Thorizon is a deep-tech startup based in Amsterdam and Lyon that specializes in the development of thorium molten salt reactor technology aimed at sustainable energy production. Originating as a spin-off from the Dutch Nuclear Research Institute, the company seeks to create small modular nuclear reactors that complement renewable sources such as wind and solar. Thorizon is focused on rapidly developing a reactor that is both safe and capable of utilizing long-lived nuclear waste as fuel, thereby contributing to circular energy solutions. The company is currently enhancing its financial position to construct a non-nuclear molten salt demonstrator and finalize the design for its first reactor, Thorizon One, slated for completion by 2030. Collaborating with industry leaders like Orano, Tractebel, and EDF, Thorizon is recognized as a key player in advanced nuclear projects, being a laureate in the France 2030 program.
AESC
Grant in 2025
AESC is a manufacturer of lithium-ion batteries for automotive applications. The company emphasizes carbon-neutral manufacturing processes, showcasing a commitment to sustainability in their production methods. AESC was founded as a joint venture between Nissan and the NEC Group, and they started mass-producing lithium-ion batteries for the "Nissan Infiniti M Hybrid" in October 2010 and for the "Nissan Leaf", a 100% electric vehicle (EV), in November of that same year. Since then, electric and hybrid vehicles equipped with batteries from AESC have been used by numerous customers worldwide, and AESC's batteries have established an excellent reputation for their performance, quality, and reliability. Electric vehicles can contribute significantly to improving both the global environment and regional environments because they emit no CO2 or other exhaust gases while operating and they generate very little sound while driving. In addition, the use of renewable energy sources such as solar and wind power and new aspects such as emergency power supplies are also attracting attention. On the other hand, various issues remain with electric vehicles including price, cruising range, and the need to establish a charging infrastructure. With the cooperation of automakers and material and parts suppliers, AESC will continue to endeavor to improve the high-quality level of their products further, reduce costs, and increase energy density and capacity, and they will strive to be a world leader in lithium-ion batteries for automotive applications.
Farmless
Grant in 2024
Farmless is a food technology startup focused on revolutionizing food production by decoupling it from traditional arable land. The company employs fermentation technology to transform renewable energy into a diverse range of food products, including proteins, carbohydrates, and beneficial fats. By utilizing a liquid feedstock derived from renewable sources, Farmless aims to produce carbon-negative proteins with a complete amino acid profile. This innovative approach not only enables the reduction of carbon footprints in food production but also offers a low-cost solution for protein generation at a planetary scale. Farmless seeks to create a sustainable interface between food and electricity by harnessing the potential of specially selected microbes known for their favorable food properties.
Elcogen
Grant in 2024
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.
HydrogenPro
Grant in 2024
HydrogenPro is a tech company developing technology for green hydrogen production. The company's core product is a high-pressure alkaline electrolyzer, ideal for renewable energy sources. The company focuses on research and development to create cost-effective electrolyzers for large-scale hydrogen production.
NEL Hydrogen
Grant in 2024
NEL Hydrogen provides solutions that allow people and businesses to generate, store, and distribute hydrogen from renewable energy. It supplies energy-efficient hydrogen solutions for industrial applications, hydrogen fuelling stations, and distributed energy systems worldwide. NEL Hydrogen is a Norwegian company based in Norway and has also been known as Norsk Hydro Electrolysers (NHEL) and Hydrogen Technologies.
Compular
Grant in 2024
Compular specializes in the development of advanced analytic tools aimed at the creation of high-tech materials. The company focuses on digital material development, offering simulation and analysis capabilities that predict material properties based on intuitive design principles. Their tools provide actionable insights into the properties of materials and liquids, facilitating the screening of candidate formulations and enhancing mechanistic understanding of material functions. This predictive approach supports research and development processes across various applications, including batteries, fuel cells, metals and alloys, pharmaceuticals, electronics, and chemicals. By leveraging molecular dynamics and density functional theory, Compular aims to improve the success rates of laboratory trials for its clients.
Lightsource bp
Debt Financing in 2024
Lightsource BP is a leading global company focused on the development, acquisition, and long-term management of large-scale solar energy projects and smart energy solutions. The firm works closely with utilities, businesses, local communities, and governments to address the growing demand for affordable and reliable clean energy. By leveraging its strong in-house planning and development capabilities, Lightsource BP not only develops solar projects but also operates and manages them, ensuring a comprehensive approach to energy delivery. The company is committed to deploying at least 8GW of solar capacity worldwide over the next five years, emphasizing the importance of integrating solar energy with smart energy solutions to shape the future of global energy.
SolarSpring
Grant in 2024
SolarSpring GmbH is a company based in Freiburg, Germany, specializing in the development, construction, and operation of solar water treatment and desalination systems. Founded in 2009, it focuses on innovative technologies such as solar thermal desalination and disinfection. The company’s flagship product, Oryx 150, offers a solution for autonomous water supply, effectively treating sea and brackish water as well as contaminated sources. SolarSpring utilizes clean materials and harnesses thermal energy, photovoltaic energy, and waste heat to enhance its water purification processes, which include membrane distillation and UV disinfection. As of March 2020, SolarSpring operates as a subsidiary of Industrial Solar Holding Europe AB.
algoWatt
Post in 2023
algoWatt designs, develops and integrates solutions for the management of energy and natural resources , in a sustainable and socially responsible way , guaranteeing a competitive advantage. The Company provides management and control systems that integrate devices, networks, software and services with a clear sectoral focus: digital energy and utilities , smart cities & enterprises and green mobility .algoWatt was born from the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an IT solution provider with over 40 years of experience for customers operating in the energy, industry sectors and transportation.
Elcogen
Grant in 2023
Elcogen is a manufacturer and developer of high-performance anode-supported Intermediate Temperature Solid Oxide Fuel Cells (IT-SOFC) and Solid Oxide Fuel Cell (SOFC) stacks, utilizing proprietary materials and technological solutions. Established in 2001, the company aims to facilitate a clean energy future through its innovative fuel cell technology, which significantly reduces emissions from natural gas systems while providing twice the power for the same amount of gas. Elcogen's solid oxide fuel cells are recognized for their efficiency, enabling effective energy conversion, reversible operation for both power generation and hydrogen production, and flexibility in fuel use. This technology not only supports renewable energy generation but also contributes to the production of green hydrogen, offering industries an efficient means to reduce costs and enhance sustainability.
ICODOS
Grant in 2023
ICODOS has revolutionized e-methanol production and is reshaping the landscape for the decarbonization of the chemical and shipping industries. Through our patented hybrid process, we have created a platform for step-change e-methanol production, ensuring not only cost competitiveness with conventional methanol but also rapid scalability for widespread availability. Our unique value proposition lies in two key dimensions: 1) a cost advantage driven by innovative technology going far beyond the state of the art, and 2) unmatched flexibility through the dynamic operation and automation of our plants.
Sunfire
Grant in 2023
Sunfire specializes in the development and manufacture of systems for producing renewable industrial gases and fuels, including hydrogen and syngas. These alternatives, referred to as e-Gas, e-Fuel, or e-Chemicals, serve as substitutes for fossil fuels like mineral oil and natural gas, integrating seamlessly into existing infrastructures. The company utilizes solid oxide cells for the conversion process, which can also function as generators to provide electricity and heat. Sunfire aims to make regenerative energy from sources such as wind, hydropower, and solar power available consistently, transcending the limitations of intermittent energy generation. Their innovative electrolyzers leverage both alkaline and solid oxide technologies, enabling sectors like chemical, fuel, and steel industries to effectively transition to renewable energy sources.
Vianode
Grant in 2023
Vianode specializes in the development of sustainable anode graphite solutions specifically for the battery industry, with a strong emphasis on enhancing the performance and sustainability of electric vehicle batteries. The company produces a variety of synthetic graphite products that offer unique performance characteristics and are manufactured with significantly lower CO2 emissions compared to conventional materials. Vianode is also committed to recycling initiatives, having recently introduced a product that incorporates recycled graphite, thereby supporting a low-emission battery ecosystem. Through its focus on sustainability and technological advancements, Vianode contributes to the transition toward greener energy solutions in the electric vehicle sector.
Meyer Burger Technology
Grant in 2023
Meyer Burger is a Swiss technology company that supplies systems and production equipment to the photovoltaic, semiconductor, and optoelectronic industries. It also serves other selected high-end markets based on semiconductor materials such as displays and touch panel, batteries, printed electronic, pharmaceuticals, rail and transport, automotive, and transport. The company produces equipment for wafers, solar cells, solar modules, and solar systems. It offers its clients with integrated systems and dedicated solution packages. It also provides thermal process systems, software solutions for equipment and production-line control, systems for industrial inkjet printing, and systems for coating and structuring surfaces in a wide range of industries. The methods used are based on high-tech plasma and ion-beam technologies. Meyer Burger’s services include overhaul service management, application and process support, installation and commissioning, academy education, and generation of service agreements. It implements customer specific process control and supervisory systems that span across different manufacturing processes. Meyer Burger is headquartered in Thun, Bern.
Sono Motors
Grant in 2023
Sono Motors GmbH, founded in 2016 and headquartered in Munich, Germany, specializes in solar-powered electric mobility. The company is focused on designing and developing its first solar electric vehicle, the Sion, which is anticipated to launch in Europe in 2024. Utilizing proprietary solar technology, Sono Motors integrates solar panels into vehicle bodywork, allowing energy captured from sunlight to charge the vehicle's battery. In addition to the Sion, the company is actively working on applying its solar technology across various vehicle types, including buses, trucks, camper vans, and trains, aiming to enhance range, reduce fuel costs, and minimize CO2 emissions. Through these efforts, Sono Motors is contributing to the advancement of climate-friendly mobility solutions.
Ørsted
Grant in 2022
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.
Everfuel
Grant in 2022
Everfuel Denmark A/S specializes in the production and sale of green hydrogen fuel across several European countries, including Denmark, Norway, Sweden, the Netherlands, Germany, and Belgium. The company focuses on providing hydrogen fueling solutions for various applications, such as public transportation (buses, trucks, and taxis), freight vehicles (vans), trains, marine vessels, and private cars. Additionally, Everfuel serves industrial clients engaged in alternative hydrogen-based fuels and Power to X products. It operates a comprehensive hydrogen infrastructure, which includes production facilities, distribution systems, and fueling stations, ensuring a competitive supply for both mobility and industrial sectors. Founded in 2017 and headquartered in Herning, Denmark, Everfuel is a subsidiary of E.F Holding A/S.
DRONAMICS
Grant in 2022
DRONAMICS is a cargo drone airline that develops drone technology for cargo transportation and logistics operations. The company is building an air cargo ecosystem to cater to the requirements of individuals and industries across the globe. This mobility solution, driven by long-range cargo drones, delivers savings in time, costs, and carbon emissions.
FORVIA
Grant in 2022
Forvia is an automotive technology company headquartered in Nanterre, France, specializing in vehicle interiors and emission control technologies aimed at promoting sustainable mobility. Founded in 1997, Forvia collaborates closely with automakers to create vehicles that are cleaner, lighter, more comfortable, and customizable. The company focuses on innovation to enhance the driving experience while addressing environmental concerns in the automotive sector.
MagnoTherm
Grant in 2022
MAGNOTHERM, founded in 2019 and headquartered in Darmstadt, Germany, specializes in innovative cooling and heating technology utilizing magnetic materials. The company has assembled a team of over 40 experts with significant expertise in magnetic cooling and magnetocaloric materials. MAGNOTHERM aims to address the climate crisis by providing energy-efficient alternatives to traditional gas compression cooling, which contributes to at least 7% of global CO2 emissions. Its technology, which operates at low pressure, is designed to be up to 30% more energy efficient than existing systems while being non-explosive, non-flammable, and low maintenance. The company focuses on developing magnetic cooling systems suitable for various applications, including room temperature environments and hydrogen liquefaction plants, offering a sustainable solution that can help transition industries away from outdated gas compression methods.
Stockholm Exergi
Grant in 2022
Stockholm Exergi is an energy company based in Stockholm that specializes in producing resource-efficient district heating, district cooling, and electricity. The company is dedicated to reducing waste and promoting sustainability through the design, construction, and operation of biomass combined heat and power (CHP) plants. By focusing on these environmentally friendly technologies, Stockholm Exergi aims to contribute to a climate-positive urban environment for its residents.
Kitemill
Grant in 2021
Kitemill specializes in the development of airborne wind energy technology, which aims to transform the wind power industry by harnessing high-altitude winds. The company's innovative system features a kite connected to a ground-based generator via a tether, allowing for the efficient capture of strong and stable wind resources. This approach not only enhances the availability of renewable energy but also significantly reduces material usage, leading to improved cost efficiency. Kitemill's technology is positioned to play a crucial role in the global transition towards a zero-emission energy sector, offering a safe and low-cost method of producing renewable energy that could surpass the financial implications of solar and traditional wind power plants.
XOCEAN
Grant in 2021
XOCEAN Limited specializes in providing comprehensive ocean data solutions through uncrewed surface vessels (USVs). Founded in 2017 and based in Greenore, Ireland, the company offers a Data Collection-as-a-Service model aimed at surveyors, agencies, universities, and research institutions. XOCEAN's USVs enable unmanned operations over the horizon, utilizing satellite communications for effective data collection. The company also features the XOCEAN CyberDeck, a secure cloud-based platform that allows for real-time monitoring and control of USVs, while ensuring data quality through adjustable parameters. XOCEAN's services encompass a variety of applications, including seabed mapping, fisheries, bathymetry, met ocean data, and environmental monitoring, catering to clients in offshore industries, government bodies, and the renewables sector. The integration of standard survey systems and onboard computing capabilities further enhances the efficiency and effectiveness of their data acquisition processes.
AEInnova
Series A in 2021
AEInnova, founded in 2014 at the Autonomous University of Barcelona, specializes in innovative Internet of Things (IoT) solutions for predictive maintenance. The company was established by a team of PhDs and engineers with expertise in microelectronics and various engineering disciplines. AEInnova's flagship product, InduEye, is a fully battery-less and autonomous device that monitors vibrations, steam traps, and thermal conditions, harnessing energy from waste heat, with future versions incorporating solar and wind power. The technology stands out due to its patented innovation, which enhances performance and enables real-time edge computing while utilizing advanced wireless communication standards. AEInnova's devices are employed in diverse sectors, including oil and gas, aluminum, steel, paper, and water treatment, and feature a sophisticated IoT cloud-based dashboard for data analytics and predictive maintenance. The company has received 31 international awards for its contributions to sustainability and innovation and has secured significant investment, including funding from the European Commission. AEInnova is actively engaged in multiple EU R&D projects focused on energy harvesting and IoT technologies.
TreaTech
Grant in 2020
TreaTech is a Swiss Cleantech company founded in 2015 by engineers from the École Polytechnique Fédérale de Lausanne (EPFL). The company focuses on developing innovative treatment technology aimed at addressing the challenges of wastewater management. Its catalytic hydrothermal gasification (HTG) system provides an eco-friendly solution for the disposal of various liquid wastes, such as sewage sludge, which are typically incinerated or sent to landfills. This advanced thermochemical process transforms these wastes into valuable by-products, including renewable gas, clean water, and mineral salts that can be further upgraded into fertilizers. TreaTech's approach aligns with sustainable development goals and the principles of a circular economy, enabling clients to benefit from efficient wastewater treatment while recycling essential resources.
Transmetrics
Grant in 2019
Transmetrics is an advanced AI platform tailored for the supply chain sector that enhances transport planning through predictive analytics and machine learning. By integrating human expertise with artificial intelligence, Transmetrics provides significant operational benefits while minimizing the environmental impact of logistics. The platform specializes in data cleansing, demand forecasting, and network optimization, delivering highly accurate analyses and predictions of transport flows. With a strong foundation in both technical fields and logistics, Transmetrics has developed solutions that have enabled top-tier logistics companies globally to reduce transport costs by up to 25%, improve fleet utilization by up to 14%, and maintain high service standards. The company’s innovative approach has garnered support from the European Union's Horizon 2020 research and innovation program, facilitating its mission to enhance operational efficiency for cargo transport and logistics service providers.
Bloom Biorenewables Ltd
Grant in 2019
Bloom Biorenewables Ltd is a Swiss company founded in 2019, focused on developing technology that transforms wood and agricultural waste into renewable materials as alternatives to petroleum. The company specializes in creating bio-based materials for the chemical industry, targeting various markets including fragrances, plastics, and textiles. By introducing innovative production methods for biorenewable products and fuels, Bloom Biorenewables aims to provide sustainable solutions that reduce reliance on fossil fuels and contribute to climate change mitigation.
Minesto
Grant in 2019
Minesto is a Swedish company focused on marine energy technology, with operations in Sweden, Wales, and Northern Ireland. Founded in 2007 by Magnus Landberg, the company is headquartered in Gothenburg. Minesto develops the Deep Green technology, which harnesses electricity from slow tidal and ocean currents using a turbine. The company aims to produce renewable energy from various ocean sources, including tidal streams, ocean currents, tidal range, waves, ocean thermal energy, and salinity gradients. Through its innovative solutions, Minesto seeks to contribute to the transition towards sustainable energy.
Lightricity
Grant in 2019
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.
AEInnova
Grant in 2019
AEInnova, founded in 2014 at the Autonomous University of Barcelona, specializes in innovative Internet of Things (IoT) solutions for predictive maintenance. The company was established by a team of PhDs and engineers with expertise in microelectronics and various engineering disciplines. AEInnova's flagship product, InduEye, is a fully battery-less and autonomous device that monitors vibrations, steam traps, and thermal conditions, harnessing energy from waste heat, with future versions incorporating solar and wind power. The technology stands out due to its patented innovation, which enhances performance and enables real-time edge computing while utilizing advanced wireless communication standards. AEInnova's devices are employed in diverse sectors, including oil and gas, aluminum, steel, paper, and water treatment, and feature a sophisticated IoT cloud-based dashboard for data analytics and predictive maintenance. The company has received 31 international awards for its contributions to sustainability and innovation and has secured significant investment, including funding from the European Commission. AEInnova is actively engaged in multiple EU R&D projects focused on energy harvesting and IoT technologies.
Green City Solutions
Grant in 2018
Green City Solutions GmbH, founded in 2014 and based in Berlin, Germany, focuses on addressing air pollution through innovative waste management solutions. The company has developed the “CityTree,” a product that features a specially designed, vertically installed moss culture combined with Internet-of-Things (IoT) technology. This unique system targets particulate matter, nitrogen dioxide, and ozone, improving air quality by utilizing specific plants that purify the air while also providing cooling and humidification. The CityTree is equipped with sensors that gather environmental and climatic data, allowing for the regulation and optimization of plant performance. Additionally, the collected data contributes to enhancing the understanding of environmental conditions in urban areas.
ThrustMe
Grant in 2018
ThrustMe is a startup emerging from the Laboratoire de Physique des Plasmas at the Ecole Polytechnique and the CNRS, founded by Ane Aanesland and Dmytro Rafalskyi. The company specializes in the development, production, and commercialization of advanced space propulsion systems using patented technology. ThrustMe aims to simplify and enhance the efficiency of electric propulsion, offering services that include the creation of space systems for next-generation satellites and customized solutions for ground testing of space hardware. By focusing on economic and environmental sustainability, ThrustMe provides innovative propulsion options for space teams and aerospace businesses.
AEInnova
Grant in 2018
AEInnova, founded in 2014 at the Autonomous University of Barcelona, specializes in innovative Internet of Things (IoT) solutions for predictive maintenance. The company was established by a team of PhDs and engineers with expertise in microelectronics and various engineering disciplines. AEInnova's flagship product, InduEye, is a fully battery-less and autonomous device that monitors vibrations, steam traps, and thermal conditions, harnessing energy from waste heat, with future versions incorporating solar and wind power. The technology stands out due to its patented innovation, which enhances performance and enables real-time edge computing while utilizing advanced wireless communication standards. AEInnova's devices are employed in diverse sectors, including oil and gas, aluminum, steel, paper, and water treatment, and feature a sophisticated IoT cloud-based dashboard for data analytics and predictive maintenance. The company has received 31 international awards for its contributions to sustainability and innovation and has secured significant investment, including funding from the European Commission. AEInnova is actively engaged in multiple EU R&D projects focused on energy harvesting and IoT technologies.
Resolute Marine
Grant in 2017
Resolute Marine Energy is a Boston-based startup focused on harnessing ocean wave energy for power generation and seawater desalination. The company develops technology that converts wave energy into electricity and facilitates the transport of seawater to on-shore desalination facilities, addressing water scarcity in off-grid areas. Its wave-driven power services are applicable in various commercial sectors, including open-ocean aquaculture and ocean observation systems. By providing innovative solutions, Resolute Marine Energy aids water resource managers in balancing supply and demand in water-stressed regions, thereby promoting sustainable development and contributing to the reduction of carbon emissions. The company has received support through grants from the Department of Energy and was recognized as the winner of the 2010 Global Entrepreneurship Week's Startup Open competition.
TransfoElectric
Grant in 2014
TransfoElectric is a high-tech startup located in Riga, Latvia, specializing in wireless charging technology for electric vehicles. The company focuses on developing innovative wireless power transfer methods, offering solutions that include home chargers, public wireless charging stations, and receiver modules for electric vehicles. Additionally, TransfoElectric is working on dynamic wireless charging spots for en-route use and wireless charging surfaces for various consumer products. By providing accessible cordless energy solutions, the company aims to enhance the convenience and efficiency of electric vehicle charging and other applications.
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