Amsterdam-headquartered global financial institution ING, has become the first financial institution shareholder in EIT InnoEnergy, an innovation engine for sustainable energy across Europe supported by the European Institute of Innovation & Technology (EIT), a body of the European Union.
The investment in EIT InnoEnergy underlines ING’s commitment to support the energy transition. ING joins other leading companies actively involved in the energy transition as an EIT InnoEnergy shareholder, including Volkswagen, TotalEnergies, Naturgy, and EDF.
Since 2010, EIT InnoEnergy has invested EUR560 million in over 380 companies with a combined forecasted turnover of over EUR16 billion by 2026. Standout successful investments included in EIT InnoEnergy’s portfolio include lithium-ion battery manufacturer, Northvolt, ultracapacitor energy storage solutions provider Skeleton Technologies, mobility solutions innovator Hardt Hyperloop and integrated, digital greenfield steel plant H2 Green Steel. Furthermore, more than 1,400 students have completed the EIT InnoEnergy Master’s programme and many are now working for major energy companies.
EIT InnoEnergy supports more than 30 start-ups and innovations in Benelux and another 350 across Europe.
