EIT InnoEnergy

EIT InnoEnergy, established in 2010 and based in Eindhoven, Netherlands, serves as an innovation engine for sustainable energy across Europe. The organization focuses on enhancing the success of start-ups and facilitating the growth of small and medium-sized enterprises (SMEs) while assisting corporations in mitigating risks associated with open innovation. By leveraging a global network of partners, EIT InnoEnergy connects entrepreneurs, investors, and industry stakeholders to foster collaboration and drive the development of market-ready solutions. The firm invests in seed-stage and early-stage companies across various sectors, including energy, climate technology, clean technology, and mobility. With the support of the European Institute of Innovation and Technology, EIT InnoEnergy aims to create an environment conducive to innovation and entrepreneurship, maximizing impact in the sustainable energy landscape.

Jacob Ruiter

CEO Benelux

Karine Vernier

Co-CEO, France and Executive Board Member

Past deals in Fuel Cell

The Batteries

Series A in 2022
The Batteries was founded in 2015 by a group of engineers and managers, having over 15 years of experience in designing and manufacturing of thin-film production equipment and manufacturing processes. The major area of company's expertise is engineering of vacuum-based equipment and in-line technological processes, capable of providing high quality, high productivity rate and cost-efficiency of thin-film manufacturing processes.

Altris

Series A in 2022
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

Swobbee

Series A in 2022
An intermodal energy network with battery swapping machines for LEVs - the "gas station" for e-micromobility. Swobbee, tackles a problem of (shared) micro and light electric fleets: the constant availability of fully charged batteries at an affordable price!

NexWafe

Series C in 2021
NexWafe GmbH, founded in 2015 and based in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs a continuous, direct gas-to-wafer manufacturing process that minimizes waste, resulting in wafers that are both more efficient and less expensive than conventional options. These high-quality wafers are fully compatible with standard cell and module fabrication, allowing solar cell manufacturers to enhance their production capabilities while significantly reducing costs. NexWafe's innovative approach contributes to the advancement of sustainable energy by facilitating the transition to more affordable green solar technology.

VoltStorage

Series B in 2021
VoltStorage GmbH is a company based in Olching, Germany, specializing in the development and production of solar energy storage systems. Utilizing eco-friendly vanadium redox flow technology, VoltStorage creates power storage devices that capture surplus solar energy during the day for use at night. This innovative approach allows homeowners to maximize the efficiency of their solar panel systems, ensuring a consistent supply of renewable energy even during periods of low sunlight. In addition to its products, VoltStorage offers installation and technical support services, facilitating a seamless transition to sustainable energy solutions. The company's mission is to promote 100 percent renewable energy availability, contributing to a cleaner and fairer world for future generations.

Verkor

Venture Round in 2021
Verkor is a French industrial company set to amplify battery cell production.

FineCell

Seed Round in 2021
FineCell is a manufacturer of sustainable cellulose microfibers, established in 2015 in Linköping, Sweden, by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li. The company specializes in producing renewable and high-performance nanomaterials derived from forest resources. FineCell's cellulose microfibers exhibit unique physical and chemical properties that differentiate them from competing products, offering distinct benefits for various applications. These materials can be used as reinforcement, barriers, or fillers in industries such as packaging, automotive, personal care, food, pharmaceuticals, membranes, and paints. By enabling manufacturers to utilize cost-effective and simpler raw materials, FineCell contributes to reduced carbon footprints and supports sustainable product development. The company has received backing from Vinnova, Sweden’s innovation agency, and EIT InnoEnergy.

Northvolt

Venture Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Stegra

Series A in 2021
Stegra operates a steel production facility focused on decarbonizing the European steel industry through fossil-free manufacturing processes. Located in Boden, Sweden, the plant aims to leverage unique conditions for cost-competitive production of green steel. The facility integrates a giga-scale green hydrogen plant, enabling the replacement of traditional coal-based methods with green hydrogen, water, and heat as primary emissions. This innovative approach combines raw materials, renewable energy, local expertise, and artificial intelligence to create a fully integrated and automated steel production process. With production set to commence in 2024, Stegra projects an annual capacity of five million tons of high-quality steel by 2030, positioning itself as a leader in providing fossil-free steel to large European OEMs at competitive costs.

CorPower Ocean

Venture Round in 2021
CorPower Ocean AB, founded in 2009 and headquartered in Hägersten, Sweden, specializes in the development of high-efficiency wave energy converters (WECs). These innovative devices, designed to harness energy from ocean waves, utilize a heaving buoy that captures energy from both surge and heave motions. The buoy is connected to the seabed with a taut mooring line, featuring a pneumatic pre-tension module that enhances stability and efficiency. CorPower's WECs are noted for delivering five times higher annual energy output per ton compared to earlier wave power technologies, making them competitive with offshore wind in terms of cost-effectiveness. The company is currently testing its products in collaboration with Iberdrola and boasts a team with substantial expertise in energy generation, design, and system engineering. CorPower Ocean aims to contribute to the transition towards zero-carbon energy by providing a reliable and economical source of electricity derived from ocean waves.

HPS

Series A in 2021
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

Altris

Series A in 2021
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

Rivus

Venture Round in 2020
Operator of a green technology company intended to develop novel organic electrolytes for flow batteries. The company's products consist of only abundantly available elements, redox-active molecules that can be synthesized on a large scale and with a small environmental footprint compared to conventional technologies, enabling cost-effective, eco-friendly grid-scale energy storage.

Celcibus

Seed Round in 2020
Celcibus AB is a Swedish innovation company with strong expertise in materials for clean energy solutions. Its patented catalyst was developed to provide fuel cells with sustainable, high-performance, noble-metal free power solutions for transport, household, and industrial applications.

BeePlanet Factory

Seed Round in 2020
BeePlanet Factory, founded in 2018 and based in Noáin, Comunidad Foral de Navarra, specializes in developing energy storage systems utilizing second-life batteries from electric vehicles, known as B2U (Battery 2nd Use). These repurposed batteries retain 70% to 80% of their original storage capacity, making them suitable for a variety of applications, particularly in stationary energy storage. By focusing on the reuse of these batteries, BeePlanet Factory aims to provide clean energy solutions for commercial and small industrial sectors, promoting sustainable energy consumption and contributing to an emission-free future.

Elaphe

Series A in 2020
Elaphe specializes in the research, development, and manufacturing of in-wheel motors for electric vehicles (EVs), aiming to transform the landscape of electric mobility. By focusing on innovative electric wheel propulsion systems, the company enables vehicle manufacturers to move beyond conventional design limitations, allowing for the creation of unique and adaptable vehicles tailored to evolving mobility demands. Elaphe has successfully produced multiple generations of in-wheel motor prototypes, which are currently undergoing testing across various vehicle types, serving both as demonstration models and as a means to meet automotive industry standards and regulations. Additionally, the company's expertise extends to renewable energy, bolstered by strategic research initiatives that have fostered valuable connections within the sector. Elaphe is poised to meet the production needs of Tier 1 suppliers and original equipment manufacturers (OEMs), contributing to significant reductions in raw material consumption, energy use, and carbon dioxide emissions as in-wheel technology gains market acceptance.

Hymeth

Seed Round in 2020
Hymeth is a privately held company based in Soborg, Denmark, established in 2016. It specializes in the production of sustainable gases, specifically through its innovative technology that combines hydrogen and methane. The company has developed an electromagnetic electrolyzer that efficiently splits water into hydrogen and oxygen, subsequently producing methane. This process allows for the conversion of excess renewable electrical energy into hydrogen, facilitating easier storage and refueling for fuel cell vehicles. Additionally, Hymeth's technology serves various industries, including shipping and mining, by providing safer and more environmentally friendly fuel alternatives compared to traditional options.

CorPower Ocean

Venture Round in 2020
CorPower Ocean AB, founded in 2009 and headquartered in Hägersten, Sweden, specializes in the development of high-efficiency wave energy converters (WECs). These innovative devices, designed to harness energy from ocean waves, utilize a heaving buoy that captures energy from both surge and heave motions. The buoy is connected to the seabed with a taut mooring line, featuring a pneumatic pre-tension module that enhances stability and efficiency. CorPower's WECs are noted for delivering five times higher annual energy output per ton compared to earlier wave power technologies, making them competitive with offshore wind in terms of cost-effectiveness. The company is currently testing its products in collaboration with Iberdrola and boasts a team with substantial expertise in energy generation, design, and system engineering. CorPower Ocean aims to contribute to the transition towards zero-carbon energy by providing a reliable and economical source of electricity derived from ocean waves.

VoltStorage

Venture Round in 2020
VoltStorage GmbH is a company based in Olching, Germany, specializing in the development and production of solar energy storage systems. Utilizing eco-friendly vanadium redox flow technology, VoltStorage creates power storage devices that capture surplus solar energy during the day for use at night. This innovative approach allows homeowners to maximize the efficiency of their solar panel systems, ensuring a consistent supply of renewable energy even during periods of low sunlight. In addition to its products, VoltStorage offers installation and technical support services, facilitating a seamless transition to sustainable energy solutions. The company's mission is to promote 100 percent renewable energy availability, contributing to a cleaner and fairer world for future generations.

LeadCold

Series A in 2020
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources

Altris

Seed Round in 2020
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

Ingelia

Series A in 2020
Ingelia is a technology-driven company based in Valencia, Spain, focusing on research and development in the renewable energy sector. The company operates hydrothermal carbonization plants that convert organic, vegetable, and food waste into biofuel. By transforming organic waste into hydrochar, Ingelia effectively reduces greenhouse gas emissions and allows clients to valorize their waste. This process not only promotes sustainability but also contributes to environmental protection, aligning with global efforts to manage waste and reduce carbon footprints. Ingelia is supported by multinational shareholders from Spain, Austria, England, and Italy, underscoring its international collaboration in advancing renewable energy solutions.

Celcibus

Seed Round in 2020
Celcibus AB is a Swedish innovation company with strong expertise in materials for clean energy solutions. Its patented catalyst was developed to provide fuel cells with sustainable, high-performance, noble-metal free power solutions for transport, household, and industrial applications.

BeePlanet Factory

Seed Round in 2020
BeePlanet Factory, founded in 2018 and based in Noáin, Comunidad Foral de Navarra, specializes in developing energy storage systems utilizing second-life batteries from electric vehicles, known as B2U (Battery 2nd Use). These repurposed batteries retain 70% to 80% of their original storage capacity, making them suitable for a variety of applications, particularly in stationary energy storage. By focusing on the reuse of these batteries, BeePlanet Factory aims to provide clean energy solutions for commercial and small industrial sectors, promoting sustainable energy consumption and contributing to an emission-free future.

Volterion

Series A in 2018
Volterion GmbH manufactures and sells compact size redox flow batteries for private homes for the storage of renewable energies. The company offers redox flow stacks, redox flow modules, and redox flow systems. The company was founded in 2015 and is headquartered in Dortmund, Germany.

Volterion

Venture Round in 2018
Volterion GmbH manufactures and sells compact size redox flow batteries for private homes for the storage of renewable energies. The company offers redox flow stacks, redox flow modules, and redox flow systems. The company was founded in 2015 and is headquartered in Dortmund, Germany.

Hysilabs SAS

Venture Round in 2018
HySiLabs SAS, founded in 2015 and based in Aix en Provence, France, specializes in generating hydrogen on demand through a unique process that combines two stable liquids. The company's innovative technology utilizes a hydrogen-based liquid carrier system, allowing for the release and consumption of hydrogen without generating emissions. This system retains the benefits of an energy-dense hydrogen vector while avoiding common storage challenges. HySiLabs' solution offers a safe and efficient logistics supply chain comparable to existing liquid fuels, enabling transportation at ambient temperature and pressure. The versatility of its technology allows for a wide range of applications across various markets, providing a flexible and user-friendly energy source.

NexWafe

Venture Round in 2017
NexWafe GmbH, founded in 2015 and based in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs a continuous, direct gas-to-wafer manufacturing process that minimizes waste, resulting in wafers that are both more efficient and less expensive than conventional options. These high-quality wafers are fully compatible with standard cell and module fabrication, allowing solar cell manufacturers to enhance their production capabilities while significantly reducing costs. NexWafe's innovative approach contributes to the advancement of sustainable energy by facilitating the transition to more affordable green solar technology.

C2C-NewCap

Seed Round in 2016
C2C-NewCap seeks to provide next-generation devices for storing electrical energy and aims to deliver high efficiency energy solutions. Charge2CNewCap was founded in 2014 by Rui Silva and Andre Mao de Ferro and is based in Lisbon.

Ferroamp

Seed Round in 2016
Ferroamp Elektronik AB develops, manufactures, and markets innovative power electronics for a more efficient use of electrical energy. Its first product is ACE. Based on our 4-quadrant inverter technology ACE enables faster EV charging and reduced grid fees. ACE is part of the modular EnergyHub system that can be expanded with solar cells and energy storage as the need arises. This smart grid concept improves the versatility and profitability of solar cell installations and it brings benefits to homeowners as well as grid companies.

LeadCold

Grant in 2015
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources

HYGEN

Seed Round in 2015
HYGEN, SIA, established in 2009 and based in Riga, Latvia, specializes in the distribution of home refueling appliances for gaseous fuel-powered vehicles. The company has developed a unique home fueling solution that allows users to refuel their vehicles in just three minutes using the existing household or office gas distribution grid. This innovation addresses key challenges in the natural gas vehicle market by creating a decentralized refueling infrastructure. HYGEN's proprietary liquid piston gas compression technology significantly enhances the efficiency and longevity of the fueling process, reducing maintenance needs and costs. By transforming the perception of natural gas vehicles into a more modern and appealing option, the company enables gas utilities to tap into the transportation fuel market, offering clean and cost-effective fueling solutions at consumers' doorsteps.
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