Valdis Dombrovskis

Vice President

Pearse O'Donohue

Director for the Future Networks, DG CONNECT

Past deals in CleanTech

Thorizon

Series A in 2025
Thorizon is a deep-tech startup based in Amsterdam and Lyon that specializes in the development of thorium molten salt reactor technology aimed at sustainable energy production. Originating as a spin-off from the Dutch Nuclear Research Institute, the company seeks to create small modular nuclear reactors that complement renewable sources such as wind and solar. Thorizon is focused on rapidly developing a reactor that is both safe and capable of utilizing long-lived nuclear waste as fuel, thereby contributing to circular energy solutions. The company is currently enhancing its financial position to construct a non-nuclear molten salt demonstrator and finalize the design for its first reactor, Thorizon One, slated for completion by 2030. Collaborating with industry leaders like Orano, Tractebel, and EDF, Thorizon is recognized as a key player in advanced nuclear projects, being a laureate in the France 2030 program.

AESC Group

Grant in 2025
AESC Group is a leading manufacturer of lithium-ion batteries, specializing in automotive applications. Founded as a joint venture between Nissan and NEC Group, AESC has been producing batteries for electric and hybrid vehicles since 2010. Their products are renowned for their performance, quality, and reliability, powering numerous vehicles worldwide. AESC is committed to sustainability, employing carbon-neutral manufacturing processes. The company aims to improve battery quality, reduce costs, and increase energy density, contributing to the global shift towards cleaner transportation and energy storage solutions.

Farmless

Grant in 2024
Farmless is a food technology startup focused on revolutionizing food production by decoupling it from traditional arable land. The company employs fermentation technology to transform renewable energy into a diverse range of food products, including proteins, carbohydrates, and beneficial fats. By utilizing a liquid feedstock derived from renewable sources, Farmless aims to produce carbon-negative proteins with a complete amino acid profile. This innovative approach not only enables the reduction of carbon footprints in food production but also offers a low-cost solution for protein generation at a planetary scale. Farmless seeks to create a sustainable interface between food and electricity by harnessing the potential of specially selected microbes known for their favorable food properties.

Vulcan Energy Resources

Grant in 2024
Vulcan Energy Resources, established in 2018 and headquartered in Perth, Australia, is a mineral exploration company primarily focused on lithium extraction. It operates in Europe, with projects in Norway and Germany. Vulcan's unique approach involves using renewable geothermal energy to power its lithium extraction process, aiming to produce lithium hydroxide with a zero carbon footprint. This process also generates a renewable energy by-product, further decarbonizing the supply chain. In addition to lithium, Vulcan also explores for other minerals such as copper, zinc, gold, and silver.

Elcogen

Grant in 2024
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.

Bolder Industries

Grant in 2024
Bolder Industries, founded in 2011 and based in Boulder, Colorado, specializes in converting end-of-life tires into sustainable materials, including carbon black alternatives, petrochemicals, steel, and power. The company aims to address the growing issue of tire waste while promoting the use of eco-friendly materials. Through innovative processing technologies, Bolder Industries extracts valuable resources from waste tires, significantly reducing greenhouse gas emissions, water usage, and electricity consumption in the manufacturing process. By focusing on sustainability, Bolder Industries not only contributes to environmental preservation but also supports job creation in the manufacturing sector.

Aura Aero

Grant in 2024
Aura Aero is a manufacturer focused on designing and producing eco-efficient aircraft to support the decarbonization of air transport. The company develops low-carbon vehicles equipped with advanced safety features, including a whole rescue parachute system, anti-crash seats, and anti-crash fuel tanks. Their aircraft are designed with a two-seater configuration and side-by-side taildragger landing gears, aiming to enhance operational efficiency within the aeronautical industry. Through its innovative approach, Aura Aero seeks to contribute significantly to reducing the environmental impact of aviation.

FREYR

Grant in 2024
FREYR AS is a Norwegian company based in Mo i Rana that specializes in the production and sale of lithium-ion battery cells for electric vehicles and energy storage. The company aims to offer clean battery solutions with high density and competitive pricing while maintaining a reduced carbon footprint. In addition to its core focus on electric mobility and stationary energy storage, FREYR is exploring opportunities in marine transportation and aviation markets. The company also operates a 600 MW wind park in Norway, supporting its commitment to renewable energy and sustainability.

HydrogenPro

Grant in 2024
HydrogenPro AS specializes in designing and supplying customized hydrogen plants for industrial clients, focusing primarily on alkaline high-pressure electrolysers. Founded in 2013 and based in Porsgrunn, Norway, the company offers a range of solutions, including containerized systems for small plants and indoor installations for medium-sized facilities. Its expertise in hydrogen technology positions HydrogenPro as a key player in the growing market for hydrogen production.

NEL Hydrogen

Grant in 2024
Nel ASA is a leading hydrogen company based in Norway, specializing in the production, storage, and distribution of hydrogen derived from renewable energy sources. The company operates through several segments, primarily focusing on hydrogen fueling stations and electrolyzers. Its H2Station technology offers efficient fueling solutions for fuel cell electric vehicles, ensuring fast refueling and long ranges comparable to conventional vehicles. Nel ASA also manufactures hydrogen generation plants utilizing advanced water electrolysis technology, catering to various industrial applications and energy systems globally. With a strong emphasis on delivering comprehensive hydrogen solutions, the company serves diverse sectors, including industries and energy firms, positioning itself as a key player in the transition to sustainable energy. Founded in 1927 and originally known as DiaGenic ASA, it rebranded in 2014 and maintains headquarters in Oslo while operating facilities in Notodden and Porsgrunn.

Compular

Grant in 2024
Compular specializes in the development of advanced analytic tools aimed at the creation of high-tech materials. The company focuses on digital material development, offering simulation and analysis capabilities that predict material properties based on intuitive design principles. Their tools provide actionable insights into the properties of materials and liquids, facilitating the screening of candidate formulations and enhancing mechanistic understanding of material functions. This predictive approach supports research and development processes across various applications, including batteries, fuel cells, metals and alloys, pharmaceuticals, electronics, and chemicals. By leveraging molecular dynamics and density functional theory, Compular aims to improve the success rates of laboratory trials for its clients.

Lightsource BP Renewable Energy Investments

Debt Financing in 2024
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.

SolarSpring

Grant in 2024
SolarSpring GmbH is a company based in Freiburg, Germany, specializing in the development, construction, and operation of solar water treatment and desalination systems. Founded in 2009, it focuses on innovative technologies such as solar thermal desalination and disinfection. The company’s flagship product, Oryx 150, offers a solution for autonomous water supply, effectively treating sea and brackish water as well as contaminated sources. SolarSpring utilizes clean materials and harnesses thermal energy, photovoltaic energy, and waste heat to enhance its water purification processes, which include membrane distillation and UV disinfection. As of March 2020, SolarSpring operates as a subsidiary of Industrial Solar Holding Europe AB.

algoWatt

Post in 2023
algoWatt specializes in designing, developing, and integrating solutions for the management of energy and natural resources, emphasizing sustainability and social responsibility. The company focuses on providing management and control systems that combine devices, networks, software, and services across several sectors, including digital energy and utilities, smart cities and enterprises, and green mobility. Its product offerings include various solutions such as building energy management systems, invoicing and metering tools, and geographic information systems. algoWatt emerged from the merger of TerniEnergia, known for its expertise in renewable energy and environmental services, and Softeco, a seasoned IT solution provider with extensive experience in the energy, industrial, and transportation sectors.

Elcogen

Grant in 2023
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.

Verkor

Grant 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.

Zunder

Grant 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.

ICODOS

Grant in 2023
ICODOS is a technology company specializing in the production of e-methanol, a clean alternative to conventional methanol. It has developed a patented hybrid process that enables cost-competitive and rapidly scalable e-methanol production, targeting the decarbonization of the chemical and shipping industries. The company's unique value lies in its innovative technology, which offers a significant cost advantage and unmatched operational flexibility, ensuring efficient carbon dioxide capture and reduced operating costs.

Sunfire

Grant in 2023
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.

Vianode

Grant in 2023
Vianode specializes in the development of sustainable anode graphite solutions specifically for the battery industry, with a strong emphasis on enhancing the performance and sustainability of electric vehicle batteries. The company produces a variety of synthetic graphite products that offer unique performance characteristics and are manufactured with significantly lower CO2 emissions compared to conventional materials. Vianode is also committed to recycling initiatives, having recently introduced a product that incorporates recycled graphite, thereby supporting a low-emission battery ecosystem. Through its focus on sustainability and technological advancements, Vianode contributes to the transition toward greener energy solutions in the electric vehicle sector.

Meyer Burger Technology

Grant in 2023
Meyer Burger Technology is a Swiss technology company based in Thun, Bern, specializing in the production of systems and equipment for the photovoltaic, semiconductor, and optoelectronic industries. The company focuses on manufacturing solar cells, modules, and systems, with its revenue primarily generated from its Modules segment, which offers efficient solar solutions for both private and commercial roof systems, as well as for solar power plants. In addition to photovoltaic applications, Meyer Burger serves high-end markets such as displays, batteries, printed electronics, and automotive industries. The company employs advanced plasma and ion-beam technologies for its manufacturing processes and provides integrated systems, thermal process solutions, and software for production-line control. Meyer Burger also offers comprehensive services, including installation, commissioning, process support, and tailored service agreements, ensuring customer-specific process control across various manufacturing operations. The majority of its revenue is derived from the German market.

Absolicon Solar Concentrator

Grant in 2023
Absolicon Solar Concentrator AB produces and installs solar energy systems. It offers solar concentrators and collectors. The company provides X10, which produces electricity and heat for hot tap water, heating, heat-powered air conditioning, and desalination or process heat applications. Its products are used in photovoltaic thermal applications, hotels, hospitals, apartment buildings, sport centers, industries, airports, restaurants, and supermarkets in southern Europe. Absolicon Solar Concentrator AB was founded in 2007 and is based in Härnösand, Sweden.

NitroCapt

Grant in 2023
NitroCapt is a climate-tech company focused on producing green nitrogen fertilizers through an innovative chemical process known as SUNIFIX. This technology allows for the extraction of nitrogen from the air, creating climate-neutral fertilizers that are both cost-effective and sustainable. By offering a fossil-free alternative to traditional nitrogen fertilizers, NitroCapt aims to enhance agricultural productivity while promoting sustainability. The company's business model is designed to make its customers more profitable compared to the use of fossil-based fertilizers, facilitating a transition to a decarbonized nitrogen fertilizer industry. Through its efforts, NitroCapt supports farmers in adopting sustainable agricultural practices.

ExoMatter

Grant in 2023
ExoMatter, established in 2022 as a spin-off from the German Aerospace Center and backed by Munich's UnternehmerTUM, specializes in a materials research and development platform. It leverages AI and extensive scientific data to provide clients, including major German enterprises like Audi, Infineon, and Airbus, with a tailored shortlist of the most promising materials for their specific applications. By considering a wide range of physical, chemical, engineering, sustainability, and cost attributes, ExoMatter helps these clients focus on the most viable materials candidates, accelerating their innovation processes.

Sono Motors

Grant in 2023
Sono Motors GmbH, founded in 2016 and headquartered in Munich, Germany, specializes in solar-powered electric mobility. The company is focused on designing and developing its first solar electric vehicle, the Sion, which is anticipated to launch in Europe in 2024. Utilizing proprietary solar technology, Sono Motors integrates solar panels into vehicle bodywork, allowing energy captured from sunlight to charge the vehicle's battery. In addition to the Sion, the company is actively working on applying its solar technology across various vehicle types, including buses, trucks, camper vans, and trains, aiming to enhance range, reduce fuel costs, and minimize CO2 emissions. Through these efforts, Sono Motors is contributing to the advancement of climate-friendly mobility solutions.

ExoMatter

Grant in 2023
ExoMatter, established in 2022 as a spin-off from the German Aerospace Center and backed by Munich's UnternehmerTUM, specializes in a materials research and development platform. It leverages AI and extensive scientific data to provide clients, including major German enterprises like Audi, Infineon, and Airbus, with a tailored shortlist of the most promising materials for their specific applications. By considering a wide range of physical, chemical, engineering, sustainability, and cost attributes, ExoMatter helps these clients focus on the most viable materials candidates, accelerating their innovation processes.

Everfuel

Grant in 2022
Everfuel Denmark A/S is a green hydrogen company based in Herning, Denmark, specializing in the production and sale of green hydrogen fuel across several European countries, including Denmark, Norway, Sweden, the Netherlands, Germany, and Belgium. Founded in 2017, the company serves a diverse range of applications, providing hydrogen fueling solutions for heavy-duty vehicles such as buses, trucks, and taxis, as well as marine vessels and private cars. Everfuel operates hydrogen production facilities, distribution networks, and fueling stations, ensuring accessibility for both mobility customers and industrial stakeholders involved in alternative hydrogen-based fuels and Power to X products. By collaborating with vehicle manufacturers, Everfuel aims to enhance the hydrogen value chain and offer competitive, long-term contracts to enterprise customers.

Ørsted

Grant in 2022
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.

DRONAMICS

Grant in 2022
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

FORVIA

Grant in 2022
FORVIA is an automotive technology group based in Nanterre, France, specializing in vehicle interiors and emission control technologies aimed at promoting sustainable mobility. Founded in 1997, the company collaborates closely with automakers to develop vehicles that are cleaner, lighter, more comfortable, and highly customizable. Through its innovative solutions, FORVIA seeks to enhance the driving experience while addressing environmental challenges in the automotive industry.

MagnoTherm

Grant in 2022
MAGNOTHERM, founded in 2019 and headquartered in Darmstadt, Germany, specializes in innovative cooling and heating technology utilizing magnetic materials. The company has assembled a team of over 40 experts with significant expertise in magnetic cooling and magnetocaloric materials. MAGNOTHERM aims to address the climate crisis by providing energy-efficient alternatives to traditional gas compression cooling, which contributes to at least 7% of global CO2 emissions. Its technology, which operates at low pressure, is designed to be up to 30% more energy efficient than existing systems while being non-explosive, non-flammable, and low maintenance. The company focuses on developing magnetic cooling systems suitable for various applications, including room temperature environments and hydrogen liquefaction plants, offering a sustainable solution that can help transition industries away from outdated gas compression methods.

Stockholm Exergi

Grant in 2022
Stockholm Exergi is an energy company based in Stockholm that specializes in producing resource-efficient district heating, district cooling, and electricity. The company is dedicated to reducing waste and promoting sustainability through the design, construction, and operation of biomass combined heat and power (CHP) plants. By focusing on these environmentally friendly technologies, Stockholm Exergi aims to contribute to a climate-positive urban environment for its residents.

Kitemill

Grant in 2021
Kitemill specializes in the development of airborne wind energy technology, which aims to transform the wind power industry by harnessing high-altitude winds. The company's innovative system features a kite connected to a ground-based generator via a tether, allowing for the efficient capture of strong and stable wind resources. This approach not only enhances the availability of renewable energy but also significantly reduces material usage, leading to improved cost efficiency. Kitemill's technology is positioned to play a crucial role in the global transition towards a zero-emission energy sector, offering a safe and low-cost method of producing renewable energy that could surpass the financial implications of solar and traditional wind power plants.

XOCEAN

Grant in 2021
XOCEAN Limited is a company that specializes in providing Data Collection-as-a-Service through its innovative uncrewed surface vessels (USVs). Founded in 2017 and based in Greenore, Ireland, XOCEAN focuses on delivering comprehensive ocean data solutions for surveyors, government bodies, and various offshore industries. The company's USVs are designed for unmanned operations over the horizon, utilizing satellite communications for real-time data acquisition, processing, and interpretation. XOCEAN also offers its CyberDeck, a secure cloud-based platform that enables remote monitoring and control of USVs, ensuring high-quality data collection while allowing adjustments to sensor parameters as needed. Their services encompass a range of applications, including seabed mapping, environmental monitoring, fisheries, bathymetry, and met ocean data. By leveraging proprietary technology, XOCEAN provides a safe, economical, and carbon-neutral approach to meeting the ocean data needs of its clients.

AEInnova

Series A in 2021
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.

TreaTech

Grant in 2020
TreaTech is a Swiss Cleantech company founded in 2015 by engineers from the École Polytechnique Fédérale de Lausanne (EPFL). The company focuses on developing innovative treatment technology aimed at addressing the challenges of wastewater management. Its catalytic hydrothermal gasification (HTG) system provides an eco-friendly solution for the disposal of various liquid wastes, such as sewage sludge, which are typically incinerated or sent to landfills. This advanced thermochemical process transforms these wastes into valuable by-products, including renewable gas, clean water, and mineral salts that can be further upgraded into fertilizers. TreaTech's approach aligns with sustainable development goals and the principles of a circular economy, enabling clients to benefit from efficient wastewater treatment while recycling essential resources.

Transmetrics

Grant in 2019
Transmetrics is an advanced AI platform tailored for the supply chain sector that enhances transport planning through predictive analytics and machine learning. By integrating human expertise with artificial intelligence, Transmetrics provides significant operational benefits while minimizing the environmental impact of logistics. The platform specializes in data cleansing, demand forecasting, and network optimization, delivering highly accurate analyses and predictions of transport flows. With a strong foundation in both technical fields and logistics, Transmetrics has developed solutions that have enabled top-tier logistics companies globally to reduce transport costs by up to 25%, improve fleet utilization by up to 14%, and maintain high service standards. The company’s innovative approach has garnered support from the European Union's Horizon 2020 research and innovation program, facilitating its mission to enhance operational efficiency for cargo transport and logistics service providers.

Bloom Biorenewables

Grant in 2019
Bloom Biorenewables Ltd is a Swiss company founded in 2019, focused on developing technology that transforms wood and agricultural waste into renewable materials as alternatives to petroleum. The company specializes in creating bio-based materials for the chemical industry, targeting various markets including fragrances, plastics, and textiles. By introducing innovative production methods for biorenewable products and fuels, Bloom Biorenewables aims to provide sustainable solutions that reduce reliance on fossil fuels and contribute to climate change mitigation.

DroneHopper

Grant in 2019
DroneHopper is a Spanish engineering company that specializes in the design and manufacture of heavy-duty unmanned aerial systems (UAS) with industrial capabilities. Its flagship product, the WILD HOPPER, is an unmanned aircraft designed for firefighting and precision agriculture, capable of carrying a payload of up to 600 kg and offering three hours of operational autonomy. The WILD HOPPER features a container unit that holds liquids, enabling it to nebulize and direct these liquids toward targeted areas, which is particularly useful in wildfire suppression while minimizing risk to human pilots. In addition to firefighting, DroneHopper's technology also supports logistics solutions, enhancing efficiency in various agricultural applications.

Epishine

Grant in 2019
Epishine AB, founded in 2016 and based in Linköping, Sweden, specializes in the development and manufacture of solar cells designed to harness indoor light for powering low-energy devices. The company's products include a portable energy device with an exchangeable solar sheet and a charging unit equipped with USB ports, capable of powering lights and charging mobile phones. Epishine's technology utilizes organic materials and is optimized for functionality in low-light environments, providing an eco-friendly alternative to disposable batteries.

Minesto

Grant in 2019
Minesto, established in 2007 and headquartered in Gothenburg, Sweden, specializes in marine energy technology. The company develops the Deep Green technology, which harnesses electricity from slow tidal and ocean currents using a unique turbine design. Minesto operates in Sweden, Wales, and Northern Ireland, with Magnus Landberg serving as its founder.

Lightricity

Grant in 2019
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.

AEInnova

Grant in 2019
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.

Green City Solutions

Grant in 2018
Green City Solutions GmbH, founded in 2014 and based in Berlin, Germany, focuses on addressing air pollution through innovative waste management solutions. The company has developed the “CityTree,” a product that features a specially designed, vertically installed moss culture combined with Internet-of-Things (IoT) technology. This unique system targets particulate matter, nitrogen dioxide, and ozone, improving air quality by utilizing specific plants that purify the air while also providing cooling and humidification. The CityTree is equipped with sensors that gather environmental and climatic data, allowing for the regulation and optimization of plant performance. Additionally, the collected data contributes to enhancing the understanding of environmental conditions in urban areas.

ThrustMe

Grant in 2018
ThrustMe is a startup emerging from the Laboratoire de Physique des Plasmas at the Ecole Polytechnique and the CNRS, founded by Ane Aanesland and Dmytro Rafalskyi. The company specializes in the development, production, and commercialization of advanced space propulsion systems using patented technology. ThrustMe aims to simplify and enhance the efficiency of electric propulsion, offering services that include the creation of space systems for next-generation satellites and customized solutions for ground testing of space hardware. By focusing on economic and environmental sustainability, ThrustMe provides innovative propulsion options for space teams and aerospace businesses.

Quaternium

Grant in 2018
Quaternium is the leader company for hybrid multirotor drones for commercial applications. This company became the first to develop a hybrid fuel-electric drone, in 2014, and set the World Record of Endurance with a flight of 8 hours and 10 minutes.

AEInnova

Grant in 2018
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.

Resolute Marine

Grant in 2017
Resolute Marine Energy, Inc., established in 2007 and headquartered in Boston, Massachusetts, specializes in developing wave energy converters. These devices generate clean electricity from ocean waves and also facilitate the transportation of seawater to onshore desalination facilities, producing drinkable water. The company's technology supports off-grid areas, particularly in water-stressed regions, by providing power and water resources. Resolute Marine Energy has received backing from the U.S. Department of Energy (DOE) and was recognized as the 2010 winner of the Global Entrepreneurship Week's Startup Open competition.

Norsepower

Venture Round in 2016
Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.

TransfoElectric

Grant in 2014
TransfoElectric is a high-tech startup located in Riga, Latvia, specializing in wireless charging technology for electric vehicles. The company focuses on developing innovative wireless power transfer methods, offering solutions that include home chargers, public wireless charging stations, and receiver modules for electric vehicles. Additionally, TransfoElectric is working on dynamic wireless charging spots for en-route use and wireless charging surfaces for various consumer products. By providing accessible cordless energy solutions, the company aims to enhance the convenience and efficiency of electric vehicle charging and other applications.
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