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Future energy ventures takes a leap towards sustainable innovation with €110 million fund


Future energy ventures takes a leap towards sustainable innovation with €110 million fund

We are delighted to share with you a momentous achievement in our journey towards a sustainable future here at Future Energy Ventures (FEV).

Source: Future Energy Ventures

Since 2016 we have been active in the energy-tech ecosystem for E.ON and innogy with its 50 companies strong portfolio, today marks the next step on our journey having established a fully independent new multi-LP fund. At Future Energy Ventures we understand the importance of smart innovations for a cleaner and greener planet, and thus are grateful to that E.ON and the European Investment Fund (EIF) anchor this SFDR article 9 fund targeting €250 million. €110 million are secured until now, which will be exclusively dedicated to founders accelerating the energy transition. We are truly grateful for our partners’ support and look forward to working together to achieve a brighter future for all.

110 Million Euro fund for the digitalization of the energy transition established

Berlin, 30. Januar 2024. E.ON, the European Investment Fund (EIF) and Future Energy Ventures (FEV) jointly foster smart innovations for the energy transition with the help of a newly established fund. The fund managed by FEV already has a volume of 110 million euros and a target size of 250 million euros. Both E.ON and the EIF are holding a mid-double-digit million euro stake as anchor investors. The fund invests primarily in start-ups and scale-ups that develop and implement digital solutions to drive the energy transition.

The clean energy economy is the greatest business opportunity of our generation, and we are excited to be raising our second fund at this pivotal moment. With FEV’s track record of portfolio successes, an extensive network of industry partners, our highly collaborative approach and deep sector focus, we are in a unique position to drive the digitization and decarbonization of the energy system. We are grateful to our investors and look forward to continuing discussions with potential institutional and strategic investors that share our vision.

Jan Lozek, Founder and Managing Partner of FEV

The capital of the fund is allocated entirely towards sustainable investments across three core investment themes with clear decarbonization potential: future energy, future cities and future technologies. With an average initial ticket size of between €1-10 million for early-stage investments, it aims to target 30 new investments located in the innovation hubs of Europe, North America and the Middle East. Future investors benefit from the partners‘ expertise in the energy sector.

Better managing our energy needs is one of the most important challenges of our time. That’s why we are excited about our participation in the newly established fund. This investment aligns perfectly with the EIF’s strategic objectives and our commitment to driving the energy transition and supporting decarbonization efforts across Europe.

Marjut Falkstedt, EIF Chief Executive

With this newly established fund, E.ON can further expand its many years of expertise in the field of innovation and, through a stable innovation ecosystem, bring new partners on board, who jointly have the confidence to invest in the energy transition.

This is a milestone for E.ON on our way to making the new world of energy work. Having access to Climate-Tech and the resulting digital solutions is a central cornerstone of our innovation initiatives through which we continuously integrate new technologies and startup solutions into the E.ON business.  The newly established fund which is open for external investors builds on our success of the existing venture portfolio and is the next important step for E.ON to broaden impact through collaboration.

Thomas Birr, Chief Strategy and Innovation Officer at E.ON

Today, FEV already runs one of the biggest global funds investing in Climate-Tech investing primarily in start and scale-ups that develop and implement digital solutions to drive the energy transition.

The fund is expected to hold its final closing in the fourth quarter of 2024.

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