European Investment Bank

The European Investment Bank (EIB), established in 1958, is a long-term lending institution owned by the EU Member States. Headquartered in Luxembourg, it offers a wide range of financing solutions, including project loans, loans to banks and intermediaries, venture capital funds, and equity investments. EIB also provides structured finance products, guarantees, and securitization instruments, along with advisory services for infrastructure projects, urban development, and small to medium-sized enterprises. Its portfolio is predominantly composed of loans (93.08%), with a small portion allocated to debt and fixed income, shares, and other assets. EIB's mission is to support European integration and social cohesion, primarily within the European Union and internationally.

Andrus Ansip

Vice President

Nicola Beer

Vice President and Member of the Management Committee

Markus Berndt

Deputy Director General, EIB Group and Deputy Managing Director, EIB Global Directorate

Teresa Czerwińska

Vice President and Member of the Management Committee

Ambroise Fayolle

Vice President and Member of the Management Committee

Werner Hoyer

President

Kyriacos Kakouris

Director

Adrian Kamenitzer

Deputy Director General and Chief Risk Officer

Jean-Christophe Laloux

Director General

Emma Navarro

Vice President

Lilyana Pavlova

Vice President

Alexander Stubb Ph.D

Vice President and Member of the Management Committee

Thomas Östros

Vice President and Member of the Management Committee

Past deals in Energy Storage

UP Catalyst

Debt Financing in 2025
UP Catalyst is a manufacturer focused on producing sustainable carbon nanomaterials and graphite for the green energy storage sector. The company utilizes innovative electrolysis methods to convert carbon dioxide into these materials, addressing supply challenges in the graphite market while promoting environmental sustainability. By recycling waste materials, UP Catalyst provides eco-friendly solutions that enable clients to incorporate its nanomaterials into various applications, including battery and supercapacitor technologies, conductive coatings, polymer formulations, and water filtration systems.

Sunly

Debt Financing in 2025
Sunly is a renewable energy company based in Tallinn, Estonia, established in 2019. It focuses on developing renewable energy projects in the Baltics and surrounding markets through its subsidiary, Sunly Infra. In addition to project development, Sunly manages a portfolio of startups in the renewable energy and electrification sectors through Sunly Startup. The company aims to contribute to the transition towards sustainable energy solutions in the region.

Latvenergo

Debt Financing in 2025
Latvenergo is an energy company based in Latvia, operating in the Baltic region. It produces and trades electricity, heat, and natural gas, with a focus on sustainable and environmentally friendly energy solutions. The company operates hydroelectric power plants and thermal power stations, and engages in the wholesale and retail sale of energy. Additionally, it offers energy-related services to support efficient energy consumption and management.

INERATEC

Debt Financing in 2025
INERATEC is a company dedicated to developing sustainable energy solutions through the production of innovative synthetic fuels and power-to-X plants. By focusing on replacing fossil fuels with carbon-neutral alternatives, INERATEC aims to contribute to a post-fossil fuel economy. The company specializes in generating renewable hydrogen and converting greenhouse gases, such as carbon dioxide and hydrogen, into various synthetic products, including e-kerosene, carbon dioxide-neutral diesel, synthetic waxes, and methanol. These products enable chemical plant operators to utilize synthetic fuels, which are derived from climate-neutral energy sources, thereby minimizing chemical waste and enhancing climate protection.

Global Power Generation

Debt Financing in 2024
Global Power Generation (GPG) is a company focused on electricity generation, specializing in the development and management of power generation assets worldwide. Utilizing hydro, wind, and fossil fuel technologies, GPG leverages its extensive experience to ensure successful project execution. The company also provides engineering, operational, and maintenance services to enhance the efficiency of its facilities. Established by Gas Natural Fenosa and KIA through Wren House Infrastructure, GPG serves as a strategic vehicle for international power generation activities, which are recognized as key growth areas for the parent group. Being part of Gas Natural Fenosa, a leading multinational entity in gas and electricity integration with a presence in over 30 countries and a customer base of more than 23 million, GPG benefits from significant industry experience and high performance standards.

Delgaz Grid

Debt Financing in 2024
Delgaz Grid provides energy to our customers, increases their satisfaction, protects the environment, biodiversity, and ecosystems, and promotes good practices to reduce the effects of climate change, risks of injury and illness, has satisfied employees, and complies with legal and regulatory requirements, other requirements or standards applicable to the activities and our services, as well as by promoting new technologies as an active participant in the energization process.

Enpal

Debt Financing in 2024
Enpal GmbH is a Berlin-based company founded in 2017 that specializes in providing comprehensive renewable energy solutions, primarily through the installation and operation of solar panels for residential electricity generation. The company offers a range of products, including solar panels, batteries, wallboxes, heat pumps, and energy management systems, catering to customers in Germany and Italy. Enpal initially adopted a sales-based model but successfully transitioned to a lease model that requires no upfront payment and includes installation, insurance, and maintenance services. This approach has resulted in significant growth, with over 60,000 solar PV systems installed and revenues exceeding 400 million euros as of 2022. Enpal employs more than 1,000 team members, including over 200 local installer teams, and has opened several satellite offices to enhance customer service across its markets. The company has received numerous awards for its contributions to sustainability and customer service, positioning itself as a leader in the solar PV installation sector in Germany.

Orlen

Post in 2024
Polski Koncern Naftowy Orlen is a prominent energy conglomerate operating primarily in the oil and gas sector. The company refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania, processing crude oil into various products such as gasoline, diesel, fuel oil, and aviation fuel through its network of refineries. In addition to refining, Orlen produces petrochemicals and chemical feedstock. The company is also involved in exploration and production activities in Poland and Canada. Orlen's extensive logistics infrastructure supports its operations, featuring both surface and underground storage depots, as well as a long-distance pipeline network, which facilitates the distribution of oil products through a widespread network of service stations.

BNZ

Debt Financing in 2024
BNZ is a Spanish company specializing in renewable energy. It plans, installs, and operates solar photovoltaic projects, primarily in Southern Europe, including Spain, Portugal, and Italy. As an independent power producer, BNZ aims to become a leading developer in the renewable energy sector, with a mission to generate 100% clean energy.

BNZ

Debt Financing in 2024
BNZ is a Spanish company specializing in renewable energy. It plans, installs, and operates solar photovoltaic projects, primarily in Southern Europe, including Spain, Portugal, and Italy. As an independent power producer, BNZ aims to become a leading developer in the renewable energy sector, with a mission to generate 100% clean energy.

WEB Windenergie

Debt Financing in 2024
WEB Windenergie AG is an international energy transition company that operates 266 wind turbines, 43 photovoltaic systems, and 3 hydroelectric plants. The company focuses on planning, creating, and operating renewable energy projects, harnessing wind and solar power to produce clean, regional green energy. With over two decades of experience, WEB Windenergie AG is involved in energy production across eight countries on two continents.

Spark Energy Services

Debt Financing in 2024
Spark Energy Services works with experienced developers across Africa, providing their partners with up to 100% upfront financing for the installation of on-site renewable energy and energy efficiency equipment for C&I businesses. Spark provides access to a diversified portfolio of clean energy projects across Africa, offering investors a climate-positive investment with a strong, transparent, and robustly measured ESG profile. Through their development partners, Spark offers C&I companies a zero up-front cost solution to their energy needs, whilst significantly reducing their monthly power bills.

Sunprime Holdings

Debt Financing in 2024
Sunprime is an independent power producer based in Italy, founded in 2020 by Fulvio Mariani. The company specializes in the development of photovoltaic solar projects, focusing on providing no-cost installation of solar panels on rooftops. This innovative business model allows customers to enhance their sustainability efforts and increase the value of their properties without any upfront investment. With a team experienced in engineering and construction, Sunprime is actively expanding its portfolio of solar initiatives across the country.

Recurrent Energy

Debt Financing in 2024
Recurrent Energy is a renewable energy company focused on the development, construction, and operation of solar and energy storage projects. The company specializes in utility-scale solar power systems, providing clean electricity to utility, commercial, and government customers through Power Purchase Agreements and Feed-in Tariffs. Recurrent Energy oversees the entire project development lifecycle, including siting, design, interconnection, permitting, procurement, financing, construction, and asset management. By delivering competitive rates for clean energy, the company enables its customers to achieve energy independence, predictable pricing, and enhanced sustainability while ensuring that projects are viable and cost-effective.

Rondo Energy

Debt Financing in 2024
Rondo Energy specializes in providing zero-carbon industrial heat through its innovative Rondo Heat Battery. This technology captures low-cost renewable electricity and converts it into continuous high-temperature heat, enabling industrial clients to power their operations while significantly reducing energy costs and eliminating carbon emissions. By focusing on renewable energy management, Rondo Energy aims to facilitate the decarbonization of industrial processes, making sustainable energy solutions more accessible and effective for various sectors.

Husk Power Systems

Debt Financing in 2024
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Sunfire

Debt Financing in 2024
Sunfire is a company that specializes in developing and manufacturing systems for renewable industrial gas and fuel production. It focuses on creating substitutes for fossil fuels, such as mineral oil and natural gas, through innovative technologies like electrolyzers and solid oxide cells. These systems convert renewable electrical energy from sources like wind farms, hydropower plants, and photovoltaic systems into fuels and gases, including renewable hydrogen and syngas. By enabling the chemical, fuel, and steel industries to transition away from fossil energy, Sunfire aims to provide sustainable energy solutions that are available whenever needed, thus integrating renewable energy into existing infrastructures.

Eldrive

Debt Financing in 2024
Eldrive specializes in the development and installation of electric vehicle charging infrastructure, facilitating e-mobility solutions. The company focuses on creating public charging stations and offers compatible charging stations and cables for personal use. This service enables retail outlets, residential buildings, and parking lots to provide efficient charging options for electric cars and plug-in hybrids. Eldrive's intelligent platform automates the charging process and infrastructure, ensuring a seamless experience for both drivers and businesses.

3SUN

Debt Financing in 2024
3SUN is an energy management company focused on designing photovoltaic solutions tailored for large-scale industries and rooftop applications. The company specializes in manufacturing multi-junction, thin-film photovoltaic cells and modules, contributing to the advancement of clean and renewable energy. By producing innovative photovoltaic products, 3SUN aims to support the transition towards a more sustainable and environmentally friendly world.

Stegra

Debt Financing in 2024
Stegra operates a steel production plant focused on decarbonizing the steel industry in Europe through the use of green hydrogen. The facility is designed as a fully integrated, digitalized, and automated greenfield plant, which combines raw materials, renewable energy, and artificial intelligence to produce fossil-free steel. By replacing traditional CO2-intensive coal with green hydrogen, the plant significantly reduces emissions, with water and heat as the primary byproducts. This innovative approach enables clients to access high-quality, sustainable steel at a competitive cost, contributing to the broader goal of accelerating decarbonization in the steel sector.

Northvolt

Debt Financing in 2024
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company designs and produces a range of battery solutions, including cells, custom cells, and complete battery systems, tailored to meet specific requirements in terms of chemistry and form factor. Northvolt's commitment to sustainability is evident in its eco-friendly manufacturing processes, which ensure a minimal carbon footprint and incorporate advanced recycling technologies. By focusing on the development of high-quality, sustainable battery cells and systems, Northvolt aims to support the electrification of various markets, including automotive, grid storage, industrial applications, and micromobility, facilitating the transition away from fossil fuels towards cleaner energy sources.

Exeger

Debt Financing in 2023
Exeger Sweden AB is a technology company that specializes in the development and commercialization of innovative light energy harvesting solutions. The company focuses on creating dye-sensitized solar cells that convert various forms of light, including both natural and artificial light, into electrical energy. This technology enables the integration of self-power capabilities into everyday devices, enhancing their functionality and sustainability. Exeger's solar cells can be printed in various colors and free-form designs, making them suitable for a wide range of applications in consumer electronics, wearables, and other products. By providing efficient energy solutions that operate even in indoor lighting conditions, Exeger aims to transform how energy is perceived and utilized in everyday life.

Ingeteam

Debt Financing in 2023
Ingeteam is a global provider of power and control electronics, specializing in inverters, frequency converters, controllers, protections, motors, and related services. With a strong focus on sustainability, the company caters to diverse sectors such as renewable energy (wind, PV, hydro), mining, marine, rail traction, and electric vehicle charging. Ingeteam operates in 22 countries worldwide, employing approximately 4,000 people, and offers operation and maintenance services to complement its product portfolio.

Energy Dome

Debt Financing in 2023
Energy Dome is an Italian company based in Lonate Pozzolo that specializes in long-duration electricity storage using liquid carbon dioxide. The company has developed a low-cost and efficient technology that employs a closed-loop thermodynamic process to store energy, making renewable power more dispatchable. By focusing on energy storage solutions, Energy Dome aims to facilitate the transition to renewable energy and contribute to the decarbonization of the energy industry. Its innovative approach seeks to address climate change challenges by significantly reducing greenhouse gas emissions, thereby promoting a more sustainable future.

Husk Power Systems

Debt Financing in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Battolyser Systems

Debt Financing in 2023
Battolyser Systems, founded in 2018 by Dr. Fokko Mulder and Kees Koolen, develops and commercializes innovative battolyser technology, which integrates a battery and electrolyzer. This dual-purpose energy storage solution allows for the storage of electricity and the production of green hydrogen from renewable energy sources. Led by CEO Mattijs Slee, the company boasts a patented technology that offers the lowest production costs for green hydrogen in the market, without relying on scarce materials. Battolyser Systems aims to support the transition to renewable energy by providing efficient solutions for energy storage and hydrogen production, addressing the growing demand for sustainable energy sources.

VoltStorage

Debt Financing in 2023
VoltStorage GmbH, based in Olching, Germany, specializes in developing and producing power storage devices that utilize eco-friendly redox flow technology. The company's flagship product, VoltStorage, is a vanadium redox flow battery system designed to store excess electricity generated by solar panels during the day for use at night. This innovative approach enables homeowners to access renewable energy around the clock, promoting sustainability and environmental responsibility. In addition to its products, VoltStorage offers installation and technical support services, ensuring customers can effectively integrate these systems into their homes. The company aims to make renewable energy more accessible and contribute to a cleaner, fairer world for future generations.

Repsol

Debt Financing in 2023
Repsol is a Spanish integrated energy company that specializes in oil and gas production, as well as renewable energy solutions. With a daily production of 599,000 barrels of oil equivalent and proven reserves totaling 1.8 billion barrels, Repsol maintains a significant presence in the global energy market. The company operates a downstream segment with a refining capacity of 1 million barrels per day, complementing its upstream activities. Repsol is also focused on innovation and sustainable energy, having developed a renewable power generation capacity of 2.8 gigawatts. With operations in key energy regions such as Brazil, Russia, and the United States, Repsol is dedicated to creating a new energy model that encompasses both traditional and renewable energy sources.

Verkor

Debt Financing in 2023
Verkor is a manufacturer of battery cells dedicated to producing low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly smaller carbon footprint compared to traditional options, which not only reduces overall emissions but also lowers logistics costs. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with affordable battery solutions that align with sustainability goals.

Endesa

Post in 2023
Endesa is an electric utility company headquartered in Madrid, Spain, that generates, distributes, and supplies electricity primarily in Spain and Portugal. Founded in 1944, the company has an installed generation capacity of 22 gigawatts, utilizing a diverse mix of energy sources, including hydroelectric, nuclear, coal, natural gas, oil, solar, and wind. Endesa serves approximately 11.2 million customers and employs over 10,000 people. In addition to its core electricity services, Endesa operates in the natural gas sector and provides energy-related services, emphasizing a commitment to sustainability and technological innovation to address current and future energy challenges. The company also supplies gas to retail and business customers in Spain and France.

Eldrive

Debt Financing in 2023
Eldrive specializes in the development and installation of electric vehicle charging infrastructure, facilitating e-mobility solutions. The company focuses on creating public charging stations and offers compatible charging stations and cables for personal use. This service enables retail outlets, residential buildings, and parking lots to provide efficient charging options for electric cars and plug-in hybrids. Eldrive's intelligent platform automates the charging process and infrastructure, ensuring a seamless experience for both drivers and businesses.

Iberdrola

Post in 2023
Iberdrola is a leading global utility company engaged in the production, distribution, and retail of electricity and gas across nearly 40 countries. With a diverse portfolio of 56 gigawatts, it primarily generates electricity from nuclear, fossil-fuel, hydroelectric, and renewable energy sources, with wind power representing approximately 40% of its capacity. The company operates significant electricity and distribution networks in Spain, the UK, Brazil, and the US, where it maintains a strong presence. Iberdrola is committed to advancing the energy transition through a sustainable business model that emphasizes renewable energy, smart grids, large-scale energy storage, and digital transformation, aimed at delivering innovative products and services to its customers. In addition to its generation activities, Iberdrola is involved in gas storage and supply, reinforcing its position as a comprehensive energy provider.

Zunder

Debt Financing in 2023
Zunder is a developer of an electric vehicle charging network for car drivers. The company's own and associated destination charging network allows charging the electric vehicle wherever they need it, without the need for additional registrations. Solar energy can be used to charge the batteries of electric vehicles. The solar panels, which are located in the structure's upper part, capture the energy that will be used to charge the batteries of electric vehicles that use the chargers in that location. It even allows for network supply when the demand for energy from electric vehicles allows for it.

Zunder

Debt Financing in 2023
Zunder is an electric vehicle charging company focused on developing a comprehensive network of charging stations for electric car drivers. The company offers semi-fast and fast chargers, allowing users to charge their vehicles with convenience comparable to traditional gasoline cars. Additionally, Zunder provides a mobile application that facilitates the registration of charging requests, manages charging points, and supports payment processing. This application enables clients to effectively plan their routes and book charging sessions, enhancing the overall experience for electric vehicle users.

Iberdrola

Post in 2023
Iberdrola is a leading global utility company engaged in the production, distribution, and retail of electricity and gas across nearly 40 countries. With a diverse portfolio of 56 gigawatts, it primarily generates electricity from nuclear, fossil-fuel, hydroelectric, and renewable energy sources, with wind power representing approximately 40% of its capacity. The company operates significant electricity and distribution networks in Spain, the UK, Brazil, and the US, where it maintains a strong presence. Iberdrola is committed to advancing the energy transition through a sustainable business model that emphasizes renewable energy, smart grids, large-scale energy storage, and digital transformation, aimed at delivering innovative products and services to its customers. In addition to its generation activities, Iberdrola is involved in gas storage and supply, reinforcing its position as a comprehensive energy provider.

Power Capital Renewable Energy

Debt Financing in 2023
Power Capital Renewable Energy Limited, founded in 2011 and based in Dublin, Ireland, focuses on the development, operation, and management of large-scale photovoltaic solar farms. The company specializes in all four stages of a solar asset's life cycle, including design, development, financing, construction, and operation. By acquiring and managing utility-scale solar parks, Power Capital aims to provide clean and reliable energy, contributing to the sustainability of the renewable energy sector. Their commitment to delivering competitive and sustainable energy solutions positions them as a significant player in the renewable energy market.

Ormazabal

Debt Financing in 2022
Ormazabal is a prominent provider of tailored solutions for electrical utilities and end users, as well as for renewable energy systems. The company focuses on advancing the electrical sector to meet future energy demands and collaborates with leading local, regional, and global firms in the industry. Ormazabal is dedicated to innovation, emphasizing personal safety, network reliability, energy efficiency, and sustainability in its offerings. Through its proprietary technology, the company aims to address the evolving challenges of the energy landscape.

LeydenJar Technologies

Debt Financing in 2022
LeydenJar Technologies B.V. is a Netherlands-based company founded in 2016 that focuses on enhancing lithium-ion battery performance through the development of pure silicon anodes. By replacing traditional graphite anodes with innovative nanoporous silicon, LeydenJar Technologies significantly increases energy density, achieving a 70% improvement over current standards. This advancement not only leads to batteries with higher energy density of 1350Wh/L but also reduces costs by 20% and lowers the carbon footprint by 85%. The company's commitment to greener, more efficient battery technology positions it as a key player in the energy storage market.

Verkor

Funding Round in 2022
Verkor is a manufacturer of battery cells dedicated to producing low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly smaller carbon footprint compared to traditional options, which not only reduces overall emissions but also lowers logistics costs. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with affordable battery solutions that align with sustainability goals.

Stegra

Debt Financing in 2022
Stegra operates a steel production plant focused on decarbonizing the steel industry in Europe through the use of green hydrogen. The facility is designed as a fully integrated, digitalized, and automated greenfield plant, which combines raw materials, renewable energy, and artificial intelligence to produce fossil-free steel. By replacing traditional CO2-intensive coal with green hydrogen, the plant significantly reduces emissions, with water and heat as the primary byproducts. This innovative approach enables clients to access high-quality, sustainable steel at a competitive cost, contributing to the broader goal of accelerating decarbonization in the steel sector.

Iberdrola

Post in 2022
Iberdrola is a leading global utility company engaged in the production, distribution, and retail of electricity and gas across nearly 40 countries. With a diverse portfolio of 56 gigawatts, it primarily generates electricity from nuclear, fossil-fuel, hydroelectric, and renewable energy sources, with wind power representing approximately 40% of its capacity. The company operates significant electricity and distribution networks in Spain, the UK, Brazil, and the US, where it maintains a strong presence. Iberdrola is committed to advancing the energy transition through a sustainable business model that emphasizes renewable energy, smart grids, large-scale energy storage, and digital transformation, aimed at delivering innovative products and services to its customers. In addition to its generation activities, Iberdrola is involved in gas storage and supply, reinforcing its position as a comprehensive energy provider.

Vestas

Debt Financing in 2022
Vestas is a global leader in sustainable energy, specializing in the design, manufacture, installation, and servicing of wind turbines. With a commitment to enhancing the role of wind power in the energy mix, Vestas has installed over 38,000 wind turbines across 63 countries on five continents, averaging one installation every three hours. The company emphasizes the importance of wind energy in addressing rising energy consumption while minimizing greenhouse gas emissions and pollution. Vestas envisions a future where wind power significantly contributes to global electricity production, aiming for a substantial increase beyond the anticipated 10% by 2020. Through its dedicated focus on wind energy, Vestas is not only fostering local job creation but also promoting the sustainable electrification of societies worldwide.

Ørsted

Post in 2021
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.

Nilar International

Debt Financing in 2020
Nilar International AB is a Swedish company specializing in the development and manufacture of advanced nickel metal hydride (NiMH) battery modules and energy storage systems. Founded in 2000 and headquartered in Täby, Sweden, with additional facilities in Gävle and Denver, Nilar focuses on providing solutions for various applications, including traction, industrial use, heavy-duty hybrid vehicles, and smart grid systems. Their innovative battery technology is designed to address the growing demands of energy providers, telecom companies, and commercial property owners, particularly in the context of renewable energy integration and grid stabilization. Nilar's products are characterized by their environmental safety and competitive lifecycle costs, positioning the company as a key player in the transition from fossil fuels to renewable energy sources in both North America and Europe.

Iberdrola

Post in 2020
Iberdrola is a leading global utility company engaged in the production, distribution, and retail of electricity and gas across nearly 40 countries. With a diverse portfolio of 56 gigawatts, it primarily generates electricity from nuclear, fossil-fuel, hydroelectric, and renewable energy sources, with wind power representing approximately 40% of its capacity. The company operates significant electricity and distribution networks in Spain, the UK, Brazil, and the US, where it maintains a strong presence. Iberdrola is committed to advancing the energy transition through a sustainable business model that emphasizes renewable energy, smart grids, large-scale energy storage, and digital transformation, aimed at delivering innovative products and services to its customers. In addition to its generation activities, Iberdrola is involved in gas storage and supply, reinforcing its position as a comprehensive energy provider.

Northvolt

Debt Financing in 2019
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company designs and produces a range of battery solutions, including cells, custom cells, and complete battery systems, tailored to meet specific requirements in terms of chemistry and form factor. Northvolt's commitment to sustainability is evident in its eco-friendly manufacturing processes, which ensure a minimal carbon footprint and incorporate advanced recycling technologies. By focusing on the development of high-quality, sustainable battery cells and systems, Northvolt aims to support the electrification of various markets, including automotive, grid storage, industrial applications, and micromobility, facilitating the transition away from fossil fuels towards cleaner energy sources.

d.light

Debt Financing in 2018
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.

d.light

Debt Financing in 2018
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.

Northvolt

Debt Financing in 2018
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company designs and produces a range of battery solutions, including cells, custom cells, and complete battery systems, tailored to meet specific requirements in terms of chemistry and form factor. Northvolt's commitment to sustainability is evident in its eco-friendly manufacturing processes, which ensure a minimal carbon footprint and incorporate advanced recycling technologies. By focusing on the development of high-quality, sustainable battery cells and systems, Northvolt aims to support the electrification of various markets, including automotive, grid storage, industrial applications, and micromobility, facilitating the transition away from fossil fuels towards cleaner energy sources.

Flexenclosure

Debt Financing in 2017
Flexenclosure AB is an engineering firm based in Stockholm, Sweden, specializing in the design and manufacture of prefabricated modular data centers and intelligent power management solutions. The company's primary products include eCentre, a customizable data center that can be tailored for various operational needs, and eSite, a modular diesel-battery hybrid power system ideal for remote and unreliable power scenarios. Flexenclosure focuses on providing reliable, factory-built solutions that enhance flexibility for telecom operators worldwide, enabling them to expand and modernize their networks efficiently. The firm emphasizes the use of renewable energy, illustrating how such solutions can reduce operating costs while contributing to social development, particularly in underserved rural areas through initiatives like Community Power. Established in 1989, Flexenclosure operates globally with offices in multiple countries, serving notable clients in the telecommunications sector.

Forsee Power

Venture Round in 2017
Forsee Power SAS, founded in 2007 and based in Ivry-sur-Seine, France, specializes in the design and manufacture of smart lithium-ion battery systems. The company serves various sectors, including electric transportation, portable and mobile equipment, and energy storage. Its product offerings include modular battery systems for electric and hybrid vehicles, trams, electric trains, buses, trucks, and marine applications such as ships and ferries. Additionally, Forsee Power provides power systems for mobile and connected devices across numerous fields, including medical equipment, electric scooters, and robotics. The company's focus on innovation and customer satisfaction aims to facilitate a sustainable energy transition and enhance the performance of smart mobility and life devices globally.

Electro Power Systems

Post in 2017
Electro Power Systems operates in the sustainable energy sector, focusing on hybrid-storage solutions and microgrids that convert intermittent renewable energy into a reliable power source. Headquartered in Paris, with research, development, and manufacturing facilities in Italy, the company has developed innovative hybrid energy storage technologies, supported by 125 patents and over a decade of research and development. These solutions are designed to stabilize electrical grids with high levels of renewable energy integration in developed countries and provide cost-effective off-grid power in emerging economies without relying on subsidies. Electro Power Systems has successfully implemented and is commissioning 36 large-scale projects, including off-grid hybrid systems and grid support systems, totaling over 47 MWh of capacity across 21 countries, serving more than 165,000 customers daily.

Skeleton Technologies

Debt Financing in 2017
Skeleton Technologies is a manufacturer and developer of ultracapacitors that utilize a patented curved graphene material to provide high-energy and high-power-density energy storage solutions. The company specializes in delivering advanced energy storage systems that offer significantly enhanced performance, achieving twice the energy density and four times the power density compared to traditional products. Its ultracapacitors are designed for various applications in automotive, transportation, industrial, and renewable energy sectors, enabling these industries to improve efficiency, reduce fuel consumption, and lower carbon emissions. Skeleton Technologies serves a diverse clientele that includes engineering firms, the European Space Agency, and several Tier 1 automotive manufacturers.

AW-Energy

Funding Round in 2016
The company develops and delivers technology for converting ocean waves to electricity. AW-Energy has developed WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes into elliptical circulation due to more shallow bottom. Before the waves break, typically at the depth of 8-20 metres this elliptical motion is so flat that it is essentially a horizontal back-and-forth movement of water. WaveRoller device is a Panel anchored at its base on the sea bed. The back and forth movement of the wave surge moves the Panel, transferring the kinetic energy to piston pumps. The pumps create a great deal of pressure which is fed into a combination of hydraulic motor/generator, which in turn produces electricity. The nominal capacity of a single commercial-scale Panel ranges between 500 – 1000 kW, depending on the wave resources available on the site. WaveRoller has the ability to generate energy on a wide spectrum of wave states and is also well suited for locations where wave periods are long and the swell is strong. A series of WaveRoller devices can be combined into an array, thus resulting in a wave farm. Since the plant construction is modular with a high degree of independence between individual units, there is no natural upper limit to the number of WaveRoller units that can be used, therefore offering a high level of scalability and reliability. The electricity output from an individual Panel is connected to a hub/substation, thus making it easy to plug-in new units in separate project development stages, as the new capacity is added to the farm. Also, any potential underperformance or service & maintenance breaks of individual units have no impact on the remaining units, thus ensuring uninterrupted power output from the overall farm. The first prototypes were designed and patent applications were filed as early as in 1999, when Rauno Koivusaari, the original inventor co-operated with Fortum Research Centre during the conceptual phase. Since then the technology has evolved following numerous laboratory and wave-tank test trials and ongoing mathematical simulations. Open sea trails started in 2004 and included the Gulf of Finland, marine tests conducted in the European Marine Energy Centre (EMEC), Scotland, and an own testing site in Peniche, Portugal. The subsequent successes and encouraging test results led to continuous increase in the scale of the demonstration plant. The latest demonstration plant/farm consisting of three 100kW WaveRoller units (total nominal capacity of the farm 300kW) is to be deployed in Peniche, Portugal, during the second quarter of 2012. The final assembly is nearing completion in the first quarter of 2012 and will be awaiting suitable weather conditions for the deployment in the following months. The farm will be connected to national grid in Portugal. The company has already secured all the necessary permits and, additionally, holds a licence for 1MW grid connection.

Better Place

Debt Financing in 2012
Better Place, an electric vehicle services provider, builds and operates an infrastructure and intelligent network to deliver services to drivers for the adoption of electric vehicles and optimization of energy use in North America, Japan, Australia, China, Denmark, and Israel. Its infrastructure and intelligent network provides electric car drivers with access to a network of charge spots, battery switch stations, and systems that optimize the driving experience. Better Place has a strategic partnership with Renault. Shai Agassi and Quin Garcia founded it on October 29, 2007, with its headquarters in Palo Alto in California. Better Place has operations in Israel, Denmark, and Australia. It filed for bankruptcy in November 2013.
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