EIT InnoEnergy

Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.

Mikel Lasa

Managing Director

Christian Müller

CEO of KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Johanne Ulrich

Investment Director, France

Karine Vernier

Co-CEO, France and Executive Board Member

Lowina Lundström

CEO

Past deals in Solar Energy

Heliup

Venture Round in 2024
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.

FutureVoltaics

Seed Round in 2024
FutureVoltaics is a renewable energy technology company that specializes in solar power solutions. It manufactures innovative, vertical bifacial solar panels equipped with unique reflectors, designed to generate energy efficiently even in challenging weather conditions such as winter, early morning, late afternoon, and cloudy days. This innovative approach aims to provide customers with affordable, reliable power while minimizing maintenance requirements.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

Swedish Algae Factory

Venture Round in 2024
Swedish Algae Factory AB, founded in 2014 and headquartered in Gothenburg, Sweden, specializes in the development of algae cultivation and wastewater treatment systems. The company focuses on extracting a nanoporous silica shell from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results, indicating a significant increase in solar panel efficiency when this innovative material is applied. Additionally, the nanoporous material has versatile applications, allowing it to absorb or release particles based on environmental conditions, making it suitable for use in skincare products for moisturizing, cleaning, and UV protection.

Holosolis

Seed Round in 2024
Holosolis is a European manufacturer specializing in the production of photovoltaic modules. Its mission is to support the EU's energy sovereignty objectives and combat global warming. The company aims to construct Europe's largest photovoltaic panel factory, offering a scalable, low-carbon footprint, and socially responsible solution to meet the increasing demand for renewable energy.

HPS

Venture Round in 2024
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.

ROSI

Venture Round in 2024
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

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.

FutureVoltaics

Pre Seed Round in 2023
FutureVoltaics is a renewable energy technology company that specializes in solar power solutions. It manufactures innovative, vertical bifacial solar panels equipped with unique reflectors, designed to generate energy efficiently even in challenging weather conditions such as winter, early morning, late afternoon, and cloudy days. This innovative approach aims to provide customers with affordable, reliable power while minimizing maintenance requirements.

Phytonics

Seed Round in 2023
Phytonics is a company that specializes in developing innovative anti-reflective coating products designed for photovoltaic modules. Its offerings include a broadband, omnidirectional anti-reflective coat that enhances light-trapping capabilities, thereby improving the efficiency of solar energy capture. By utilizing glare-free solar modules, Phytonics aims to facilitate the transition to renewable energy sources, making solar power more accessible and effective for users.

ROSI

Series A in 2022
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

Norwegian Crystals

Venture Round in 2022
Norwegian Crystals is a manufacturer specializing in high-quality, low-carbon monocrystalline silicon products, including bricks, wafers, and ingots. These products are utilized as substrates in the photovoltaic industry, contributing to the production of solar cells and solar modules. The company offers both p-type and n-type monoblocks, employing a proprietary pulling process and design to ensure efficiency and sustainability in its manufacturing practices. Norwegian Crystals is committed to supporting clients in their efforts to reduce harmful emissions and promote environmentally friendly energy solutions.

NexWafe

Series C in 2021
NexWafe GmbH, established in 2015 and headquartered in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs an innovative continuous gas-to-wafer manufacturing process that minimizes waste, enabling the production of high-quality wafers at a significantly lower cost compared to conventional options. These wafers are designed to be fully compatible with existing cell and module fabrication processes, making them an attractive choice for manufacturers in the solar energy sector. By providing efficient and cost-effective solutions, NexWafe aims to play a pivotal role in the transition towards sustainable energy.

VoltStorage

Series B in 2021
VoltStorage GmbH is a German company specializing in the development and production of solar energy storage systems. Based in Olching, Germany, it utilizes eco-friendly vanadium redox flow technology to create power storage devices that allow homeowners to store surplus solar energy generated during the day for use at night. This innovative approach aims to provide renewable energy availability around the clock, contributing to a cleaner and fairer world for future generations. VoltStorage also offers installation and technical support services for its products, which are sold online. The company's commitment to sustainability underscores its mission to enhance the accessibility of renewable energy.

SunRoof

Seed Round in 2021
SunRoof International Holding AB, founded in 2013 and headquartered in Stockholm, Sweden, specializes in the manufacture and sale of 2-in-1 solar roofs and innovative façades that generate electricity without the need for traditional photovoltaic modules. With additional locations in Munich, Germany, and Lodz and Gdansk, Poland, the company targets both residential and commercial sectors. SunRoof's products serve as a sustainable alternative to conventional roofing, offering high efficiency and a low carbon footprint while enhancing the aesthetic appeal of buildings. The company's mission focuses on accelerating the global transition to renewable energy by providing roofs that can meet the entire energy demands of a building through electricity generation.

Solarworx

Seed Round in 2021
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

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.

ROSI

Seed Round in 2021
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

SunRoof

Seed Round in 2020
SunRoof International Holding AB, founded in 2013 and headquartered in Stockholm, Sweden, specializes in the manufacture and sale of 2-in-1 solar roofs and innovative façades that generate electricity without the need for traditional photovoltaic modules. With additional locations in Munich, Germany, and Lodz and Gdansk, Poland, the company targets both residential and commercial sectors. SunRoof's products serve as a sustainable alternative to conventional roofing, offering high efficiency and a low carbon footprint while enhancing the aesthetic appeal of buildings. The company's mission focuses on accelerating the global transition to renewable energy by providing roofs that can meet the entire energy demands of a building through electricity generation.

Enervalis

Series A in 2020
Enervalis is a software development company that specializes in sustainable energy solutions for electric vehicles, buildings, and microgrids. Its innovative energy management platform monitors various energy sources and user behavior, utilizing advanced technologies such as artificial intelligence and big data to predict future energy demand and supply. The platform optimizes energy efficiency by providing insights into energy flows and maintenance needs, allowing for the integration of locally-produced renewable energy from sources like solar, wind, and geothermal. Furthermore, Enervalis enables users, including electricity producers and storage providers, to manage their energy consumption effectively through a centralized dashboard, which helps reduce excess energy usage and lower energy costs. By promoting the efficient distribution of energy, Enervalis contributes to a more sustainable energy ecosystem.

Solarworx

Seed Round in 2020
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

VoltStorage

Venture Round in 2020
VoltStorage GmbH is a German company specializing in the development and production of solar energy storage systems. Based in Olching, Germany, it utilizes eco-friendly vanadium redox flow technology to create power storage devices that allow homeowners to store surplus solar energy generated during the day for use at night. This innovative approach aims to provide renewable energy availability around the clock, contributing to a cleaner and fairer world for future generations. VoltStorage also offers installation and technical support services for its products, which are sold online. The company's commitment to sustainability underscores its mission to enhance the accessibility of renewable energy.

Energy Floors

Seed Round in 2020
Energy Floors specializes in the design and construction of innovative flooring systems that convert kinetic and solar energy into usable electricity. The company creates, manufactures, and sells pedestrian flooring solutions that harness energy generated from human movement, making energy production both visible and participatory. These systems are particularly suited for integration into pavements and high foot traffic areas, fostering public engagement in renewable energy generation. By transforming everyday interactions with the floor into a source of sustainable power, Energy Floors aims to enhance awareness and participation in renewable energy initiatives.

Ener-Pacte

Seed Round in 2020
Ener-Pacte specializes in the operation, security, and optimization of photovoltaic power plants, addressing the increasing challenges faced by large-scale solar installations in France and beyond. The company offers comprehensive support to owners of non-professional photovoltaic systems, focusing on enhancing the financial performance of these projects. By providing practical and effective solutions, Ener-Pacte aims to ensure the profitability and sustainability of photovoltaic plants, helping clients secure their income and navigate the complexities of the solar energy market.

RVE.SOL - Solucoes de Energia Rural

Series A in 2020
Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5. RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for the rural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future. Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture. A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate: 1. Access to clean water to obviate transmission of water borne disease 2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night 3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food 4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers. Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.

AEInnova

Series A in 2020
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.

RVE.SOL - Solucoes de Energia Rural

Series A in 2018
Rural populations forced reliance on biomass and kerosene for their energy needs is causing over 1.6M# deaths per annum. Their lack of access to clean water causes over 5M people to die; 2M of them are children under the age of 5. RVE.SOL's _Changing Rural Life Forever_ initiative is creating alternative, renewable energy choices for the rural poor, allowing them to take advantage of natural resources like sunlight, cattle manure and raw water to manage their own way to a better future. Our _KUDURA_ rural village energy hub is community managed; provides communities with potable water, solar electricity, biogas for cooking and organic fertiliser for agriculture. A holistic approach, the solution seeks to target the four areas of rural life that prevalently cause poverty to propagate: 1. Access to clean water to obviate transmission of water borne disease 2. Access to renewable electricity to obviate the dependance on kerosene for light and improve children's opportunity to study at night 3. Access to Biogas to obviate mass destruction of primary forest in a bid to be able to cook food 4. Access to fertiliser to reinvigorate over-used soils and so increase quality and quantity of crop harvest for subsistence farmers. Ultimately, this approach seeks to create wealth for rural farmers by offering a choie of more cost effective and efficient services utilising naturally available resources.

Nines Photovoltaics

Venture Round in 2018
Nines Photovoltaics is an innovative company focused on revolutionizing the manufacturing process of photovoltaic (PV) solar cells. By developing a high throughput dry etching process platform, the company addresses the significant financial and environmental costs associated with traditional PV production methods, which often rely on water, vacuum pumps, and high Global Warming Potential chemicals. Nines' technology operates at atmospheric pressure and in dry environments, eliminating the need for greenhouse gases, while facilitating high volume inline production. This approach not only reduces the cost per watt of PV electricity generation but also enhances the scalability and sustainability of manufacturing processes across the industry. Nines Photovoltaics aims to serve PV solar cell manufacturers worldwide, promoting a paradigm shift in the sector and contributing to the advancement of renewable energy solutions.

Solaris Offgrid

Venture Round in 2017
Solaris Offgrid is a company dedicated to addressing energy poverty in developing regions, particularly in rural Africa, where over one billion people lack access to clean and affordable electricity. It specializes in the development, manufacturing, and installation of solar energy systems that leverage smart technology and mobile payments. The company's flagship product, a pay-as-you-go solar home system, facilitates the provision of essential services such as LED lighting, communication, and media, while also offering opportunities for enterprise and access to finance. By empowering local entrepreneurs with the necessary hardware, software, and technical expertise, Solaris Offgrid fosters sustainable off-grid energy ventures that enable communities to build and maintain their own micro-energy businesses, ultimately creating a scalable model for real energy access.

Swedish Algae Factory

Seed Round in 2017
Swedish Algae Factory AB, founded in 2014 and headquartered in Gothenburg, Sweden, specializes in the development of algae cultivation and wastewater treatment systems. The company focuses on extracting a nanoporous silica shell from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results, indicating a significant increase in solar panel efficiency when this innovative material is applied. Additionally, the nanoporous material has versatile applications, allowing it to absorb or release particles based on environmental conditions, making it suitable for use in skincare products for moisturizing, cleaning, and UV protection.

NexWafe

Venture Round in 2017
NexWafe GmbH, established in 2015 and headquartered in Freiburg im Breisgau, Germany, specializes in the manufacturing and supply of monocrystalline silicon wafers for solar cell producers. The company employs an innovative continuous gas-to-wafer manufacturing process that minimizes waste, enabling the production of high-quality wafers at a significantly lower cost compared to conventional options. These wafers are designed to be fully compatible with existing cell and module fabrication processes, making them an attractive choice for manufacturers in the solar energy sector. By providing efficient and cost-effective solutions, NexWafe aims to play a pivotal role in the transition towards sustainable energy.

Ferroamp Elektronik

Seed Round in 2016
Ferroamp Elektronik AB specializes in developing and manufacturing innovative power electronics aimed at enhancing the efficiency of electrical energy use. The company's primary product is the ACE, a four-quadrant inverter that facilitates quicker electric vehicle charging and helps reduce grid fees. ACE is a component of the modular EnergyHub system, which can be expanded with solar cells and energy storage solutions according to user needs. This smart grid concept optimizes the versatility and economic viability of solar installations, benefiting both homeowners and utility companies. Additionally, Ferroamp offers a range of energy optimization solutions, including solar string optimizers, energy storage optimizers, and adaptive equalization, primarily catering to property companies, energy consultants, and electric power firms.

AEInnova

Private Equity Round in 2014
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.
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