EIT InnoEnergy, a leading force in sustainable energy innovation, has announced the addition of three new investors to its shareholder roster.
The latest investors include Austria-based OMV, which is dedicated to evolving into a sustainable chemical, fuels, and energy enterprise; Romanian integrated energy company OMV Petrom; and Netherlands-based investment firm ACB Participaties B.V.
This expansion of EIT InnoEnergy’s investor base adds to the significant 2023 private placement round, which garnered over €140m in fresh equity, reinforcing the company’s substantial presence in Europe.
Strategic allocation of funds
The newly acquired funds will be strategically deployed in line with last year’s private placement initiatives. These initiatives include:
- Enhancing new deal flow.
- Supporting the growth of the existing portfolio of 200 companies – a crucial step in the current challenging capital markets.
- Launching new industrial champions by leveraging opportunities from the Net Zero Industry Act (NZIA) framework.
- Accelerating expansion efforts in the United States.
Trust in the energy transition
Diego Pavia, CEO of EIT InnoEnergy, expressed confidence in the new shareholders, stating: “The inclusion of these three shareholders is yet another demonstration of trust in InnoEnergy’s ability to fast-track the sustainable energy transition and achieve Europe’s reindustrialisation goals.
“Industrial investors are discovering new ways to accelerate and contribute to the energy transition. OMV and OMV Petrom’s dedication to net zero serves as a model for many of their peers.
“InnoEnergy firmly believes that our partner companies’ transformation will hasten the energy transition. A concerted effort is necessary across all sectors, and we are here to support these transitions.”
Diverse Shareholder Network
The addition of OMV, OMV Petrom, and ACB Participaties B.V. brings the total number of EIT InnoEnergy shareholders to 38.
With this expanded investor base, EIT InnoEnergy is poised to continue driving innovation and supporting the global shift towards sustainable energy solutions.
Anne-Marie Rakhorst of ACB Participaties B.V., and EIT InnoEnergy Supervisory Board Member, added: “If you really want to fast track the energy transition, then you invest in InnoEnergy. It’s time to scale, it’s time to go big.”
