Co-funded by the
European Union
EIT InnoEnergy keeps growing its equity portfolio with 18 new companies in 2022
In 2022, 18 innovative companies joined the EIT InnoEnergy Equity Portfolio, and in the last quarter, we welcomed five new companies: Prime Battery Technologies, Nevomo, Empyrio, Voltaro, and Coat-it.
“Considering the economic headwinds this year and the 24% drop in funding seen across European tech in general compared to last year, having strengthened our portfolio with 18 new innovative companies this year has been a great achievement. Even more relevant has been our support to 26 rounds of our existing portfolio in 2022.
In Q4, we warmly welcome Prime Battery Technologies, Nevomo, Empyrio, Voltaro, and Coat-it. With these new entries, our Energy Storage, Smart and Intelligent Cities and Buildings, Circular Economy, Renewable Energies and Transport and Mobility portfolios have expanded, enabling us to reach new markets and customers with the companies we support,” said Elena Bou, Co-Founder and Innovation Director of EIT InnoEnergy.
Welcome onboard Prime Battery Technologies, Nevomo, Empyrio, Voltaro, and Coat-it.
More info about the newcomers in our different portfolios:
Energy Storage
Enable energy transition by providing the most affordable energy storage solutions.
With 37+ years cumulative experience in Li-ion batteries, Prime focus to add value in energy storage systems by implementing appropriate policy and regulatory measures, they start contributing to achieving ambitious Green Deal decarbonization targets set by the European Commission.
Prime goals is to contribute to a sustainable future actively.
More info: https://primebatteries.com/
Smart and Intelligent Cities and Buildings
From Magrail to Hyperloop
At Nevomo we are developing MagRail, a technology that enables a quick, phased implementation of hyperloop-inspired transportation technology within railroads’ systems.
More info: https://www.nevomo.tech/en/
Circular Economy
Compact mono-incinerator for sewage sludge and other organic waste utilization
EMPYRIO inventors developed system, which provides a complex pre-drying and subsequent burning of high-moisture organic waste. System burns it by itself without using additional side energy sources and raw materials, ensuring the cyclicity of the process. The heat from the burning process is sent to wet waste preliminary drying and further incineration.
More info: http://empyrio.com/
Renewable Energies
The easiest way to commercial onsite solar – the digital one-stop shop connecting owners, tenants and installers
From planning to operation, Voltaro’s digital end2end process provides onsite solar efficiently, creating a seamless customer experience. A projecting platform provides a simple and scalable way to connect all stakeholders, deliver transparency and build trust as well as the best and most cost-efficient offer. This makes commercial onsite solar implementation easy and reduces the craft bottleneck.
More info: https://www.voltaro.de/
Transport and Mobility
An innovative company, whose plating additives improve the protective and mechanical properties of metallic coatings.
Coat-it can do miracles with its’ nano-additives for plating of protective coatings and surface treatment. Using just as little as nano can be, coat-it products improve significantly anticorrosion properties, increase hardness, wear resistance and add new functionalities to surface.
More info: https://coat-it.pl/
Info about the Q1 to Q3 porfolio companies:
Energy Storage
PBT’s SAL and CL technologies are a breakthrough in the clean energy evolution
Driven by the demand for EV’s and energy storage, the battery market is exploding globally. This in turn has increased the need for pure and flexible battery materials. PBT is in a unique position to support battery producers by providing cleaner battery material at a more affordable price. PBT will be cost leaders in the battery market and will also be powering the real clean energy evolution.
More info: https://purebatterytech.com/
Develops and operates fast-response and medium to large scale power storage in underground mines
The team wants to contribute to a sustainable future with a fossil free energy production by developing environmentally friendly energy storage plants in abandoned underground mines. This is done with a proven technology, which was installed the first time in 1929.
More info: https://www.minestorage.com/
The safest and most competitive solid-state battery
A new generation of solid polymer composite and semi-solid electrolytes has resulted from a decade of research by Prof. Michel Armand, one of the fathers of modern lithium battery development. The research team led by Professor Armand has been able to improve the composite polymer electrolytes (technology he discovered in 1978) and solve the main solid-state battery challenges. This unique technology brings lithium batteries beyond the state of the art in cost, safety and energy density.
More info: https://basquevolt.com/
Long duration electricity storage in melting silicon
Silbat has developed a silicon battery that is set to transform the landscape of long duration stationary storage. The solution is based on the latent heat of metal-grade silicon and its back-conversion to electricity using thermophotovoltaics. According to MIT research, cost-effectively turning renewables into dispatchable electricity sources requires long duration storage with capital expenses of less than $20/kWh. Silbat’s battery can do it for less than $10/kWh.
More info: http://silbat.com/
Fusion
Nuclear fusion reactors for large-scale fossil free energy production
Fusion has the potential to provide the world with unlimited access to clean, safe, and sustainable and controllable energy. The technology offers a global opportunity to radically reduce CO2 emissions and reduce the risk of climate crises, high fluctuating energy prices, economic and political instability. Fusion has the potential to offer enormous social, environmental, economic, and geopolitical benefits.
More info: https://www.novatronfusion.com/
Sustainable buildings and cities
Empowering energy storage and renewables with AI.
We make energy supply based on renewable energies predictable and therefore ensure planning security in the uncertain times of the energy transition
More info: https://suena.energy/
Green hydrogen
A sustainable iron and steel company
GravitHy plans to build, operate and own a modern low-CO2 iron plant in France. By using hydrogen to react with iron ore, the high CO2 emissions from traditional production methods can be avoided. The product is direct reduced iron (DRI) which can be used as feedstock for low-CO2 steel production or traded in the form of hot briquetted iron (HBI). GravitHy will decarbonise steel production, support the EU’s ambition of carbon neutrality and respond to a growing demand for low-CO2 steel products.
More info: https://www.gravithy.eu/
Decarbonise your business with green hydrogen in a simple and competitive way
pHYnix is the first independent green hydrogen producer in Europe, offering competitive and funded migration solutions for sustainability-minded companies to achieve carbon neutrality.
More info: https://phynix-energy.eu/
Renewable energies
The Next generation tidal energy plants based on the principle of kiting
Tidal and ocean currents contain a large amount of kinetic energy. SeaQurrent develops a completely new approach for 3D-Harnessing this energy. Our patented multi-wing TidalKite™ makes it possible to generate clean electricity from shallow (and deep) low velocity tidal and ocean currents with an efficiency rate resulting in a breakthrough of the price of electricity produced from tidal energy
More info: https://seaqurrent.com/
Ultra-low carbon monocrystalline silicon ingots, bricks and wafers for the PV value chain
Norwegian Crystals is located in Glomfjord in Northern Norway, a region with access to clean hydropower, glacier cooling water, and a skilled workforce with a rich tradition rooted in the solar industry. There has been monocrystalline silicon production in this town for the last 25 years.
They are specialize in manufacturing high-quality and cost-efficient monocrystalline silicon products, such as bricks, wafers, and ingots. Our products go downstream and serve as substrates for solar cells and together become solar modules. These modules are installed on rooftops or as part of a solar power facility all around the world.
More info: https://www.crystals.no/
Customer acquisition platform for solar panel installers and engineering companies
A new customer acquisition channel for engineering and installation companies specialised in developing solar photovoltaic projects. A platform connects property owners interested in receiving various offers for a photovoltaic installation with companies willing to develop and finance projects. Property owners are offered a virtual space where they can request and receive various proposals from professionals in the sector.
More info: https://www.soof.es/
Transport and mobility
Shared Electric Cargo Bikes
Free-floating e-cargo bike sharing for citizens as well as businesses. The service offers a way to transport goods, kids and/or groceries in a more sustainable and scalable manner, combining deep mobility know-how and operational excellence with a customer-centric approach.
More info: https://en.avocargo.one/
The future of transportation, from magrail to hyperloop
At Nevomo we are developing MagRail, a technology that enables a quick, phased implementation of hyperloop-inspired transportation technology within railroads’ systems. Our technology will enable the transportation of goods and people at double the average speed of a conventional railroad. We can upgrade existing railroad infrastructure to the speed of 550 kph (340 mph) at a very competitive cost. MagRail, based on magnetic levitation, linear motor, and autonomous control systems, can be subsequently transformed into a vacuum version called the hyperloop.
More info: https://www.nevomo.tech/en/
