EIT InnoEnergy

Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.

Mikel Lasa

Managing Director

Christian Müller

CEO of KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Johanne Ulrich

Investment Director, France

Karine Vernier

CEO

Lowina Lundström

CEO

Past deals in Solar Energy

Heliup

Venture Round in 2024
Heliup is a company focused on the design and manufacture of solar systems specifically tailored for the large rooftops of commercial and industrial buildings. It specializes in developing lightweight photovoltaic modules that help control energy costs for building owners. Heliup's solar solutions are designed to be insurable, reliable, and efficient, making them compatible with various building structures and load limitations. This enables building owners to optimize their energy consumption through solar power, promoting sustainability and reducing reliance on traditional energy sources.

FutureVoltaics

Seed Round in 2024
FutureVoltaics is a renewable energy company that specializes in solar technology. It manufactures innovative solar panels designed to generate energy efficiently even in challenging weather conditions such as winter, early morning, late afternoon, and cloudy days. The company's product, vertical bifacial solar panels with specially designed reflectors, aims to provide affordable and low-maintenance power solutions for customers.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

Swedish Algae Factory

Venture Round in 2024
Swedish Algae Factory AB, established in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company focuses on extracting nanoporous silica from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results in improving solar panel performance. Additionally, the nanoporous material has applications beyond energy, including use in skincare products for moisturizing, cleaning, and UV protection, thanks to its ability to absorb and release particles based on environmental conditions.

Holosolis

Seed Round in 2024
Holosolis is a European manufacturer specializing in the production of photovoltaic modules. Its mission is to support the EU's energy sovereignty objectives and combat global warming. The company aims to construct Europe's largest photovoltaic panel factory, offering a scalable, low-carbon footprint, and socially responsible solution to meet the increasing demand for renewable energy.

HPS

Venture Round in 2024
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

ROSI

Venture Round in 2024
ROSI is a company based in Grenoble, France, that focuses on innovative recycling and revalorization technologies tailored for the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other valuable metals that are typically lost during the manufacturing of photovoltaic cells and at the end of solar panel life cycles. By valorizing silicon waste generated during the solar wafer slicing process, as well as fine silicon particles lost during production, ROSI aims to make the production of photovoltaic modules more sustainable and cost-effective.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

Heliup

Venture Round in 2023
Heliup is a company focused on the design and manufacture of solar systems specifically tailored for the large rooftops of commercial and industrial buildings. It specializes in developing lightweight photovoltaic modules that help control energy costs for building owners. Heliup's solar solutions are designed to be insurable, reliable, and efficient, making them compatible with various building structures and load limitations. This enables building owners to optimize their energy consumption through solar power, promoting sustainability and reducing reliance on traditional energy sources.

FutureVoltaics

Pre Seed Round in 2023
FutureVoltaics is a renewable energy company that specializes in solar technology. It manufactures innovative solar panels designed to generate energy efficiently even in challenging weather conditions such as winter, early morning, late afternoon, and cloudy days. The company's product, vertical bifacial solar panels with specially designed reflectors, aims to provide affordable and low-maintenance power solutions for customers.

Phytonics

Seed Round in 2023
Phytonics specializes in the development of innovative anti-reflective coating products designed for photovoltaic modules. The company's coatings provide a broadband, omnidirectional solution that enhances light-trapping capabilities, significantly improving the efficiency of solar energy systems. By offering glare-free solar modules, Phytonics aims to facilitate the transition to renewable energy sources, thereby contributing to the broader adoption of sustainable technologies.

ROSI

Series A in 2022
ROSI is a company based in Grenoble, France, that focuses on innovative recycling and revalorization technologies tailored for the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other valuable metals that are typically lost during the manufacturing of photovoltaic cells and at the end of solar panel life cycles. By valorizing silicon waste generated during the solar wafer slicing process, as well as fine silicon particles lost during production, ROSI aims to make the production of photovoltaic modules more sustainable and cost-effective.

Norwegian Crystals

Venture Round in 2022
Norwegian Crystals is a manufacturer focused on producing high-quality, low-carbon monocrystalline silicon products, including bricks, wafers, and ingots. These products are essential components for the photovoltaic industry, serving as substrates for solar cells and contributing to the development of solar modules. The company utilizes a proprietary pulling process and design to create both p-type and n-type monoblocks, ensuring efficiency and cost-effectiveness in its production. By prioritizing sustainability, Norwegian Crystals aims to support its clients in reducing harmful emissions and promoting environmentally friendly energy solutions.

NexWafe

Series C in 2021
NexWafe GmbH, founded in 2015 and based in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs a continuous, direct gas-to-wafer manufacturing process that minimizes waste, resulting in wafers that are both more efficient and less expensive than conventional options. These high-quality wafers are fully compatible with standard cell and module fabrication, allowing solar cell manufacturers to enhance their production capabilities while significantly reducing costs. NexWafe's innovative approach contributes to the advancement of sustainable energy by facilitating the transition to more affordable green solar technology.

VoltStorage

Series B in 2021
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.

SunRoof

Seed Round in 2021
SunRoof manufactures 2-in-1 solar roofs and innovative façades that generate electricity without having to install traditional photovoltaic modules. This is the best replacement for a regular roof, offering the highest efficiency, the lowest carbon footprint, and a unique aesthetic. Our mission is to speed up the global transition to renewables by developing beautiful roofs that, by generating electricity, will cover the energy demand of the entire building.

Solarworx

Seed Round in 2021
Solarworx is a Berlin-based company founded in 2017 that focuses on developing smart solar solutions for rural off-grid households and businesses. The company manufactures modular and grid-based solar systems designed to meet both current and future electricity demands. These systems generate energy that enables users to harness solar power in a cost-effective and efficient manner, thereby improving energy access for those in remote areas.

HPS

Series A in 2021
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

ROSI

Seed Round in 2021
ROSI is a company based in Grenoble, France, that focuses on innovative recycling and revalorization technologies tailored for the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other valuable metals that are typically lost during the manufacturing of photovoltaic cells and at the end of solar panel life cycles. By valorizing silicon waste generated during the solar wafer slicing process, as well as fine silicon particles lost during production, ROSI aims to make the production of photovoltaic modules more sustainable and cost-effective.

SunRoof

Seed Round in 2020
SunRoof manufactures 2-in-1 solar roofs and innovative façades that generate electricity without having to install traditional photovoltaic modules. This is the best replacement for a regular roof, offering the highest efficiency, the lowest carbon footprint, and a unique aesthetic. Our mission is to speed up the global transition to renewables by developing beautiful roofs that, by generating electricity, will cover the energy demand of the entire building.

Enervalis

Series A in 2020
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.

Solarworx

Seed Round in 2020
Solarworx is a Berlin-based company founded in 2017 that focuses on developing smart solar solutions for rural off-grid households and businesses. The company manufactures modular and grid-based solar systems designed to meet both current and future electricity demands. These systems generate energy that enables users to harness solar power in a cost-effective and efficient manner, thereby improving energy access for those in remote areas.

VoltStorage

Venture Round in 2020
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.

Energy Floors

Seed Round in 2020
Energy Floors specializes in the design and construction of innovative flooring systems that convert kinetic energy from human movement and solar power into usable electricity. The company's products aim to engage the public in renewable energy production by making the energy-generating process visible and interactive. By developing, manufacturing, and selling these energy-converting floor systems, Energy Floors focuses on creating sustainable solutions that can be integrated into pavements and high footfall areas. Their approach not only promotes awareness of renewable energy but also encourages participation in energy generation through everyday activities.

Ener-Pacte

Seed Round in 2020
Ener-Pacte specializes in the operation, security, and optimization of photovoltaic power plants. The company was established to address the increasing challenges faced by photovoltaic installations, particularly in France and other countries with extensive solar energy systems. Ener-Pacte offers a range of services aimed at enhancing the profitability of these power plants. By providing straightforward and effective support to owners of non-professional photovoltaic systems, the company enables clients to optimize their financial returns and secure their existing income. This focus on practical solutions positions Ener-Pacte as a key player in the renewable energy sector, particularly in the context of growing reliance on solar power.

RVE.SOL - Solucoes de Energia Rural

Series A in 2020
Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5. RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for the rural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future. Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture. A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate: 1. Access to clean water to obviate transmission of water borne disease 2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night 3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food 4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers. Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.

AEInnova

Series A in 2020
AEInnova, founded in 2014 at the Autonomous University of Barcelona, specializes in innovative Internet of Things (IoT) solutions for predictive maintenance. The company was established by a team of PhDs and engineers with expertise in microelectronics and various engineering disciplines. AEInnova's flagship product, InduEye, is a fully battery-less and autonomous device that monitors vibrations, steam traps, and thermal conditions, harnessing energy from waste heat, with future versions incorporating solar and wind power. The technology stands out due to its patented innovation, which enhances performance and enables real-time edge computing while utilizing advanced wireless communication standards. AEInnova's devices are employed in diverse sectors, including oil and gas, aluminum, steel, paper, and water treatment, and feature a sophisticated IoT cloud-based dashboard for data analytics and predictive maintenance. The company has received 31 international awards for its contributions to sustainability and innovation and has secured significant investment, including funding from the European Commission. AEInnova is actively engaged in multiple EU R&D projects focused on energy harvesting and IoT technologies.

RVE.SOL - Solucoes de Energia Rural

Series A in 2018
Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5. RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for the rural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future. Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture. A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate: 1. Access to clean water to obviate transmission of water borne disease 2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night 3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food 4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers. Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.

Nines Photovoltaics

Venture Round in 2018
Nines Photovoltaics is focused on revolutionizing the manufacturing of photovoltaic (PV) solar cells through innovative technology. The company has developed a high throughput dry etching process platform that enhances the efficiency and performance of solar cell production while addressing the environmental challenges associated with traditional methods. By eliminating the need for water, greenhouse gases, and labor-intensive processes, Nines' technology allows for manufacturing at atmospheric pressure and in a dry environment. This shift not only reduces the financial and environmental costs of producing PV cells but also facilitates high-volume inline production using cheaper thin wafers and advanced cell designs. Nines Photovoltaics aims to significantly decrease the cost per watt of PV electricity generation, thereby improving the overall scalability and sustainability of solar manufacturing on a global scale.

Solaris Offgrid

Venture Round in 2017
Solaris Offgrid addresses the critical issue of energy poverty, particularly in rural Africa, where over a billion people lack access to clean and affordable electricity. The company develops and installs solar energy systems that leverage smart technology and mobile payment solutions. Its pay-as-you-go solar home system provides households and businesses with essential services such as LED lighting, communication, and media access, as well as opportunities for enterprise and financial services. By offering an integrated and affordable energy solution, Solaris Offgrid empowers local entrepreneurs, equipping them with the necessary hardware, software, and technical expertise to establish and sustain micro-energy ventures. Through this model, Solaris Offgrid not only enhances energy access but also fosters economic development in low-income communities.

Swedish Algae Factory

Seed Round in 2017
Swedish Algae Factory AB, established in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company focuses on extracting nanoporous silica from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results in improving solar panel performance. Additionally, the nanoporous material has applications beyond energy, including use in skincare products for moisturizing, cleaning, and UV protection, thanks to its ability to absorb and release particles based on environmental conditions.

NexWafe

Venture Round in 2017
NexWafe GmbH, founded in 2015 and based in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs a continuous, direct gas-to-wafer manufacturing process that minimizes waste, resulting in wafers that are both more efficient and less expensive than conventional options. These high-quality wafers are fully compatible with standard cell and module fabrication, allowing solar cell manufacturers to enhance their production capabilities while significantly reducing costs. NexWafe's innovative approach contributes to the advancement of sustainable energy by facilitating the transition to more affordable green solar technology.

Ferroamp Elektronik

Seed Round in 2016
Ferroamp Elektronik AB specializes in developing and manufacturing innovative power electronics aimed at enhancing the efficiency of electrical energy use. The company's primary product is the ACE, a four-quadrant inverter that facilitates quicker electric vehicle charging and helps reduce grid fees. ACE is a component of the modular EnergyHub system, which can be expanded with solar cells and energy storage solutions according to user needs. This smart grid concept optimizes the versatility and economic viability of solar installations, benefiting both homeowners and utility companies. Additionally, Ferroamp offers a range of energy optimization solutions, including solar string optimizers, energy storage optimizers, and adaptive equalization, primarily catering to property companies, energy consultants, and electric power firms.

AEInnova

Private Equity Round in 2014
AEInnova, founded in 2014 at the Autonomous University of Barcelona, specializes in innovative Internet of Things (IoT) solutions for predictive maintenance. The company was established by a team of PhDs and engineers with expertise in microelectronics and various engineering disciplines. AEInnova's flagship product, InduEye, is a fully battery-less and autonomous device that monitors vibrations, steam traps, and thermal conditions, harnessing energy from waste heat, with future versions incorporating solar and wind power. The technology stands out due to its patented innovation, which enhances performance and enables real-time edge computing while utilizing advanced wireless communication standards. AEInnova's devices are employed in diverse sectors, including oil and gas, aluminum, steel, paper, and water treatment, and feature a sophisticated IoT cloud-based dashboard for data analytics and predictive maintenance. The company has received 31 international awards for its contributions to sustainability and innovation and has secured significant investment, including funding from the European Commission. AEInnova is actively engaged in multiple EU R&D projects focused on energy harvesting and IoT technologies.
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