EIT InnoEnergy

EIT InnoEnergy, headquartered in Eindhoven, The Netherlands, functions as a leading innovation engine dedicated to accelerating the sustainable energy transition across Europe. Established in 2010 as part of the European Institute of Innovation and Technology (EIT), it plays a pivotal role in identifying, funding, and scaling innovative solutions across the entire sustainable energy value chain. Their mission extends beyond mere capital provision, aiming to foster an ecosystem where groundbreaking technologies can move from concept to market, addressing critical challenges in areas such as renewable energy, energy storage, smart grids, and hydrogen.

The organization employs a "smart money" approach, offering not only financial investment but also strategic guidance, access to a vast network of industry partners, and support in market entry and technology validation. EIT InnoEnergy typically targets early-stage start-ups, ranging from seed to Series A, and also supports more mature scale-ups poised for significant growth. Their investment strategy is designed to de-risk promising ventures and accelerate their commercialization, contributing to the creation of new industrial value chains within Europe.

Since its inception, EIT InnoEnergy has demonstrated a substantial commitment to the clean energy sector. They have invested over €700 million in sustainable energy innovations, supporting more than 200 companies to date. This significant capital injection has acted as a catalyst, enabling their portfolio companies to subsequently raise over €9.7 billion in external funding from other investors. This impressive leverage highlights EIT InnoEnergy's ability to identify high-potential ventures and attract further investment, underscoring their critical role in shaping the future of sustainable energy. Their long-term vision includes generating over €22.5 billion in revenue and creating more than 50,000 jobs by 2030 through their supported ventures, reinforcing their commitment to economic growth alongside environmental impact.