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Elia
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Manager of the Belgian power grid

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Company type Private Public ()
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TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Belgium Brussels, Belgium
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  • 1 M&A items
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Date Partner Type
11/04/2021
Octopus Energy Octopus Energy
Octopus Energy's KrakenFlex flexibility platform will be used together with Elia Group’s energy data affiliate, re.alto, to enable electric vehicles, heat pumps and other green technologies to be used for grid balancing.
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Date Investors Type Amount
07/05/2017 European Investment Bank European Investment Bank (1)
Post-money valuation of
The loan will be mainly used for financing the Stevin project that will bring the offshore wind energy to the Belgian electricity network. The project also includes integration of the future energy-exchange between the UK Nemo project and the country’s grid.
 Loan $113,467,517
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