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VC Energy Impact Partners launches €390m European fund

Energy Impact Partners (EIP), a global venture capital firm, has launched its European Fund which has €390 million to deploy in European investments to accelerate the growth of innovative technologies which have the potential to drive the transition towards net zero.

The fund will seek growth and venture investments across the continent, targeting mission-driven companies with established products, markets and customers across the full spectrum of the energy transition. This includes high impact European tech companies that contribute to safer, more flexible and cleaner energy sources.

Mirroring the successful strategy of its North American funds, the new fund is structured to enable EIP to partner with European entrepreneurs, supporting their growth and success with a combination of capital and commercial support through EIP’s powerful coalition of industrial firms. EIP’s established presence in North America also offers European companies support to expand in the market and gives founders access to opportunities to exit in North America. 

Contributions to the fund have come from a broad set of institutional investors, impact investors and corporates in a range of industries, including energy, utilities, technology and infrastructure and transport. Amongst others, partners and investors in the Fund include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), AGL Energy Ltd, APG on behalf of its pension fund client ABP, Chubu, DNV, Électricité de France (EDF) Group through its corporate venture capital arm EDF Pulse Ventures, EWE AG, Ferrovial, Fortum, Galp, Mainova AG, Microsoft’s Climate Innovation Fund, Nysnø Climate Investments – a wholly owned subsidiary of the Norwegian Ministry of Trade, Industry & Fisheries, Shell Ventures and TrønderEnergi AS.

 

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