Early-stage impact investor InnoEnergy announced it new 2030 growth plan, aiming to mobilize up to €160 billion in clean tech investment between 2025 and 2030, across equity, debt, grants, and project finance.

Founded in 2010, and supported by the EU body the European Institute of Innovation and Technology (EIT), newly rebranded InnoEnergy (formerly EIT InnoEnergy) invests in early-stage companies building resilient clean tech value chains that drive sustainable economic growth, and provides support to startups including market access, access to finance, technology enhancement and access to talent.

To date, InnoEnergy has supported more than 500 startups, in clean tech categories ranging from batteries, steel and hydrogen to solar PV and fertilizers, and has participated in the launch of funds including the EBA Strategic Battery Materials Fund and the Santander InnoEnergy Climate Fund.

Under its 2030 growth plan, InnoEnergy said that it is “muscling up to continue its role as a leading early-stage impact investor,” with initiatives including raising additional capital, co-establishing new funds, and planning to launch additional strategic value chain initiatives in emerging sectors to accelerate the development of new clean tech markets, building on its leadership in the battery, PV and green hydrogen value chains.

Diego Pavia, CEO of InnoEnergy, said:

“We know first-hand that the energy transition and industrial transformation are not a ‘walk in the park’. Our growth strategy sends a clear signal: we are staying the course, tackling the complexities of industrialising clean technologies head on. Europe has a unique single market, a strong industrial base, and the most ambitious and stable regulatory framework reaffirmed by the Clean Industrial Deal. With a maturing pipeline of clean industrial newcomers ready to scale and serve the domestic demand, growth financing is critical, and our ambitions directly address this opportunity.”