European Innovation Council

The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.

David Malo Jean

Director

Candace Johnson

President

Past deals in Energy

BlueHeart Energy

Venture Round in 2025
BlueHeart Energy is a deep tech company that creates green technologies to significantly boost heat pump performance. BlueHeart makes use of thermo acoustics, a process that involves producing sound waves in a closed circuit to produce heat and cold. Heat pumps in residential buildings will be powered for the first time using this technology, which had previously been tested for industrial uses. BlueHeart Energy's customers, original equipment manufacturers, created it to replace the essential part of heat pumps and make it simple for them to integrate. Heat pumps become versatile, silent, and economical appliances capable of handling a wide range of temperatures, making them ideal for both new and existing homes when equipped with BlueHeart. It's significant that BlueHeart emits no CO2 and doesn't require any refrigerants.

Energy Robotics

Grant in 2022
Energy Robotics has launched one of the first commercially available software platforms for industrial applications that combines three essential components of intelligent control of mobile autonomous robots: a hardware-independent robot operating system, cloud-based fleet management, and AI-powered data analysis. The robots are used for remote inspection and monitoring, especially in industries with harsh and demanding environments such as the oil, gas, and petrochemical industries, but also increasingly in the energy and security industries. The company relies on a SaaS model to do this, offering its software solution and associated IT infrastructure along with hardware from various third-party vendors.

Alvus

Pre Seed Round in 2022
Alvus offers biomethane services. They offer project development, construction, and operation of biogas plants. They assist their customers in every aspect related to a biogas plant, due diligence analysis, business plan verification, site selection, biomass research, choice of power supply plan, selection of the most suitable technology.

Alvus

Grant in 2022
Alvus offers biomethane services. They offer project development, construction, and operation of biogas plants. They assist their customers in every aspect related to a biogas plant, due diligence analysis, business plan verification, site selection, biomass research, choice of power supply plan, selection of the most suitable technology.

C2C NewCap

Venture Round in 2022
C2C NewCap, founded in 2014 by Rui Silva and Andre Mao de Ferro, is a Lisbon-based manufacturer specializing in the production of supercapacitors designed for efficient electrical energy storage. The company focuses on developing next-generation devices that utilize proprietary electrodes and an aqueous electrolyte, which contribute to a low environmental impact. C2C NewCap aims to provide clients with energy storage solutions that not only enhance operational efficiency but also reduce overall environmental and operational costs.

Vanevo

Grant in 2022
Vanevo GmbH, founded in 2018 and based in Oldenburg, Germany, specializes in the development and manufacturing of components for redox flow batteries. The company focuses on creating stacks and modules designed to make electricity storage both affordable and accessible. Vanevo's batteries operate by storing energy in two tanks, allowing for efficient charging and discharging within the stacks. This innovative approach enables users to store electrical energy in a cost-effective manner, contributing to advancements in energy storage solutions.

Envola

Grant in 2022
Envola specializes in smart energy management, renewable energy resources, and energy storage solutions. The company focuses on developing both software and hardware designed to enhance energy efficiency and support the transition to sustainable energy systems. Envola designs innovative heat pumps that serve as integrated storage solutions, and it creates efficient storage systems capable of operating in conditions that are typically challenging for conventional heat pumps. Their offerings include modular systems consisting of an outdoor unit, an indoor unit, and optional room devices, allowing clients to tailor solutions to their specific energy needs.

Dracula Technologies

Grant in 2022
Dracula Technologies SAS, based in Valence, France, specializes in organic photovoltaic technology aimed at providing sustainable energy solutions for low-power devices. Founded in 2011, the company has developed an innovative product called Light As Your Energetic Response (LAYER), which captures ambient light—both indoors and outdoors—and converts it into electricity. This technology enables a variety of small devices, including phones, GPS units, and lamps, to recharge autonomously, thereby eliminating the need for traditional batteries. By utilizing digital printing techniques to create efficient light-harvesting modules, Dracula Technologies enhances the reliability and operational lifespan of electronic devices such as sensors and smart building applications, contributing to a more sustainable energy future. The company operates as a subsidiary of Ardeje.

Insolight

Grant in 2022
Insolight is an energy company founded in 2015 that specializes in the development and manufacturing of high-efficiency solar panels. The company has achieved significant advancements in solar technology, with modules reaching a record efficiency of 29 percent, which allows for a reduction in residential solar electricity costs to below 0.1 $/kWh. Insolight's innovative optical technology enhances efficiency while maintaining the simplicity of installation comparable to standard flat panels. The company's solar systems also incorporate an integrated tracking method to optimize energy capture, maximizing solar utility for agricultural applications. Insolight's business model focuses on developing intellectual property, overseeing wholesale distribution, and outsourcing manufacturing, ensuring a streamlined approach to delivering cost-effective solar solutions. The technology has been validated by reputable institutions, demonstrating its potential for widespread impact in both residential and agricultural sectors.

BlueHeart Energy

Grant in 2021
BlueHeart Energy is a deep tech company that creates green technologies to significantly boost heat pump performance. BlueHeart makes use of thermo acoustics, a process that involves producing sound waves in a closed circuit to produce heat and cold. Heat pumps in residential buildings will be powered for the first time using this technology, which had previously been tested for industrial uses. BlueHeart Energy's customers, original equipment manufacturers, created it to replace the essential part of heat pumps and make it simple for them to integrate. Heat pumps become versatile, silent, and economical appliances capable of handling a wide range of temperatures, making them ideal for both new and existing homes when equipped with BlueHeart. It's significant that BlueHeart emits no CO2 and doesn't require any refrigerants.

Sympower

Grant in 2021
Sympower is a developer of sustainable energy solutions aimed at addressing fluctuations in electricity supply and demand. The company partners with industry leaders to enhance grid stability and advance the transition to a net-zero future. By utilizing advanced and automated flexibility capabilities, Sympower's non-intrusive software allows customers to temporarily adjust the power of their systems, machines, and processes when the grid is out of balance. This technology aggregates electrical appliances and integrates with smart systems to optimize energy usage, enabling customers to shift consumption to more cost-effective times and provide real-time balancing of electricity. Through these innovations, Sympower enhances the value of energy assets while facilitating a fully renewable energy grid.

STAC Technology

Venture Round in 2021
STAC Technology is a research and development company focused on innovative cooling solutions. It has developed the world's first water vapor-driven turbo-compressors that utilize water as a natural refrigerant, replacing synthetic alternatives. This technology allows for on-site heating and cooling while harvesting thermal energy from water, resulting in sustainable and efficient solutions for the global cooling industry. STAC's systems offer zero emissions and significant energy and resource efficiency benefits, helping clients lower infrastructure costs while addressing climate change and global warming challenges.

STAC Technology

Grant in 2021
STAC Technology is a research and development company focused on innovative cooling solutions. It has developed the world's first water vapor-driven turbo-compressors that utilize water as a natural refrigerant, replacing synthetic alternatives. This technology allows for on-site heating and cooling while harvesting thermal energy from water, resulting in sustainable and efficient solutions for the global cooling industry. STAC's systems offer zero emissions and significant energy and resource efficiency benefits, helping clients lower infrastructure costs while addressing climate change and global warming challenges.

ENERSENS

Grant in 2021
Enersens is a firm that produces silica aerogel products. The company was founded in 2010 and is based in Les Auvergnes, France.

ENERSENS

Venture Round in 2021
Enersens is a firm that produces silica aerogel products. The company was founded in 2010 and is based in Les Auvergnes, France.

Electrochaea

Venture Round in 2020
Electrochaea GmbH is a company based in Planegg, Germany, specializing in the development and commercialization of grid-scale power-to-gas energy storage technology. Founded in 2010, Electrochaea's proprietary process converts low-cost and stranded electricity, along with carbon dioxide, into renewable natural gas, specifically methane, which is suitable for direct injection into the existing natural gas grid. This technology facilitates the storage of large quantities of renewable energy generated from wind and solar sources, providing solutions for utility-scale energy storage, grid balancing, and carbon recycling. Additionally, the company aims to contribute to the decarbonization of transportation and natural gas grids, thereby reducing greenhouse gas emissions. With operational facilities in Denmark and California, Electrochaea represents a significant advancement in the efficient storage and transmission of renewable energy.

Electrochaea

Grant in 2020
Electrochaea GmbH is a company based in Planegg, Germany, specializing in the development and commercialization of grid-scale power-to-gas energy storage technology. Founded in 2010, Electrochaea's proprietary process converts low-cost and stranded electricity, along with carbon dioxide, into renewable natural gas, specifically methane, which is suitable for direct injection into the existing natural gas grid. This technology facilitates the storage of large quantities of renewable energy generated from wind and solar sources, providing solutions for utility-scale energy storage, grid balancing, and carbon recycling. Additionally, the company aims to contribute to the decarbonization of transportation and natural gas grids, thereby reducing greenhouse gas emissions. With operational facilities in Denmark and California, Electrochaea represents a significant advancement in the efficient storage and transmission of renewable energy.

AEInnova

Series A in 2020
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.

Hafnium Labs

Grant in 2019
Hafnium Labs develops software aimed at providing reliable physical property data for molecules and mixtures, primarily serving the chemicals, energy, and pharmaceutical sectors. The company has created an innovative system that merges advanced predictive methods, including quantum chemistry and artificial intelligence, with experimental data. This approach enables Hafnium Labs to deliver accurate predictions of physical properties while also quantifying the uncertainty associated with each prediction. By offering tools that support decision-making throughout the stages of molecular discovery and process optimization, Hafnium Labs empowers researchers and engineers to tackle significant challenges in chemistry, ultimately contributing to advancements that benefit healthcare, agriculture, and energy technologies.

C2C NewCap

Grant in 2019
C2C NewCap, founded in 2014 by Rui Silva and Andre Mao de Ferro, is a Lisbon-based manufacturer specializing in the production of supercapacitors designed for efficient electrical energy storage. The company focuses on developing next-generation devices that utilize proprietary electrodes and an aqueous electrolyte, which contribute to a low environmental impact. C2C NewCap aims to provide clients with energy storage solutions that not only enhance operational efficiency but also reduce overall environmental and operational costs.

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.

Brevel

Venture Round in 2019
Brevel has developed an innovative cultivation technology focused on the sustainable and cost-effective production of microalgae. Utilizing high-tech, fully automated indoor systems that feature internal illumination, Brevel's approach achieves significant cost reductions and substantially higher yields compared to traditional methods. This advanced technology positions the company to tap into various markets in need of microalgae-derived products, including sustainable food, materials, chemicals, pharmaceuticals, and energy. By unlocking the full potential of microalgae, Brevel aims to create an alternative protein source suitable for mass production, addressing the increasing demand for environmentally friendly solutions across multiple industries.

AEInnova

Seed Round 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.

Valtavalo

Grant in 2018
Valtavalo Ltd was founded in 2008 to develop, manufacture and supply energy-efficient lighting solutions in Finland and globally. By concentrating on large volumes and clients, Valtavalo, as the largest LED tube manufacturer in the Northern Countries, can set competitive prices for new and advanced technologies, which have often in the past been regarded as too expensive.
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