Bpifrance

Bpifrance is a financial institution dedicated to supporting companies throughout their development stages, particularly those preparing for stock market listing and seeking credit equity. The organization provides a range of financial solutions, including financing, innovation assistance, and capital investment. By integrating various entities such as OSEO and CDC Entreprises, Bpifrance aims to deliver tailored financial support that addresses the specific needs of businesses. The institution is committed to fostering innovation and helping companies transition toward sustainable growth, ensuring they are well-equipped to face future challenges.

Laurent Arthaud

Managing Director

Marion Aubry

Investment Director

Emmanuel Audouard

Director of Transverse Venture Capital Investments Division

Benoit Barteau Ph.D

Investment Director

Nicolas Berdou

Investment Director, Defense Expert

Clarisse Blandin

Investment Director

Edouard Combette

Investment Director

Charlotte Corbaz

Deputy Director of the Large Venture Fund and Deputy Managing Director

Nicolas Dardenne

Senior Investment Director, Normandy (Caen Rouen)

Arnaud Despoisse

Director of Occitanie Participations

Philippe Dutheil

Investment Director

Mailys Ferrere

Director of Large Venture Investments

Jean-Marie Fougeray

Senior Investment Director, Brittany

Paul-Francois Fournier

Executive Director, Innovation Department

Pierre Gillet

Investment Director

Vanessa Giraud

Managing Director

Gwenaël Hamon

Senior Investment Director

Laurent Higueret Ph.D

Senior Investment Director

Louis Janneau

Investment Director and Fund Manager

Magali Joessel

Director of Funds

So-Yeon Koo

Senior Investment Manager

Jérôme Langlade

Investment Director Aquitaine / Limousin / Poitou-Charentes

Eric Lefebvre

Director

Stephane Lefevre-Sauli

Senior Investment Director

Arnaud Legardeur

Investment Director

Chahra Louafi

Senior Investment Director

Elyssa Maufras du Châtellier

Investment Director

Quentin Mayolle

Senior Investment Officer

Serge Mesguich

Director of FIT

Laure Michel

Investment Director

Louis Molis

Investment Director

Jean-Francois Morin

Investment Director

Sébastien Moynot

Director

Adrien Muller

Investment Director

Adrien Néel

Investment Director

Axel Piriou

Director of Investments

Olivier Rameil

Senior Investment Director / VC seed

Vincent Roque

Director

Thibaut Roulon Ph.D

Investment Director

Gilles Schang

Deputy Director

Claire Waché

Senior Investment Officer

Past deals in Energy

Ambos Energy

Seed Round in 2025
Ambos Energy specializes in energy storage solutions, primarily deploying large-scale battery systems. The company operates Battery Energy Storage Systems (BESS) to balance grid supply and demand, facilitating the integration of renewable energy sources, reducing infrastructure costs, and promoting energy independence. They collaborate with developers, local authorities, and industrial partners to deliver stand-alone projects, helping clients optimize energy usage and decrease reliance on fossil fuels.

Keey Aerogel

Series A in 2025
Keey Aerogel is a specialized manufacturer of silica aerogel, utilizing a closed-loop process that recycles construction waste, carbon dioxide, and ethanol. The company focuses on the valorization of silica-containing materials from construction and demolition activities, aiming to create energy-efficient building solutions and materials for various industrial applications. By producing this innovative nanoporous material, Keey Aerogel provides effective thermal insulation in ambient conditions, contributing to sustainability in construction and refurbishment projects.

HEXANA

Grant in 2025
HEXANA develops an energy platform that integrates sodium-cooled fast-neutron reactors with a thermal management system and high-temperature storage to deliver flexible on-demand electricity and process heat while reducing nuclear waste. The modular reactors are designed for both on-site and grid-scale deployment, enabling flexible power production and direct industrial heat applications with emphasis on safety and waste management.

Extrajool

Seed Round in 2025
ExtraJool is a pioneering company that specializes in manufacturing waste heat recovery systems. These systems convert industrial waste heat into electricity, enabling clients to reduce their energy bills and lower their carbon footprint. By recycling lost heat and transforming it into a stable and cost-effective power source, ExtraJool's innovative technology offers a sustainable solution for industries seeking to decarbonize their operations.

Elyse Energy

Venture Round in 2024
Elyse Energy is a chemical manufacturing company specializing in the production of low-carbon molecules and sustainable aviation fuel. It designs, finances, builds, and operates plants to facilitate these processes, supporting industries in their transition to lower-carbon operations.

Beyond Aero

Series A in 2024
Beyond Aero designs and develops hydrogen-electric propulsion systems for business aviation, aiming to redefine private travel with zero-emission, six-passenger aircraft. The company is redesigning a CS23 airframe around hydrogen fuel-cell propulsion and an electric drive, integrating hydrogen storage, fuel cells, and advanced cooling to enable flights up to 800 nautical miles (approximately 1,500 km). Founded in 2020, it operates from offices in Toulouse, Paris, and Los Angeles and relies on a multinational engineering team. The business model centers on delivering energy-efficient private aviation powered by hydrogen-electric technology, seeking to reduce environmental impact compared with traditional jets. Beyond Aero has demonstrated progress with a manned hydrogen-electric flight in France and participates in industry initiatives advancing zero-emission aviation.

NRJx

Seed Round in 2024
NRJx is a technology company specializing in energy management solutions for manufacturing industries. It develops advanced software that optimizes power consumption, providing real-time monitoring, automated alerts for unusual consumption patterns, and seamless integration with existing ERP systems. This enables factories to enhance operational performance and minimize energy waste efficiently.

WattAnyWhere

Debt Financing in 2024
WattAnyWhere specializes in decentralized, adaptable solutions for delivering high power electricity. It focuses on shifting from fossil fuels to renewable sources and centralized infrastructure to customer-centric approaches.

CIXTEN

Seed Round in 2024
Cixten is a technology company that specializes in recycling low-temperature waste heat from various industrial processes. It achieves this by harnessing the unique properties of supercritical CO2, converting the waste heat into usable energy forms such as electricity, compressed gas, or thermal upgrades, as per the specific requirements of its clients. This process not only helps businesses reduce their reliance on traditional energy sources but also contributes to a more sustainable and efficient use of energy.

Q ENERGY France

Debt Financing in 2024
Q ENERGY France is an energy company that aims to provide easy access to clean and affordable energy. The company offers sustainable energy generation, storage, and selling clean electricity as an independent power producer. They offer renewable energy, solar plants, and repowering services.

Enerdigit

Venture Round in 2024
EnerDigit is an energy management company specializing in demand response services that promote flexibility within the electricity network. The company focuses on the valuation of consumer erasures, enabling manufacturers to adjust their electricity consumption by a few hours each year. By participating in this program, industrial clients can generate income equivalent to 5% of their electricity bills through 15 to 20 hours of consumption adjustment annually. EnerDigit plays a crucial role in the energy transition and the development of smart grids, assisting large electricity consumers in maintaining network stability during peak demand periods. This service not only helps avoid potential blackouts but also supports the efficient operation of the electrical grid.

Vision Technology

Pre Seed Round in 2024
Vision Technology is creating a novel technology for hydrogen combustion engines that fully utilizes the properties of hydrogen molecules. Their technologies provide exceptional compactness, reduced consumption, competitive and managed costs, and increased performance, all with exhaust emissions of 0% CO2!

Eléments

Venture Round in 2023
Eléments is a company based in Montpellier, France, that specializes in the development, construction, and operation of renewable energy projects. It focuses on producing and supplying green electricity through a diverse portfolio that includes wind farms, ground-based photovoltaic farms, and hydroelectric power plants. By providing decarbonized electricity, Eléments aims to deliver sustainable energy solutions that are competitive with conventional energy sources, positioning itself as a key player in the transition to a greener energy landscape.

CIXTEN

Debt Financing in 2023
Cixten is a technology company that specializes in recycling low-temperature waste heat from various industrial processes. It achieves this by harnessing the unique properties of supercritical CO2, converting the waste heat into usable energy forms such as electricity, compressed gas, or thermal upgrades, as per the specific requirements of its clients. This process not only helps businesses reduce their reliance on traditional energy sources but also contributes to a more sustainable and efficient use of energy.

NewHeat

Venture Round in 2023
NewHeat specializes in operating solar heat plants, transforming solar radiation into usable heat for industrial applications. It finances, engineers, procures, constructs, and operates these plants, utilizing solar thermal collectors to transfer energy to water, steam, or thermal oil.

Spark Cleantech

Grant in 2023
Spark Cleantech is a pioneering company developing a plasma technology to convert greenhouse gases into hydrogen fuel. Their proprietary process, called plasmolysis, uses cold pulsed plasma discharges to convert methane or carbon dioxide and methane mixtures into valuable products such as hydrogen, solid carbon, and carbon monoxide. This technology enables the production of competitive, on-site hydrogen, serving as a direct substitute for fossil fuels in decarbonizing industrial heat and powering the transport industry with carbon-neutral hydrogen fuel.

Heliup

Venture Round in 2023
Heliup is a company focused on the development and manufacturing of solar photovoltaic systems tailored for large commercial and industrial building rooftops. By creating lightweight solar modules, Heliup addresses the specific energy needs and structural limitations of these buildings. The company's solutions are designed to help building owners manage energy costs effectively while ensuring reliability and efficiency. Heliup's innovative approach enables enhanced energy self-consumption, making solar power more accessible and practical for large-scale applications.

VOLTA Entreprises

Venture Round in 2023
VOLTA Entreprises is a renewable energy producer. The Volta Group designs, finances, develops, constructs, and manages solar power plants in greenhouses, outdoors, and industrial and commercial structures. The entire value chain of energy projects is covered by the extensive expertise of the Volta Group. The Volta Group is a dependable partner for consumers, governments, and companies.

Fractal Energy

Seed Round in 2023
Fractal Energy is a company that provides a comprehensive solution to help residential customers reduce their electricity bills and lower their carbon footprint. They distribute a smart energy device, designed to facilitate the management and shifting of electricity consumption in homes. By leveraging this technology, Fractal Energy enables households to participate in the arbitration of energy consumption, creating new gateways between homes and the electricity network. This results in reduced greenhouse gas emissions and lower electricity bills for customers.

Caeli Énergie

Seed Round in 2023
Caeli Énergie develops and manufactures next-generation air conditioners with great energy efficiency and a minimal carbon impact.

Quobly

Seed Round in 2023
Quobly develops semiconductor-based technologies for large-scale quantum computing, aiming to unlock the full potential of quantum technologies. The company focuses on a fault-tolerant approach using established semiconductor fabrication methods.

Citron

Venture Round in 2023
Citron is a technology company focused on digitizing energy management for companies, communities, and landlords. Specializing in energy efficiency and property management, Citron offers a software-as-a-service platform that automates the management of energy and technical aspects of buildings. The platform collects data and provides insights into the performance of real estate portfolios, facilitating energy transition and regulatory compliance. By addressing measurement, analysis, optimization, and monitoring challenges, Citron enables its clients to enhance both their economic and environmental performance.

Hestiia

Venture Round in 2023
Hestiia is a manufacturer specializing in innovative electric radiators designed for energy efficiency. Their products aim to reduce energy consumption in buildings by utilizing waste heat recovery technology.

Equium

Seed Round in 2023
Equium is a manufacturer of acoustic thermal systems for sustainable residential heating. The company develops sound-based heat transfer solutions using environmentally friendly materials and aims for simplified installation without greenhouse gas refrigerants. Its technology enables homeowners and housing developers to reduce emissions and energy use with a low-maintenance alternative to traditional high-temperature heat pumps. Equium also collaborates with academic, industrial, and business partners in the Pays de la Loire and Brittany region to promote the market for acoustic heat pumps in France and to support reindustrialization and the creation of high-value local jobs that benefit the economy, society, and environment.

45-8 Energy

Seed Round in 2022
45-8 Energy is a helium exploration and production company that conducts subsurface exploration to locate helium and related resources and develops an eco-friendly, local helium supply chain in Europe. It pursues research and development to detect helium and near-surface resources and provides oil and gas consulting services to businesses, with a base in France and a focus on reducing the environmental impact of helium supply.

Qair

Venture Round in 2022
Qair is an Independent Power Producer with a portfolio of 860 MW renewable energy generation assets, specializing in wind, solar, hydroelectric, and green hydrogen projects across Africa, South-East Asia, South America, and Europe.

DCbrain

Venture Round in 2022
DCbrain is a deep-tech SaaS company that provides an optimization platform for the energy and supply chain sectors. The platform uses artificial intelligence and hybrid AI techniques to address complex network configurations, combining a visualization interface with a predictive analytics toolbox to help clients identify anomalies, prevent incidents, and forecast the future evolution of their networks. The solution relies on graph-based models and machine learning to ease operation and maintenance of industrial systems such as gas, water, electricity and logistics networks. Founded in 2014 and headquartered in Paris, DCbrain serves organizations seeking to optimize performance, reliability and resilience of their critical networks.

Collectif Énergie

Venture Round in 2022
Collectif Énergie is an energy brokerage and consulting agency that specializes in optimizing energy costs for businesses through a collective approach. By partnering with professional networks, it facilitates group purchases of electricity and gas, allowing companies to benefit from favorable pricing conditions tailored to their needs. Collectif Énergie also offers individual brokerage services, enabling clients to purchase energy effectively throughout the year. In addition to procurement, the agency provides comprehensive optimization services, including tax reduction strategies, bill optimization, and energy consumption monitoring and auditing. With a multidisciplinary team, Collectif Énergie adapts its solutions to the specific requirements of various professions and has established trust with over 70 partners. Through these initiatives, Collectif Énergie aims to enhance both the financial and ecological aspects of energy consumption for its members.

Kayrros

Venture Round in 2022
Kayrros is a prominent advanced data analytics company specializing in the energy sector, aiding global market participants in making informed investment decisions. With a team of over 100 professionals from more than 15 nationalities, the company operates from its headquarters in Paris and additional offices in Houston, London, New York, and Singapore. Kayrros integrates alternative and market data into unique product offerings that provide actionable insights in near real-time, utilizing advanced technologies. The company's platform focuses on environmental intelligence and asset observation, delivering critical insights on energy-transition risks and climate impacts. This enables decision-makers in various sectors, including government and investment markets, to evaluate the effects of energy and industrial activities on the environment, thereby facilitating better and faster decision-making. Kayrros continuously expands its solutions to enhance transparency in the global energy markets.

Kyotherm

Venture Round in 2022
Kyotherm specializes in financing renewable heat production projects and energy efficiency initiatives. It supports developers, service providers, manufacturers, and consumers by securing third-party finance for their projects, focusing on technologies like geothermal, biomass, solar thermal, waste heat recovery, heat pumps, and energy flexibility.

NewHeat

Venture Round in 2021
NewHeat specializes in operating solar heat plants, transforming solar radiation into usable heat for industrial applications. It finances, engineers, procures, constructs, and operates these plants, utilizing solar thermal collectors to transfer energy to water, steam, or thermal oil.

Beem Energy

Series A in 2021
Beem provides a simple-to-install solar kit. The Beem solar kit allows users to generate green electricity in just a few minutes. A simple installation that anyone can do to get started with solar energy. Beem was founded in 2018 by Arthur Kenzo, Ralph Feghali, and Pierre-Emmanuel Roger.

Advizeo

Venture Round in 2021
Advizeo specialises in energy management solutions for communities and real estate agents. They offer consulting services, including data analysis and gathering, to help clients swiftly adapt to evolving energy systems and significantly reduce energy consumption, thereby lowering operational costs with minimal investment.

Solstyce

Venture Round in 2021
Solstyce is a Paris-based provider of energy transition and environmental innovation solutions. The company offers a comprehensive range of services, including photovoltaic systems, electric mobility solutions, insulation, waterproofing, and carbon performance management. Solstyce aims to address the evolving needs of its clients by providing a one-stop-shop for environmental innovation. With a focus on optimizing energy usage and reducing carbon footprints, the expert team at Solstyce develops cutting-edge solutions tailored to the specific requirements of their clients. From the installation of rooftop solar panels to the implementation of electric vehicle charging infrastructure, Solstyce is dedicated to enhancing the sustainability of operations across various sectors.

Greenly

Seed Round in 2021
Greenly provides a carbon accounting and management platform that helps companies track, measure, and reduce greenhouse gas emissions. It delivers GHG protocol compliant disclosures and Net Zero strategies aligned with the Science Based Targets initiative, and automates data collection by integrating with customers' accounting and billing systems for real-time emission analysis and ongoing carbon reporting. The platform supports industry-specific implementations with activity-based tracking apps for verticals such as freight, electricity, cloud, inventory management, and financed emissions, and helps procurement teams implement sustainable purchasing policies and engage suppliers to decarbonize the supply chain. Greenly focuses on practical, scalable solutions beyond traditional consulting, enabling continuous monitoring, reduction, and offsetting in line with international carbon accounting standards.

Sun'R

Venture Round in 2021
Sun'R is a Paris-based company focused on the development, construction, and operation of photovoltaic energy production plants. It operates a portfolio of rooftop-mounted photovoltaic projects with a total capacity of 10 MWp. The firm employs a diverse team of engineers, mathematicians, and computer scientists who create in-house technologies for operational management and optimization. Sun'R is dedicated to advancing renewable energy solutions by leveraging its expertise in energy generation and storage technologies tailored to specific environmental needs.

Nextflow Software

Debt Financing in 2020
Nextflow Software is an independent software vendor specializing in computational fluid dynamics (CFD) and hydrodynamics. Founded in 2015 and based in Nantes, France, the company develops advanced simulation software that aids clients across various industries, including automotive, aeronautics, marine, and energy. Its solutions address a range of applications, such as sloshing and ditching for aeronautics, river crossing and hydroplaning for automotive, as well as dam break and flooding scenarios for the energy sector. Nextflow Software's offerings include a suite of tools that facilitate accurate and efficient simulations, thus enabling users to optimize designs and reduce engineering cycles. The company aims to provide a fully integrated simulation and analysis workflow through its innovative software solutions.

stations-e

Debt Financing in 2019
Stations-e is a company that specializes in the deployment and management of electric charging stations for municipalities and businesses. Founded in 2018 and based in Boussy-Saint-Antoine, France, the company focuses on promoting sustainable mobility by providing charging services to electric vehicle owners. Stations-e operates without relying on public funds, which allows it to support the growth of electric vehicle usage while offering efficient communication solutions through blockchain technology. In addition to its core services, the company also provides access to mobile broadband in Europe, enhancing connectivity for its users.

Kyotherm

Venture Round in 2019
Kyotherm specializes in financing renewable heat production projects and energy efficiency initiatives. It supports developers, service providers, manufacturers, and consumers by securing third-party finance for their projects, focusing on technologies like geothermal, biomass, solar thermal, waste heat recovery, heat pumps, and energy flexibility.

Apex Energies

Private Equity Round in 2018
Apex Energies is an independent producer of green energy, recognized as a pioneer in solar photovoltaic technology. Based in Montpellier, the company specializes in developing, owning, and operating solar power plants, including isolated sites and solar water heaters, throughout France and its overseas departments. Apex Energies focuses on reconciling photovoltaic development with environmental and societal challenges, offering a comprehensive range of services that encompass the design, engineering, construction, financing, and maintenance of solar energy systems. By providing these solutions, the company enables its clients to reduce their energy bills and minimize their carbon footprints, positioning itself as a leader in the renewable energy market.

GreenYellow

Private Equity Round in 2018
GreenYellow is a company that specializes in generating electricity through centralized power plants and decentralized photovoltaic projects. It offers solar panels and provides energy supply services to a diverse range of clients, including food and non-food retailers, government agencies, public utilities, and energy providers. The company's focus on energy efficiency includes operating energy efficiency contracts and offering monitoring services that help clients reduce their energy costs. By promoting solar photovoltaics and energy optimization, GreenYellow enables its customers to produce and manage clean energy, thereby creating value and providing a more affordable alternative to conventional energy sources.

Enerdigit

Venture Round in 2018
EnerDigit is an energy management company specializing in demand response services that promote flexibility within the electricity network. The company focuses on the valuation of consumer erasures, enabling manufacturers to adjust their electricity consumption by a few hours each year. By participating in this program, industrial clients can generate income equivalent to 5% of their electricity bills through 15 to 20 hours of consumption adjustment annually. EnerDigit plays a crucial role in the energy transition and the development of smart grids, assisting large electricity consumers in maintaining network stability during peak demand periods. This service not only helps avoid potential blackouts but also supports the efficient operation of the electrical grid.

DCbrain

Series A in 2018
DCbrain is a deep-tech SaaS company that provides an optimization platform for the energy and supply chain sectors. The platform uses artificial intelligence and hybrid AI techniques to address complex network configurations, combining a visualization interface with a predictive analytics toolbox to help clients identify anomalies, prevent incidents, and forecast the future evolution of their networks. The solution relies on graph-based models and machine learning to ease operation and maintenance of industrial systems such as gas, water, electricity and logistics networks. Founded in 2014 and headquartered in Paris, DCbrain serves organizations seeking to optimize performance, reliability and resilience of their critical networks.

Effigénie

Venture Round in 2017
Effigénie SAS, founded in 2011 and based in Lille, France, specializes in energy management software. The company's flagship product, Effipilot, is designed to optimize energy usage in tertiary buildings, achieving a reduction in energy consumption by more than 20%. In addition to enhancing energy efficiency, Effipilot also focuses on improving occupant comfort, making it a valuable solution for organizations seeking to manage their energy resources more effectively.

Energiency

Series A in 2017
Energiency provides a software as a service platform that helps industrial and manufacturing organizations assess and manage energy performance. Its AI-based energy analytics detects and visualizes new energy savings opportunities, offering monitoring, diagnostics, and action plans to optimize energy use across web and mobile interfaces. The platform supports continuous improvement by delivering ongoing energy plans, enabling plants and facilities to identify savings opportunities, reduce energy consumption, and lower carbon dioxide emissions.

Qivivo

Venture Round in 2015
Qivivo is an energy management company that helps households lower energy bills by automating home heating. It provides an intelligent thermostat and a connected heating box that automatically adjusts heating to optimize comfort while reducing energy use. The system targets the significant share of energy costs attributed to heating and aims to improve efficiency without compromising comfort. The service can be accessed through a subscription-based thermostat and may leverage artificial intelligence in related thermal products to further enhance energy savings.

DualSun

Series B in 2014
DualSun is a company specializing in innovative solar technology aimed at enhancing energy efficiency in buildings. It has developed dual-intelligent solar panels that generate both electricity and hot water, allowing for optimal energy utilization while minimizing the required roof space. Unlike conventional photovoltaic panels that waste heat, DualSun's panels incorporate a heat exchanger that captures and repurposes this energy for domestic hot water production. This dual functionality not only promotes self-sufficiency in energy use but also enables consumers to achieve significant energy savings, making energy consumption more economical. DualSun's approach supports the development of positive energy buildings, contributing to a more sustainable future.

IJENKO (mobigard)

Venture Round in 2014
IJENKO is helping Energy Service Providers and their customers to develop a new participative and collective engagement towards smart home energy management and its natural contribution to a more sustainable energy consumption.
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