1. Home
  2. Companies
  3. EIT InnoEnergy
EI

EIT InnoEnergy

About

EIT InnoEnergy brings people and resources together, catalysing and accelerating the energy transition. New ideas, products and solutions that make a real difference, and new businesses and people to deliver them to market.

Operating at the centre of the energy transition, we build connections worldwide, bringing together innovators and industry, entrepreneurs and investors, graduates and employers.

How we do it

Our bespoke support to accelerate sustainable energy innovation, knows no borders or boundaries:

  • Industry are linked with innovation and alumni, providing commercially attractive technologies spanning the energy value chain, and top talent to enhance innovation.
  • Start-ups, scale-ups, and innovators receive tailor-made support to boost and de-risk business cases and speed up time to market.
  • Students and learners have access to master’s programmes at 16 top technical universities and business schools.
  • The global workforce have access to more than 35 courses, provided in 10 languages, to equip them with the skills required to create a sustainable economy.

Our impact

As a result, we have built the largest sustainable energy innovation ecosystem in the world:

  • We have supported 500+ sustainable energy innovations and invested in 200+ companies, all on track to generate 110 billion in revenue and save 2.1 gigatonnes of CO2e accumulatively by 2030.
  • 90% of our start-ups already work with global brand names including ABB, BMW, EDF, Engie, Volkswagen, Galp, Schneider Electric, Naturgy.
  • Our EIT InnoEnergy Master School has attracted students from almost 100 countries. We now have more than 1,600 graduates making an impact in the energy transition all around the globe.

Decarbonising Europe

We are also spearheading the way to a decarbonised Europe by 2050 through the leadership of three industrial alliances: battery storage, green hydrogen and solar photovoltaics.

These alliances bring together the knowledge and experience required to support large industrial projects, which directly impact the energy trilemma: reducing the cost of energy, limiting greenhouse emissions and increasing availability and security.

Ultimately, these actions play a fundamental role in realising our goal of a carbon neutral Europe by 2050.

Our ecosystem

All this is made possible thanks to our rich network of more than 1,200 key players from 18 different countries. Together we act as a key vehicle for the energy transition and make up the ingredients needed to bring a constant pipeline of sustainable energy innovation to market.

Established in 2010 and supported by the European Institute of Innovation and Technology (EIT), we have offices and hubs across Europe and in Boston, US.

Similar companies

TV

TechEnergy Ventures

We are a Corporate Venture Capital that identifies and invests in disruptive technologies and ideas on hydrogen and clean fuels, CCUS, sustainable lithium extraction and processing, electrification and clean power. We look forward to leading decarbonization and enabling breakthroughs while contributing to the generation of new business opportunities. Investment MandatePre-Seed to Growth Capital: Stages of target startups. Global Footprint: With focus in Europe, LATAM and USA. Strategic Fit as Key Driver: With Tecpetrol and Techint’s decarbonization objectives.

BI

Banpu Innovation & Ventures

Banpu Innovation & Ventures (BIV), a ventures division at Banpu, is focused on technology development via R&D, accelerator, incubator and corporate venture capital initiatives.

SV

SET Ventures

We are backing pioneering businesses during their early-growth stage and get excited about solutions driving the systemic change of how energy is generated, distributed, stored, and consumed 🚀⚡

IN

Innopower

To provide sustainable solutions to climate change, we aim to boost the growth of clean energy businesses and to integrate energy innovations into everyone’s daily lives to create positive environmental impacts that accelerate Thailand’s transition towards a net-zero society. WHO ARE WE LOOKING FOR TOWARDS A NET ZERO FUTURE? We are seeking collaborators who share our goals towards a net-zero society. Startups & Entrepreneurs: Startups and entrepreneurs with ready-to-implement innovations for climate change who seek funding. Venture Capital Fund Managers: Leading venture capital fund managers with outstanding track records who share the same energy-oriented investment goals and values to invest in sustainable solutions to solve environmental problems. Institutional Investors: Institutional Investors who share the same investment aspiration for a sustainable future and are willing to be a part of the same investment journey.​

SA

Saudi Aramco Energy Ventures

Our mission is ‘to invest globally into start-up and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment in the company. Our focus areas include:Digital & IR4.0 technologies applicable to Aramco’s global operations. Sustainability technologies, in particular: carbon capture, utilization & storage; methane emissions reduction; renewables & grid energy storage; industrial energy efficiency; transportation efficiency; greenhouse gas footprint tracing & certification; nature-based greenhouse gas mitigation solutions; hydrogen; synthetic renewable fuels; water and air quality. Upstream oil & gas technologies. Downstream oil & gas / petrochemicals technologies. Non-metallic materials and new applications for hydrocarbons. Investments typically range from $2-20M and we are flexible in stage of development, from early to expansion stage ventures. We seek companies led by world-class management teams, with differentiated technologies that can add value to Aramco’s operations. We aim to be a value-adding strategic investor. We actively support portfolio companies in doing business with Saudi Aramco and in accessing the Saudi Arabian and regional MENA market, including facilitating piloting, business development, localization, and accessing of technical and operational expertise. Our team of highly experienced investment professionals provides portfolio companies with guidance and support, and access to a global network. We lead the majority of our investments, and in most instances seek board positions or observer rights. Besides SAEV, Saudi Aramco operators several venturing programs with different objectives: Prosperity7, our diversified growth investment program, investing in highly scalable transformative or disruptive ventures outside of the energy industry. We participate in OGCI Climate Investments, a joint venture of 11 major oil & gas companies representing 40% of global hydrocarbon production, investing in climate related technologies & solutions relevant to the oil & gas industry. Saudi Aramco also engages with SABIC Ventures, the corporate ventures arm of SABIC, that is focused on new materials and applications, sustainable use of chemicals and plastics, process & resource efficiency and specialty Agri-nutrients. Wa’ed Ventures, investing in regional ventures with a significant focus on the Saudi Arabian market, supporting economic development, job creation, and development of an entrepreneurial ecosystem in the MENA region.

VC

Virida Capital

We utilise our network and experience in both early-stage energy businesses and large-scale energy asset deployment to identify and evaluate the energy transition solutions of tomorrow. Virida is an innovative fund that contributes to the energy transition by addressing the funding gap during the commercialisation stages of capital-intensive scaleups We support strong management teams working in the energy transition to scale their businesses. We identify structures to de-risk and grow companies to attract large capital volumes of infrastructure investors Exceptional Team: Complementary team of senior sector specialists with significant experience in energy transition investment, management & advisory Proven Expertise: Solid track record in the financing, development, construction and operation of renewables as well as in company building for > 2 decades Market Need: While an increasing share of VC & PE capital flows into energy, asset-heavy scaleups face a funding gap Virida Capital is backed by the Green Giraffe Group, consisting of 170 professionals across four continents who have accumulated deep energy transition sector knowledge and a large partner network Green Giraffe Group are finance pioneers in the energy transition since 2010. Approach We use our specialised sector knowledge to create value Deep in-house knowledge of the energy sector, project finance and operational growth management Access to a growing network of specialist capabilities to support early-stage ventures Sector: Energy Geography: Europe Ticket size: EUR 3 -10 M Investment strategy Virida will leverage substantial investment opportunities beyond traditional wind and solar energy to enable seamless system integration Investment criteria Capital intensive: We invest in new energy transition technologies and business models with a hardware component, which require a significant amount of investment to establish, grow and scale Positive climate impact: We only invest in companies which contribute significantly to the energy transition and have a clear commitment to uphold high environmental and social standards Technology readiness level (TRL): We invest in technologies which have successfully demonstrated technical feasibility. They are in the prototype validation or full-scale field demonstration and commercial deployment phase (TRL 6-9) Clear path to cash-flow: We invest in high-growth companies to support them in their growth and profitability strategies, such as scaling operations, optimizing sales and pursuing strategic partnerships. A pipeline of future revenue generating projects exists