The electric power industry in Benelux plays a crucial role in the region's energy transition. A mix of well-established utilities and innovative startups operates across the landscape, focusing on renewable sources such as wind, solar, and hydroelectric power. With increasing regulatory support for sustainable practices, the sector is evolving towards cleaner and smarter energy solutions. Notable investments in technologies like energy storage and smart grids highlight the region’s commitment to enhancing energy efficiency. Benelux is set to shape the future of energy in Europe by integrating sustainable innovations and facilitating a transition to a greener economy.


This article outlines 13 notable investors in the electric power sector across Benelux. The list includes a mix of venture capital firms, private equity players, and corporate entities that are headquartered in diverse locations such as Eindhoven and Brussels. Ranging in size from small startups to large institutions, these investors have actively participated in a total of 2024 deal counts, showcasing their commitment to advancing the electric power industry. Each firm contributes uniquely to the market through their focus on innovation, sustainable solutions, and operational support.


Top 13 Electric Power Investors in Benelux


1. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2024, the EIB has been involved in 99 investments, showcasing its active role in financing initiatives that promote growth and job creation. Notably, the EIB has engaged in significant transactions within the electric power sector, such as providing a €150 million loan to Iberdrola for the development of 400MW of photovoltaic and wind projects in Italy. This funding is part of Iberdrola's efforts to develop Europe’s largest solar PV plant in Portugal. Additionally, the EIB has participated in multiple debt transactions with Iberdrola, raising substantial amounts for their post-IPO debt, further emphasizing its commitment to financing renewable energy projects.


2. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands. It is dedicated to accelerating sustainable energy innovations and offers a marketplace for energy solutions, training programs, and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle the challenges of energy transition and sustainability. Notably, InnoEnergy has participated in significant transactions within the electric power context, such as the Series A funding for RVE.SOL, a Portuguese minigrid firm that aims to provide renewable power and clean water to communities in East Africa. They also invested in Minesto, a company focused on marine energy technology, through multiple post-IPO equity rounds. These transactions highlight InnoEnergy's active role in promoting and supporting innovations in the electric power industry.


3. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. In recent years, the EIC has been involved in several significant transactions within the electric power sector. For instance, it provided grants to companies like Nova Innovation, Plant e, and DENS, which are focused on innovative energy solutions. Notably, the EIC participated in a €15 million financing round for Stabl Energy, a startup working on used car battery technology for energy storage, showcasing its commitment to fostering advancements in electric power technologies. Through these initiatives, the EIC not only provides financial support but also facilitates business acceleration services and networking opportunities to promote innovation in various sectors, including electric power.


4. EDFI ElectriFI - The Electrification Financing Initiative


EDFI ElectriFI - The Electrification Financing Initiative is a not-for-profit impact investment facility based in Belgium, established in 2016. It is dedicated to financing renewable energy projects in developing countries, providing both equity and debt financing along with technical assistance to enhance access to clean energy. ElectriFI targets renewable energy companies and projects, especially in rural and underserved regions, to facilitate sustainable energy solutions. Notable transactions include a debt financing round for Powergen Renewable Energy, which raised an undisclosed amount in June 2021, and a $6 million debt financing for Husk Power Systems to build solar hybrid microgrids in India, benefiting approximately 60,000 people. Additionally, ElectriFI participated in a funding round for WeLight, an electricity access provider in Madagascar, contributing to a €28 million electrification project. These transactions highlight ElectriFI's commitment to advancing electric power access and sustainability.


5. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. The firm empowers early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. Notably, Rockstart has made several investments in the energy sector, such as SolarCreed, which raised $110,000 in a Pre-Seed round in 2017, focusing on solar energy solutions, and Hydrologiq, which raised $890,926 in a Pre-Seed round in 2022, likely targeting innovative water and energy management solutions. Their recent investment in Prets, which raised $1,089,172 in a Seed round in 2024, further demonstrates their ongoing commitment to supporting energy-related startups. Rockstart's business model emphasizes supporting purpose-driven entrepreneurs to drive positive change, aligning with the goals of the electric power industry.


6. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg, specializing in private equity and credit investments in European mid-market businesses. The firm focuses on sectors such as Business Services, Industrial Tech, and Healthcare, providing operational expertise and capital to help companies unlock their full potential. Triton partners with management teams to address challenges and drive growth. Notably, Triton has made significant strides in the electric power sector through key acquisitions. In 2023, they announced the acquisition of Siemens Energy's Trench business, a leader in high-voltage grid components, which is expected to enhance their portfolio in the electric power industry. Additionally, their acquisition of Seves S.p.A. in 2014, a manufacturer of high voltage insulators, further emphasizes their commitment to this sector. Furthermore, their acquisition of OCU Group in 2022 aims to facilitate investments in both regulated and non-regulated opportunities, particularly in the context of the UK's energy transition towards renewable power. These transactions highlight Triton Partners' active role in the electric power industry, alongside their broader investment strategy.


7. SET Ventures

  • Website: setventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: setventures

SET Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2007. The firm is dedicated to advancing a carbon-free energy system by investing in innovative energy technologies and supporting energy entrepreneurs with both capital and insights. Their investment portfolio includes notable transactions in the electric power sector, such as a $65 million investment in General Fusion, a company focused on developing fusion energy, and a significant investment in Sonnen, which has raised over $85 million to promote a clean, decentralized energy future. Additionally, SET Ventures has invested in Instagrid, a developer of battery systems, further emphasizing their commitment to supporting technologies that enhance energy efficiency and sustainability. Through these investments, SET Ventures plays a crucial role in fostering innovation within the electric power industry.


8. Eneco Wind Belgium S.A.

  • Website: eneco.com
  • Type: Corporate
  • Headquarters: Wavre, Wallonia, Belgium
  • Founded year: 1995
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: eneco-wind-belgium-s-a-

Eneco Wind Belgium S.A. is a corporate investor based in Wavre, Wallonia, Belgium, founded in 1995. The company is dedicated to providing sustainable energy solutions, focusing on renewable sources such as wind, solar, and heat for both consumers and businesses. With a commitment to achieving climate neutrality by 2035, Eneco actively engages in community projects and biodiversity initiatives to facilitate the energy transition. Notable transactions include the acquisition of a minority stake in Next Kraftwerke, which supports decentralized energy generation, and the acquisition of Nordgröön, enhancing their energy management activities in Germany. Additionally, Eneco was involved in the financing of the 370 MW Norther offshore wind farm, showcasing their investment in large-scale renewable energy projects. Their acquisition of Suniverse further emphasizes their goal of promoting home sustainability solutions, allowing them to offer energy-efficient products directly to consumers.


9. BIO - the Belgian Investment Company for Developing Countries


BIO - the Belgian Investment Company for Developing Countries is a not-for-profit organization established in 2001, based in Brussels, Belgium. Its mission is to provide investment support and development financing to private sector companies in developing countries, facilitating access to resources for growth and sustainable development. Among its notable transactions, BIO has invested in the electric power sector, including a significant debt financing of approximately $20 million to Reliance Power in 2012, which is a major player in the Indian power sector. Additionally, BIO provided debt financing of around $17.5 million to Summit Power International Ltd. in 2014, further demonstrating its commitment to supporting electric power initiatives. These investments highlight BIO's role in empowering businesses within the electric power industry, contributing to local economies and sustainable energy solutions.


10. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. Founded in 2005, CVC manages approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. The firm focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the electric power sector, acquiring Naturgy, a leading energy company, in September 2016, and PKP Energetyka, a key player in energy distribution for the railway sector, in July 2015. In October 2022, CVC acquired a 50% stake in Gridspertise, a company specializing in smart grid solutions, further enhancing its portfolio in the electric power industry. Additionally, their acquisition of DIF Capital Partners in September 2023, which enhances their infrastructure investment capabilities, aligns with their strategy to invest in sectors that support sustainable energy solutions.


11. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across diverse sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably, primarily targeting entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the electric power context, including the acquisition of Verkley, a Netherlands-based specialist in underground energy and water cable and pipeline solutions, and their investment in Lampiris, which raised over $53 million in a venture round. These transactions highlight Gimv's active role in the energy sector, particularly in areas that contribute to sustainable energy solutions.


12. Triodos Bank

  • Website: triodos.com
  • Type: Venture Capital
  • Headquarters: Driebergen-Rijsenburg, Utrecht, Netherlands
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: triodos-bank

Triodos Bank N.V. is a public entity operating as an ethical bank focused on sustainable finance, founded in 1980 and based in Driebergen-Rijsenburg, Utrecht, Netherlands. The bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align their financial activities with ethical and sustainable practices. Triodos Bank has made significant contributions to the electric power sector through various transactions. Notably, it participated in the debt financing of Powergen Renewable Energy, which focuses on renewable energy solutions. Additionally, Triodos Bank was involved in a funding round for WeLight, a Madagascar-based electricity access provider, contributing to a €28 million electrification project. The bank also invested in Fourth Partner Energy, a distributed solar energy firm, through a bond issuance, and recently supported Sunvigo with debt financing. These transactions highlight Triodos Bank's commitment to promoting transparency and positive impact in the electric power industry, particularly in renewable energy.


13. Oikocredit

  • Website: oikocredit.coop
  • Type: Corporate
  • Headquarters: Amersfoort, Utrecht, Netherlands
  • Founded year: 1975
  • Headcount: 201-500
  • Number of deals in 2024: 12
  • LinkedIn: oikocredit

Oikocredit is a not-for-profit social investment organization founded in 1975, based in Amersfoort, Utrecht, Netherlands. It focuses on providing financial support to organizations in the financial inclusion, agriculture, and renewable energy sectors. Oikocredit aims to enhance the social impact of its partners, particularly those serving low-income communities. In the electric power context, Oikocredit has been involved in several significant transactions, including a debt financing deal with Powergen Renewable Energy, which supports renewable energy initiatives. Additionally, Oikocredit invested alongside Triodos Investment Management in ARC Power, providing $10 million to help deliver clean energy access to over 100,000 people in Rwanda. Other notable investments include $1,114,150 in African Clean Energy and $33.4 million in Solarise Africa, both aimed at expanding renewable energy access. Furthermore, Oikocredit provided $2 million to RDG Collective to enhance solar photovoltaic system distribution in Zambia, aiming to provide electricity access to low-income communities. These transactions highlight Oikocredit's active role in the electric power sector, particularly in promoting renewable energy solutions.



Electric Power Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
EDFI ElectriFI - The Electrification Financing InitiativeBelgium11-5020162
RockstartAmsterdam, North Holland, Netherlands11-50201116
Triton PartnersLuxembourg201-50019976
SET VenturesAmsterdam, North Holland, Netherlands11-5020075
Eneco Wind Belgium S.A.Wavre, Wallonia, Belgium1-1019951
BIO - the Belgian Investment Company for Developing CountriesBrussels, Brussels, Belgium51-20020014
CvcLuxembourg1001-5000200516
GimvAntwerp, Flanders, Belgium51-20019808
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
OikocreditAmersfoort, Utrecht, Netherlands201-500197512


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