Future Energy Ventures closes fund for 235 million euros

Future Energy Ventures (FEV), a global venture capital advisor for digital and asset-light energy technologies, has announced the closing of its new €205 million Future Energy Ventures Fund II and a separate €30 million Italian venture capital fund. Together, the two funds have a total volume of 235 million euros.

FEV is thus positioning itself as the largest European VC advisor for energy technology and strengthening its role in a market that is increasingly characterized by the energy transition, decarbonization and geopolitical requirements.

Broad investor base strengthens fund strategy

The fund was initially supported by E.ON SE and the European Investment Fund (EIF) as anchor investors. Other strategic and institutional investors are now involved, including

• KfW Capital
• ABN AMRO
• CLP
• BGK
• ISA Energia
• Borusan
• Zorlu Holding
• Telos Impact
• KELAG
• MTR
• Sabanci Climate Ventures

The Italian fund is fully financed by CDP and invests alongside the main fund.

Meeting our energy needs is one of the greatest challenges of our time.

Marjut Falkstedt, CEO EIF

Thanks to this broad base, FEV is now one of the key European players when it comes to venture financing in energy technology.

Energy transition as a driver of a growing investment market

The closing comes at a time when many countries are realigning their political and economic energy agendas. Topics such as energy sovereignty, security of supply and technological competitiveness are the global focus. In this environment, FEV sees itself as a catalyst for start-ups that are modernizing the energy industry with digital solutions, from grid optimization and storage technologies to renewable and decentralized energy systems.

This closing shows that energy technology is increasingly being perceived as an important asset class in its own right.

Jan Lozek, CEO of Future Energy Ventures

The EIF also emphasizes the importance of the investment. The investment fits in perfectly with the EIF's strategic objectives.

Energy as a new key asset class

According to FEV, energy is set to become the dominant innovation and capital market sector in the coming years. The reasons for this are

• increasing demand for energy security
• economic opportunities through renewable energy sources
• demand for industrial decarbonization
• new impetus for employment and growth
• Falling costs of renewable technologies

FEV sees ideal conditions for new business models, software solutions and AI-driven infrastructure technologies.

"Europe has the innovative power and industrial strength to play a leading role in the global energy transition," says Veronique Hördemann, Managing Partner and CFO of FEV. However, political framework conditions are crucial to further facilitate scaling and investment.

A decade of investment in the future of energy

Since 2016, FEV has been investing in technology-oriented start-ups in the areas of

• Grid optimization
• Flexibility management
• electromobility
• Building and industrial electrification
• AI-based energy systems

The portfolio companies include Chloris, Enspired, Feld Energy, Jua, Piclo Reev and Station A. Fund II will primarily invest in Series A and Series B start-ups that use digital technologies as a key lever for the energy transition.

A strong boost for European energy technology

Future Energy Ventures is setting an exclamation mark with its closing of €235 million. The energy transition is becoming increasingly digital, technology-driven and VC-financed. FEV is further expanding its role as a central interface between capital, innovation and the energy industry. This comes at a time when global demand for solutions for energy sovereignty and decarbonization is growing strongly.