KIC

EIT InnoEnergy , recognised as one of Europe’s top investors in cleantech, was established in 2010 with the support of the European Institute of Innovation and Technology (EIT). InnoEnergy operates as a fully independent commercial company, and still has close connection to the European Commission which co-fund some activities.
InnoEnergy accelerates, de-risks and boosts global business cases through its unique and trusted ecosystem of more than 1200 partners, 35 shareholders and a 200+ strong team with offices across Europe and in Boston, US. The managed ecosystem incorporates industrial players of all sizes, investors (public and private, equity and debt), academia, research centres and public administration. InnoEnergy provides support to global innovators through their full life cycle (from early stage to industrial scale), with a one stop shop model.
InnoEnergy backs innovations across a range of areas. These include energy storage, transport and mobility, renewables, energy efficiency, hard to abate industries, smart grids and sustainable buildings and cities.
InnoEnergy’s deal flow is in early-stage innovative technologies in cleantech, normally CAPEX heavy.
Since its inception, InnoEnergy has screened more than 7,000 start-ups, launched more than 300 products to market and overseen its portfolio companies filing 370+ patents. InnoEnergy currently has a portfolio of 200 companies, three of which are unicorns, on track to generate €110 billion in revenue and save 2.1G tonnes of CO2e accumulatively by 2030. Collectively, these companies have raised €9.7 billion in investment to date.
In September 2023 InnoEnergy had a successful private placement round of over €140 million of equity.
Investors in this round are new strategic players (Société Generale, Santander CIB, PULSE – CMA CGM Energy Fund, Renault Group, Stena Recycling and NIIT), and existing shareholders (Siemens Financial Services, Schneider Electric, Capgemini, Volkswagen Group, ING, Koolen Industries, GROUPE IDEC and Engie).

InnoEnergy is active in four related areas bringing the technology and skills required to accelerate the energy transition:
Incubation
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Start-ups and scale-ups receive tailored support to boost and de-risk their business cases and speed up time to market and impact – from access to (pilot) customers, funding, and talent, insights on market developments and regulations to joint technology enhancement and promoting citizen engagement and social acceptance. InnoEnergy provides a combination of cash and in-kind support in return for an equity position.
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Examples of supported start-ups which turned into industrial champions: Northvolt, H2Green Steel, Skeleton Technologies
Innovation support
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We help established industrial companies and consortia create new business and overcome major industry transformation challenges through co-development of innovation projects.
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Examples of innovation projects providing new solutions and shaping industries: Hardt Hyperloop, CorPower Ocean, ECOP Technologies
Strategic Value Chains
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We create our own industrial players in strategic European Value Chain Initiatives which include the European Battery Alliance (EBA), the European Green Hydrogen Acceleration Centre (EGHAC) and the European Solar Photovoltaic Industry Alliance (ESIA).
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Examples of new companies created decarbonising hard to abate industries and providing resilience and economic growth for European supply chains : Verkor, GravitHy, FertigHy, Holosolis
Human Capital
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Our eight master’s programmes at 16 top technical universities and business schools, equip students and learners to become the leaders of the green transformation of our economy and provide the necessary talent. There are already 1.600 alumni which are shaping the future of sustainable energy.
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Our Skills Institute is one of Europe’s leading training skills providers for the sustainable energy workforce spanning energy storage, photovoltaics, and green hydrogen. End 2023 the InnoEnergy Skills Institute has announced a major commercial milestone; the completion of specialised training courses for over 50,000 individuals, a significant step towards addressing the growing workforce demands in the battery industry.
The revenues generated from our activities (e.g. sales of an equity stake or proceeds from skills institute) are re-invested in new innovations, creating a self-sustaining flywheel for accelerating sustainable energy innovations, creating a continuous growing portfolio in number and value and hence the valuation of InnoEnergy.