Enzidia
Pre Seed Round in 2025
Enzidia is a biotechnology company focused on enhancing enzyme engineering to address significant climate and environmental challenges through synthetic biology. Its innovative Enzyme Engineering Platform significantly improves enzyme efficiency, achieving levels 10,000 to 10 million times higher than traditional methods. By integrating synthetic biology, big data generation, and machine learning, Enzidia accelerates the enzyme engineering process, facilitating the development of biosolutions. The company's approach not only advances its own capabilities but also fosters partnerships to expand its impact in various bioprocesses.
Farmless is a food-tech startup focused on revolutionizing food production by decoupling it from arable land. The company employs advanced fermentation technology to transform renewable energy into essential food components, including proteins, carbohydrates, beneficial fats, vitamins, and minerals. By utilizing a liquid feedstock derived from renewable energy sources, Farmless aims to produce carbon-negative, functional proteins with a complete amino acid profile. This innovative approach not only enables the creation of low-cost proteins at a planetary scale but also assists farmers in reducing their carbon footprints. Farmless is pioneering a new interface between food and electricity, leveraging specific microbes chosen for their desirable food properties to drive sustainable food production.
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 is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks, established in 2001. The company specializes in proprietary materials and technological solutions that enhance the efficiency of solid oxide fuel cells, which are recognized as the most efficient method of energy conversion. Elcogen's technology significantly reduces emissions from natural gas systems, providing twice the power for the same amount of gas. Additionally, its fuel cells facilitate renewable energy generation by converting electricity into hydrogen for long-term storage. With a focus on efficiency, flexibility, and reducing commercial costs, Elcogen aims to support industries in the transition to green hydrogen production and contribute to a cleaner energy future.
Bolder Industries
Grant in 2024
Bolder Industries is a company based in Boulder, Colorado, founded in 2011, that specializes in the conversion of end-of-life tires into sustainable materials. It processes waste tires to produce an alternative to carbon black, along with petrochemicals, steel, and energy, while minimizing waste. The company's mission focuses on addressing the growing issue of tire waste and promoting the demand for sustainably sourced materials. Through its innovative technologies, Bolder Industries aims to reduce greenhouse gas emissions, lower water consumption, and decrease electricity usage, all while creating manufacturing jobs.
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 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 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.
Avantium is a Dutch technology company specializing in advanced high-throughput research and development for energy, chemicals, and pharmaceutical industries. Headquartered in Amsterdam with state-of-the-art laboratories, Avantium's proprietary technology accelerates product and process innovation while reducing costs. With over 70 global clients, including industry leaders, Avantium has proven its technology's validity and commercial viability. The company focuses on developing new biofuels, bio-based chemicals, and novel crystal forms of marketed drugs under patent. Its team comprises highly educated professionals in catalysis, crystallography, organic chemistry, engineering, statistics, cheminformatics, and software development, collaborating closely with partner R&D organizations to drive innovation.
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 is a greentech company that focuses on the construction and maintenance of photovoltaic power plants. It engages in the design, supply of equipment, and implementation of these renewable energy systems, ensuring both corrective and preventive maintenance for the plants and their associated equipment. Additionally, Simtel Team is involved in automation, providing services for drive, regulation, control systems, and process optimization. The company also serves as a primary provider of turnkey solutions for telecommunications operators in Romania, demonstrating its diverse capabilities in both the renewable energy and telecommunications sectors.
SolarSpring GmbH is a German company based in Freiburg that specializes in the development, construction, and operation of solar water treatment and desalination systems. Founded in 2009, the company is committed to using clean materials and renewable energy sources, including thermal and photovoltaic energy, as well as waste heat, to enhance water purification technologies. SolarSpring's key product, the Oryx 150, is a desalination solution designed for autonomous water supply, suitable for various applications, including the treatment of sea and brackish water, as well as contaminated water. The company focuses on innovative water purification systems that operate effectively with limited energy resources, employing techniques such as membrane distillation and UV disinfection. SolarSpring GmbH operates as a subsidiary of Industrial Solar Holding Europe AB.
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 is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and SOFC stacks, established in 2001. The company specializes in proprietary materials and technological solutions that enhance the efficiency of solid oxide fuel cells, which are recognized as the most efficient method of energy conversion. Elcogen's technology significantly reduces emissions from natural gas systems, providing twice the power for the same amount of gas. Additionally, its fuel cells facilitate renewable energy generation by converting electricity into hydrogen for long-term storage. With a focus on efficiency, flexibility, and reducing commercial costs, Elcogen aims to support industries in the transition to green hydrogen production and contribute to a cleaner energy future.
Verkor is a manufacturer of battery cells dedicated to increasing the production of low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly reduced carbon footprint compared to traditional options, which minimizes emissions associated with logistics. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with cost-effective battery solutions that align with sustainability goals.
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 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 is a manufacturer of sustainable anode graphite solutions tailored for the battery industry, specifically targeting the electric vehicle market. The company specializes in developing a range of synthetic graphite products that offer unique performance characteristics while being produced with significantly lower carbon dioxide emissions compared to conventional materials. Vianode's commitment to sustainability is further demonstrated through its recycling initiatives, which include the introduction of products that incorporate recycled graphite. By focusing on enhancing both the performance and environmental impact of electric vehicle batteries, Vianode plays a crucial role in advancing the transition to greener energy solutions.
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.
Stargate Hydrogen
Grant in 2023
Stargate Hydrogen Solutions specializes in providing turn-key electrolysis systems for the production of green hydrogen using renewable energy sources. The company focuses on designing, implementing, and maintaining electrolyzer systems that allow clients to significantly reduce their carbon dioxide emissions by transitioning to green hydrogen as an alternative energy source. Through its innovative solutions, Stargate Hydrogen aims to support the electrification of various industries, contributing to a more sustainable future.
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.
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 GmbH, founded in 2016 and based in Munich, Germany, specializes in solar-powered electric mobility solutions. The company designs and develops its first solar electric vehicle, the Sion, which features proprietary solar technology that allows for the integration of solar panels into the vehicle's bodywork. This innovation harnesses solar energy to charge the vehicle's battery, promoting sustainable transportation. In addition to the Sion, Sono Motors is working to incorporate its solar technology across various transportation models, including buses, trucks, and trailers, thereby enhancing range, reducing fuel costs, and lowering CO2 emissions. The company's commitment to climate-friendly mobility aims to facilitate the transition to a more sustainable future in the automotive sector. The Sion is expected to launch in Europe in 2024.
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.
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.
MagnoTherm, founded in 2019 and headquartered in Darmstadt, Germany, specializes in innovative magnetic cooling and heating technologies. With a team of over 40 experts in magnetocaloric materials, the company is committed to addressing the climate crisis by revolutionizing the cooling industry, which accounts for approximately 7% of global CO2 emissions. MagnoTherm's technology offers an alternative to traditional gas compression systems, boasting up to 30% greater energy efficiency while being non-explosive, non-flammable, and requiring low maintenance. The company aims to meet the increasing demand for sustainable and cost-effective cooling solutions, providing a viable pathway for policymakers to transition from outdated gas compression methods that have remained unchanged for nearly two centuries.
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 resource-efficient district heating, district cooling, and electricity production. The company focuses on designing, constructing, and operating biomass combined-heat-and-power (CHP) plants, which generate electricity while promoting sustainable waste management practices. By emphasizing climate-positive solutions, Stockholm Exergi aims to create a more sustainable environment for the city's residents.
Bound4Blue is a pioneering marine technology company that develops foldable and autonomous wingsail systems for integration onto various vessels. Their innovative system harnesses existing wind power to generate thrust, reducing main engine usage by up to 40%. This results in significant fuel consumption and pollutant emission reductions, with an average payback period of less than five years. The technology also facilitates clean hydrogen production through seawater electrolysis.
Kitemill is a developer of airborne wind energy technology aimed at transforming the wind power industry. The company's innovative system utilizes a kite connected by a tether to a ground-based generator, which harnesses high-altitude winds to produce renewable energy. This approach allows for the utilization of stronger and more stable wind resources, contributing to a more efficient and cost-effective energy solution. Kitemill's technology is designed to facilitate a transition to a zero-emission energy sector while minimizing material usage. By offering a safer and lower-cost alternative to traditional wind and solar power plants, Kitemill positions itself as a key player in advancing global renewable energy initiatives.
AEInnova, founded in 2014 within the Microelectronics Department of the Autonomous University of Barcelona, specializes in developing advanced battery-less and wireless devices for predictive maintenance, leveraging thermoelectric technology to harness waste heat from industrial processes. This innovative approach eliminates the need for traditional batteries, enabling the devices to operate autonomously and maintenance-free. The company's flagship product, InduEye, offers comprehensive monitoring capabilities, including vibration, steam trap, and thermal monitoring, while employing cutting-edge wireless standards like LoRaWAN and NB-IoT for low-latency communication. With a strong focus on sustainability, AEInnova has established a notable presence in various sectors, serving clients in oil and gas, aluminum, steel, and water treatment, among others. Their technology is supported by a robust cloud-based dashboard that features advanced data analytics and predictive maintenance tools. AEInnova has garnered recognition as a leading scale-up in the EU, receiving numerous awards for its innovative solutions and actively participating in significant EU R&D projects related to energy harvesting and IoT.
TreaTech is a Swiss cleantech company established in 2015 by engineers from the École Polytechnique Fédérale de Lausanne (EPFL). The company specializes in developing catalytic hydrothermal gasification (cHTG) technology that offers an innovative approach to wastewater treatment. This thermochemical process effectively transforms various types of liquid waste, including sewage sludge, into valuable by-products such as renewable gas, clean water, and mineral salts. TreaTech's solutions focus on eco-friendly waste disposal, aligning with sustainable development and circular economy principles. By recycling wastewater and its by-products, TreaTech enables clients to manage waste more sustainably while generating resources like fertilizers and biogas.
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 established in 2019, specializing in the development of innovative technologies that convert wood and agricultural waste into renewable materials as substitutes for petroleum-based products. The company focuses on producing bio-based materials for various sectors, including fragrances, plastics, and textiles, thereby offering sustainable alternatives to fossil fuels. By introducing a novel approach to the production of biorenewable products and fuels, Bloom Biorenewables aims to make a significant impact in promoting the use of sustainable resources and addressing climate change challenges.
Minesto is a Swedish company founded in 2007 by Magnus Landberg, specializing in marine energy technology. Headquartered in Gothenburg, the company focuses on developing its proprietary Deep Green technology, which harnesses electricity from slow tidal and ocean currents using innovative turbine systems. Minesto's approach aims to capture various forms of ocean energy, including tidal streams and ocean currents, contributing to the renewable energy landscape. The company operates in Sweden, Wales, and Northern Ireland, positioning itself as a key player in the production of sustainable tidal energy solutions.
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, founded in 2014 within the Microelectronics Department of the Autonomous University of Barcelona, specializes in developing advanced battery-less and wireless devices for predictive maintenance, leveraging thermoelectric technology to harness waste heat from industrial processes. This innovative approach eliminates the need for traditional batteries, enabling the devices to operate autonomously and maintenance-free. The company's flagship product, InduEye, offers comprehensive monitoring capabilities, including vibration, steam trap, and thermal monitoring, while employing cutting-edge wireless standards like LoRaWAN and NB-IoT for low-latency communication. With a strong focus on sustainability, AEInnova has established a notable presence in various sectors, serving clients in oil and gas, aluminum, steel, and water treatment, among others. Their technology is supported by a robust cloud-based dashboard that features advanced data analytics and predictive maintenance tools. AEInnova has garnered recognition as a leading scale-up in the EU, receiving numerous awards for its innovative solutions and actively participating in significant EU R&D projects related to energy harvesting and IoT.
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, founded in 2014 within the Microelectronics Department of the Autonomous University of Barcelona, specializes in developing advanced battery-less and wireless devices for predictive maintenance, leveraging thermoelectric technology to harness waste heat from industrial processes. This innovative approach eliminates the need for traditional batteries, enabling the devices to operate autonomously and maintenance-free. The company's flagship product, InduEye, offers comprehensive monitoring capabilities, including vibration, steam trap, and thermal monitoring, while employing cutting-edge wireless standards like LoRaWAN and NB-IoT for low-latency communication. With a strong focus on sustainability, AEInnova has established a notable presence in various sectors, serving clients in oil and gas, aluminum, steel, and water treatment, among others. Their technology is supported by a robust cloud-based dashboard that features advanced data analytics and predictive maintenance tools. AEInnova has garnered recognition as a leading scale-up in the EU, receiving numerous awards for its innovative solutions and actively participating in significant EU R&D projects related to energy harvesting and IoT.
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 harness the power of ocean waves to generate clean electricity and transport seawater for on-shore desalination, producing drinkable water. The company's technology caters to off-grid areas, serving applications such as open-ocean aquaculture, seawater desalination, and ocean observation systems. Resolute Marine Energy has received support from the U.S. Department of Energy 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.