EIT InnoEnergy, a leading force in sustainable energy innovation, has announced the addition of Boryszew Group S.A. as its newest shareholder.
Boryszew, a global player in the automotive and metals sectors, joined after the successful completion of EIT InnoEnergy’s private placement and top-up round. This strategic clean technology partnership was unveiled at The Business Booster, EIT InnoEnergy’s annual event.
Diego Pavia, CEO of EIT InnoEnergy, commented: “The European industry is at a pivotal moment. Traditional business needs to transform to climate-neutrality, and at the same time, new sustainable business models must demonstrate their ability to scale rapidly.
“The addition of Boryszew Group S.A. to our cap table reinforces our belief that Europe’s reindustrialisation requires the combined efforts of both established industry players and emerging green leaders.”
Accelerating Europe’s clean technology goals
The partnership aligns with the European Union’s goal to meet 40% of clean technology demand domestically, as outlined in the Net Zero Industry Act.
With its strong foothold in the automotive and metals industries, Boryszew Group will enhance EIT InnoEnergy’s access to sectors crucial for Europe’s clean reindustrialisation efforts.
In return, EIT InnoEnergy will support Boryszew’s own green transformation, building on the company’s recent investment in Repono, a pan-European energy storage operator launched by EIT InnoEnergy.
Funding growth and innovation
The funds from EIT InnoEnergy’s private placement round will be directed toward expanding its 200+ portfolio of companies, capturing new investment opportunities, and nurturing future industrial leaders in the clean technology space.
With Boryszew Group joining 38 other shareholders from various sectors, the partnership strengthens the collective mission of driving sustainable energy innovation across Europe.
Wojciech Kowalczyk, President of Boryszew Group S.A., added: “As one of the industrial leaders in Poland, we are aiming to decarbonise our production. Therefore, we have adopted our Sustainability Horizon 2030 Strategy.
“The investment in EIT InnoEnergy is part of this green strategy. EIT InnoEnergy initiates and builds the largest low-emission industrial projects in Europe, which are important players in the new wave of European industry, providing zero-emission products to the European market.
“With low-emission technologies being a key element of our group’s transformation, we aim to leverage synergies between our industrial group and the investments led by EIT InnoEnergy in the areas of energy technologies, circular economy, and automotive. This aligns with our growth strategy and will contribute to the value of Boryszew Group S.A.”
EIT InnoEnergy and Boryszew Group’s collaboration marks a significant step forward in Europe’s journey to achieving energy independence and advancing clean technology solutions.
