We are proud to announce that our portfolio of clean tech start-ups and scale-ups have successfully closed 56 rounds this year, raising over €4.3 billion in total. Investment in these companies, ranging from wave energy to battery and green steel, includes both private and public funding. Despite challenging market conditions, our team and ecosystem remain committed to investing and delivering added-value services to the frontrunners transforming industries. 

We also invested in an additional 14 cleantech start-ups in 2024, adding to our portfolio of over 200 companies. Notably, a €1.5M injection into French deep tech start-up, Geolinks to advance carbon capture monitoring.  We also built Repono, a new pan-European storage operator which aims to deploy and operate 100 gigawatt hours of energy storage in Europe by 2030 — critical for balancing the grid and powering us towards a green powered future. These investments reflect our team’s commitment to scaling innovative technologies that will accelerate the decarbonisation of hard-to-abate sectors. 

Elena Bou, our Co-Founder and Innovation Director, said: “Although global cleantech investment was projected at $2 trillion last year, this is only half of what’s needed to meet net zero targets. During what has been a dry year for the clean-tech industry, InnoEnergy has pushed forward, actively supporting our portfolio and derisking their business cases with the support of our shareholders and wider ecosystem. We need to support our cleantech champions and secure their scaling up so their solutions create positive environmental, economic and social impact.” 

We’re proud to highlight that our Skills Institute upskilled over 100,000 learners in the battery industry and launched the Skills Institute Solar Academy to meet the growing demand for skilled professionals in the clean energy sector. Further supporting the future of the workforce, our Master School rebranded to InnoEnergy Masters+. With over 2,000 graduates, 10% are now contributing their expertise within InnoEnergy portfolio companies or shareholder organisations. 

The InnoEnergy ecosystem continues to make important strides in industrialising clean technologies, despite the challenging market conditions this year. Important steps for our start-up and scale-ups and new bounds for our education and skills teams to advance the current and future renewable energy workforce sets the scene for 2025!