping them save thousands of dollars in reduced energy bills.

Details

Location
Berlin, Germany
Focus Area
Clean Energy
Activate Team
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David Lincoln

Managing Partner

David has been a prominent investor in venture and growth equity for 25 years and has founded and led multiple firms investing over $1 billion in energy and clean technology.

Prior to co-founding Activate, David was the founder and Managing Partner of Element Partners, an $860 million series of funds dedicated to a broad range of investments in clean technology. From 1996 to 2005, David was also a Co-Founder and Managing Director of EnerTech Capital, one of the first venture capital firms formed to invest specifically in the deregulation and transition of the global electric markets. From 1991 to 1996 David served as President and CEO of Deven Resources, Inc., a private equity firm dedicated to the acquisition and development of energy properties; and from 1984 to 1991, David was a partner with CMS Companies, a Philadelphia-based investment and financial services firm.

David has also been an active participant helping to shape federal policy for the venture capital and growth equity industry. As a board member of the National Venture Capital Association for four years, David chaired the NVCA Energy & Cleantech Committee and worked with policymakers to promote capital formation for technology companies focused on US energy efficiency and renewable energy technologies. In addition, as the 2014-15 Chair of the NVCA Growth Equity Group, David worked with industry participants, research firms and policymakers to establish and benchmark Growth Equity as a distinct asset class within private equity.

David holds a BA in Geology (with honors) from Colgate University, an MS in Energy Management and Policy from the University of Pennsylvania and is active in addressing the Philadelphia public schools’ crisis as an executive committee board member with City Year of Philadelphia.

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Eric Meyer

Principal

Eric is a Principal at Activate, where he focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. He is a Board Observer at portfolio companies Voltus, Omnidian, PosiGen, Fictiv, Parsable and Element Analytics.

Prior to joining Activate, Eric was an Associate at ValueAct Capital, an activist hedge fund, where he covered investment ideas spanning several sectors including energy and industrials. Eric began his career as a business analyst at McKinsey & Company in their Silicon Valley office.

Eric holds a degree in Chemistry from Yale University and an MBA from the Wharton School of the University of Pennsylvania where he graduated as a Palmer Scholar. In his free time, Eric enjoys the combination of fresh air and healthy middle-aged competition by playing soccer and golfing during the summer and skiing in the winter.

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Caroline Chick

Associate

Caroline is an associate at Activate, where she supports all parts of the investment process.

Prior to joining Activate, Caroline was an investment banker at Nomura Greentech, where she provided M&A and capital raise advisory for companies focused on accelerating the sustainable transition. She has experience working with both early growth stage and public companies across the advanced transportation, energy technology, and environmental services sectors.

Caroline holds a degree in Finance with minors in History and Spanish, with honors, from The Ohio State University. She was a recipient of the Pace Setters Award, given to the top 1% of students in the business school on the basis of academics and leadership. In her free time, Caroline enjoys running, traveling/backpacking, cycling, live music and exploring new coffee shops/cocktail bars in San Francisco.

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