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 Steel

GravitHy

Venture Round in 2025
GravitHy is a sustainable iron and steel company dedicated to decarbonizing steel production through innovative technologies. It specializes in the production of low CO₂ Direct Reduced Iron (DRI) using renewable hydrogen, aiming to significantly lower the carbon footprint associated with steel manufacturing. By leveraging green hydrogen, GravitHy facilitates the creation of zero-carbon steel, addressing the increasing demand for environmentally friendly industrial practices. The company's initiatives support a transition towards a greener industrial sector, positioning it as a leader in the effort to revolutionize steel production sustainably.

GravitHy

Seed Round in 2024
GravitHy is a sustainable iron and steel company dedicated to decarbonizing steel production through innovative technologies. It specializes in the production of low CO₂ Direct Reduced Iron (DRI) using renewable hydrogen, aiming to significantly lower the carbon footprint associated with steel manufacturing. By leveraging green hydrogen, GravitHy facilitates the creation of zero-carbon steel, addressing the increasing demand for environmentally friendly industrial practices. The company's initiatives support a transition towards a greener industrial sector, positioning it as a leader in the effort to revolutionize steel production sustainably.

Stegra

Series A in 2021
Stegra operates a state-of-the-art steel production plant focused on decarbonizing the European steel industry. The company's facility is designed as a fully integrated, digitalized, and automated greenfield site that combines raw materials, renewable energy, local expertise, and artificial intelligence. By replacing CO2-intensive coal with green hydrogen, Stegra enables the production of fossil-free steel at competitive costs. The plant includes a large-scale green hydrogen production unit, which is integral to its steel manufacturing process.
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