Valdis Dombrovskis

Vice President

Pearse O'Donohue

Director for the Future Networks, DG CONNECT

Past deals in Renewables

Enzidia

Pre Seed Round in 2025
Enzidia is a biotechnology company focused on engineering enzymes to enhance bioprocesses, aiming to overcome the efficiency limitations that currently hinder biosolutions for climate and environmental challenges. Utilizing a proprietary enzyme engineering platform, Enzidia combines synthetic biology, big data generation, and machine learning to significantly increase enzyme efficiency by a factor of 10,000 to 10 million times compared to existing technologies. This innovative approach not only accelerates enzyme development but also facilitates strategic partnerships, contributing to the company's growth and the advancement of sustainable solutions in various industries.

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.

Metsä Group

Grant in 2024
Metsä Group is a forerunner in the sustainable bioeconomy utilizing renewable wood from sustainably managed northern forests. It focuses on wood supply and forest services, wood products, pulp, paperboards, and tissue and greaseproof papers, using northern wood as its main raw material. Metsä Group has operations in about 30 countries and is committed to the sustainable use of renewable wood from northern forests. It is a major player in the forest industry sector.

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 is a tech company developing technology for green hydrogen production. The company's core product is a high-pressure alkaline electrolyzer, ideal for renewable energy sources. The company focuses on research and development to create cost-effective electrolyzers for large-scale 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.

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.

Simtel Team

Grant in 2024
SIMTEL Team is a greentech company focused on the construction and maintenance of photovoltaic power plants. The company specializes in automation, offering solutions for drive regulation, control systems, and process optimization. In addition to its renewable energy activities, SIMTEL Team provides comprehensive services, including the design, supply, and implementation of photovoltaic systems, along with corrective and preventive maintenance for these installations. Furthermore, it serves as a primary provider of turnkey services for telecommunications operators in Romania, demonstrating its versatility across multiple sectors.

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.

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.

Stargate Hydrogen

Grant in 2023
Stargate Hydrogen Solutions specializes in providing turn-key electrolysis solutions for the production of green hydrogen using renewable energy sources. The company focuses on designing, implementing, and maintaining electrolyzer systems that help clients transition to green hydrogen, thereby reducing carbon dioxide emissions and promoting sustainability. Through its innovative services, Stargate Hydrogen aims to support the electrification of various sectors, contributing to a cleaner and more environmentally friendly energy landscape.

Hydrogen Offshore Production for Europe

Grant in 2023
Hydrogen Offshore Production for Europe's goal is to demonstrate the technical and economical feasibility of this offshore project, as well as pipeline transport for onshore clients.

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.

Fusion Fuel

Grant in 2023
Fusion Fuel Green PLC is a company based in Dublin, Ireland, specializing in the production of green hydrogen. Established in 2018, it operates primarily in Portugal, Southern Europe, and Morocco, offering innovative solutions through its direct coupled photoelectrochemical hydrogen generators that utilize solar concentrated photovoltaic technology to efficiently split water into hydrogen and oxygen. In addition to its hydrogen generation technology, Fusion Fuel provides remote tracking and monitoring services for green hydrogen plants and is involved in the development and operation of such facilities. Its services cater to a variety of sectors, including natural gas networks, ammonia production, oil refining, regulatory bodies, and other related entities, aligning with the global shift towards sustainable and clean energy solutions.

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.

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.

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.

Be Charge

Grant in 2022
Be Charge is developing one of Italy's largest and most extensive public infrastructure networks for electric vehicles.

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.

Bound4Blue

Grant in 2022
bound4blue specializes in the development of innovative foldable and autonomous wingsail systems designed for integration into a variety of vessels. This technology serves as a complementary propulsion system, harnessing wind power to generate thrust and significantly reducing the reliance on main engine power. As a result, bound4blue's wingsails can lead to reductions in fuel consumption and pollutant emissions by up to 40%. In addition to improving environmental sustainability, the system offers a payback period of less than five years, making it an economically viable option for boat operators. The technology also facilitates the production of hydrogen and oxygen through the electrolysis of seawater, further enhancing its eco-friendly credentials.

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.

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.

INDRESMAT

Grant in 2020
INDRESMAT is an international chemical startup based in Barcelona, Spain, and Geleen, the Netherlands, focused on enhancing energy efficiency in the construction sector. The company aims to implement high-performance and sustainable materials to support the development of Nearly-Zero Energy Buildings. Leveraging expertise in bio-Polyurethane chemistry, INDRESMAT is committed to creating innovative products that reduce fossil CO2 emissions and combat climate change. By developing advanced manufacturing technologies, the company seeks to deliver energy-efficient construction materials cost-effectively, positioning itself as a transformative player in the industry.

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.

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.

Kraftwerk Group

Grant in 2019
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.

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.

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.

Kraftwerk Group

Grant in 2017
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.