The electric power industry in Europe is pivotal in shaping the region's energy landscape, featuring a mix of traditional utility companies and innovative startups. Major players include utilities that generate and distribute electricity, investment firms focusing on renewables, and organizations driving electric vehicle infrastructure. A significant trend is the shift towards renewable sources, propelled by regulations and consumer demand for green energy. As Europe aims for carbon neutrality by 2050, investments in solar, wind, and battery technologies are surging, creating exciting opportunities and challenges within this dynamic sector.


The investors featured in this article represent a blend of corporate giants and venture capital firms, headquartered across Europe. From established entities like TotalEnergies and Shell, founded in the early 20th century, to newer players like Bpifrance created in 2015, these investors vary significantly in size and focus. Collectively, they engaged in 445 transactions in 2024, highlighting their commitment to transforming the electric power industry. Their investment strategies aim at fostering innovation and sustainability in a rapidly evolving market.


Top 13 Electric Power Investors in Europe


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. EIB's focus includes promoting growth and job creation through funding initiatives. Notably, EIB has been involved in significant transactions within the electric power sector, such as providing a €150 million loan to Iberdrola for the development of 400MW of PV and wind projects in Italy. This funding supports the construction of Europe’s largest solar PV plant in Portugal, highlighting EIB's role in advancing renewable energy projects. Additionally, EIB has participated in multiple debt transactions with Iberdrola, further emphasizing its active involvement in financing electric power initiatives.


2. Shell

  • Website: shell.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1907
  • Headcount: 10001+
  • Number of deals in 2024: 20
  • LinkedIn: shell

Shell plc is a multinational oil and gas company based in London, England, that operates in the energy and chemicals sectors. Founded in 1907, Shell provides essential products such as fuels, lubricants, and chemical solutions to businesses and consumers globally. In recent years, Shell has expanded its focus to include renewable energy investments, reflecting a commitment to transitioning towards more sustainable energy solutions. Notably, Shell has invested in Powergen Renewable Energy, contributing $15 million in a Series B funding round in 2019. In 2021, Shell acquired Next Kraftwerke, a Germany-based virtual power plant operator, to strengthen its position in the electricity market. Furthermore, Shell Technology Ventures LLC participated in a $20 million equity investment in Husk Power Systems, which aims to scale renewable mini-grid solutions in Africa and Asia. These transactions highlight Shell's strategic shift towards integrating electric power and renewable energy into its business model.


3. 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 by providing 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 deliver 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 investing in innovative energy solutions.


4. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through a range of services, including direct funding, export credit insurance, and private equity investments. The institution aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions within the electric power sector, including investments in Boralex, a company focused on renewable energy production, and Neoen, a leading independent producer of renewable energy. Additionally, Bpifrance has participated in funding rounds for Qair and Sun'R, both of which are engaged in renewable energy projects. These transactions highlight Bpifrance's active role in supporting the electric power industry, particularly in the context of renewable energy.


5. 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. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in several transactions relevant to the electric power industry, such as providing grants to Nova Innovation, Plant e, and DENS, which focus on innovative energy solutions. Additionally, the EIC participated in a significant funding round for Stabl Energy, a startup working on advanced battery technology for energy storage, highlighting its commitment to supporting electric power innovations.


6. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. In the electric power context, EQT has made several notable transactions, including the acquisition of Midland Cogeneration Venture, which represents their first direct investment in the U.S. power market. They also acquired Clearvise AG, a company focused on renewable energy, and Adven, which is involved in sustainable energy solutions. These investments highlight EQT's commitment to the electric power industry and its strategic focus on sustainable energy initiatives.


7. TotalEnergies


TotalEnergies is a corporate energy company based in France, founded in 1924, that focuses on producing and marketing a diverse range of energy solutions, including oil, gas, and renewable energy. The company is committed to achieving carbon neutrality by 2050 and serves both businesses and consumers. In recent years, TotalEnergies has made significant investments in the electric power sector, including the acquisition of EDP Comercializadora, which brought them 2.5 million B2C customers and two gas-fired power plants with a total capacity of 850 MW. Additionally, they have partnered with The AES Corporation to jointly control AES Dominicana Renewable Energy, focusing on the development of renewable energy assets such as onshore wind and solar. Their acquisition of a 20% stake in Adani Green Energy further emphasizes their strategic focus on renewable energy, as it includes a substantial portfolio of operating solar assets in India. These transactions highlight TotalEnergies' active role in the electric power industry, particularly in the transition towards sustainable energy solutions.


8. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a crowdfunding platform based in London, England, that enables businesses to raise capital through equity investments. Founded in 2010, Crowdcube connects startups and SMEs with potential investors, facilitating the funding process while promoting diversity and inclusion within its workforce. In recent years, Crowdcube has been involved in several notable transactions within the electric power sector, including Rebel Energy, which raised significant funds through equity crowdfunding in 2021 and 2022, and Thrive Renewables, which raised nearly $6.8 million in December 2023. These transactions highlight Crowdcube's active participation in supporting companies that are contributing to the electric power industry, particularly in renewable energy.


9. EEP Africa

  • Website: eepafrica.org
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2010
  • Headcount: 11-50
  • LinkedIn: eepafrica

EEP Africa is a not-for-profit organization based in Helsinki, Finland, founded in 2010. It is dedicated to clean energy financing and provides early-stage grants and support for innovative clean energy projects in Southern and Eastern Africa. The organization aims to enhance energy access and investment, collaborating with various funding partners to facilitate sustainable development in the region. Notably, EEP Africa has been involved in several transactions relevant to the electric power sector, including funding for Songa Energy, Mandulis Energy, and African Clean Energy, all of which focus on clean energy solutions. Additionally, they provided a grant to Clamore Solar, further emphasizing their commitment to supporting renewable energy initiatives. Through these efforts, EEP Africa plays a significant role in advancing clean energy access in Africa.


10. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has over 10,000 employees and is committed to sustainability, aiming to become a net-zero emissions entity by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has made significant investments in the electric power sector, including acquiring a 10% stake in Ørsted, a leading offshore wind developer, and a minority stake in Scatec Solar ASA, enhancing its presence in solar energy. Additionally, Equinor's acquisition of Triton Power, which includes plans to transition to hydrogen usage, highlights its commitment to diversifying its energy portfolio and investing in sustainable electric power solutions.


11. Engie

  • Website: engie.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1834
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: engie

ENGIE is a corporate investor based in Paris, Île-De-France, France, specializing in renewable energy and energy solutions. Founded in 1834, the company has grown to employ over 10,000 people and operates globally with a strong emphasis on sustainability and decarbonization. Engie's investment strategy includes a focus on reducing energy costs and emissions through innovative solutions in renewable energy generation, hydrogen production, and energy performance. Notable transactions include the acquisition of BTE Renewables, which added 340 MW of renewable assets in South Africa to their portfolio, and their participation in funding rounds for companies like Husk Power Systems and BBOXX, which focus on off-grid solar solutions in Africa. These investments highlight Engie's commitment to enhancing its presence in the electric power sector and supporting the transition to renewable energy.


12. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a prominent technology conglomerate specializing in various sectors, including industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates substantial revenue and operates globally. In the electric power context, Siemens has been actively involved in several key transactions. Notably, they acquired Shaw Power Technologies Inc., enhancing their capabilities in power transmission and distribution, particularly with the integration of PTI's PSS/E software for network planning. Additionally, Siemens has engaged in significant debt financing activities, such as raising $559 million for Strata Clean Energy and $375 million for Statera Energy, both of which are pivotal players in the clean energy sector. These transactions underscore Siemens' commitment to advancing electric power solutions and sustainability.


13. Advanced Propulsion Centre UK


The Advanced Propulsion Centre UK (APC) is a not-for-profit organization established in 2013, located in Coventry, England. It is dedicated to facilitating the automotive industry's transition to net-zero technologies by providing funding, business support, and collaborative opportunities for organizations focused on innovative automotive solutions. The APC manages initiatives such as the Automotive Transformation Fund and various research and development competitions aimed at fostering advancements in electrification and sustainability within the automotive sector. Notably, the APC has been involved in several transactions that align with electric power initiatives, including grants to companies like Cummins, which focuses on power solutions, and Intelligent Energy, known for its fuel cell technology. Additionally, they have supported Dolphin N2, which is involved in hydrogen production, and Cornish Lithium, which is critical for battery production in electric vehicles. These transactions highlight the APC's role in promoting technologies that are integral to the electric power landscape.



Electric Power Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
ShellLondon, England, United Kingdom (UK)10001+190720
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
TotalEnergiesFrance10001+192411
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
EEP AfricaHelsinki, Uusimaa, Finland11-5020100
EquinorStavanger, Rogaland, Norway10001+19726
EngieParis, Île-De-France, France10001+18343
SiemensMunich, Bavaria, Germany10001+184711
Advanced Propulsion Centre UKCoventry, England, United Kingdom (UK)51-20020131


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