Energy storage in Benelux is crucial for transitioning to renewable energy sources. The industry is thriving with innovative companies offering diverse solutions, such as batteries, energy management systems, and grid integration services. Businesses are optimizing energy usage, enhancing battery recycling practices, and exploring emerging technologies. With increasing governmental support pushing for sustainability, the industry is projected to experience significant growth, driven by the need for efficient storage systems to manage renewable energy intermittencies, maintaining grid stability, and reducing carbon emissions. Initiatives encouraging eco-friendly investments further highlight the region’s commitment to achieving energy efficiency and sustainability goals.


The list features a mix of 16 investors, including venture capital, corporate, and private equity firms, headquartered mainly in Luxembourg, Belgium, and the Netherlands. These organizations vary in size from small teams to large, influential entities with thousands of employees. Many of them were founded in the past few decades, with some dating back to 1926. Collectively, they participated in 99 financing deals in 2024, showcasing their enthusiasm and commitment to propel the energy storage sector forward, while maximizing returns through innovative energy technologies.


Top 16 Energy Storage Investors in Benelux


1. 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. It 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 across different sectors. In the context of energy storage, the EIC has been involved in significant transactions such as the funding of Energy Dome, which raised over $16 million in a Series B round and an additional $16 million in a venture round, both aimed at enhancing energy storage solutions. Furthermore, the EIC participated in a €15 million financing round for STABL Energy, a startup focused on used car battery technology for efficient energy storage. These investments highlight the EIC's commitment to advancing energy storage technologies and its relevance as an investor in this sector.


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, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering 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 been involved in significant transactions within the energy storage context, including a $2.75 billion investment in Northvolt, a leading battery manufacturer, and multiple funding rounds for Skeleton Technologies, an ultracapacitor manufacturer focused on advanced battery technologies. They also invested in VoltStorage, which specializes in energy storage solutions. These activities highlight InnoEnergy's commitment to fostering innovation in the energy storage industry.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services such as loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. Founded in 1958, EIB focuses on promoting growth and job creation through its funding initiatives. In 2024, EIB was involved in 99 investments, showcasing its active role in financing various projects. Among its notable transactions, EIB provided a €150 million loan to Iberdrola for the development of renewable energy projects, which include solar PV and wind energy. Additionally, EIB played a significant role in financing Northvolt's expansion, providing $5 billion in non-recourse project financing to support the growth of battery production and recycling facilities. These transactions highlight EIB's involvement in the energy sector, particularly in areas that intersect with energy storage technologies.


4. 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 venture capital firm and startup accelerator based in Amsterdam, Netherlands, founded in 2011. They focus on empowering early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology. Rockstart provides investment, mentorship, and networking opportunities to help startups scale and succeed. Notably, they have been involved in significant transactions within the energy sector, such as leading a funding round for Eddy Grid, a startup dedicated to addressing grid congestion through energy storage solutions. This investment highlights Rockstart's commitment to supporting purpose-driven entrepreneurs in the energy storage industry, alongside their broader investment strategy.


5. 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 energy storage sector, such as their involvement with Sonnen, a company that has raised significant capital to promote clean, decentralized energy solutions. Additionally, SET Ventures has invested in Frequenz, a Berlin-based company that utilizes AI to optimize energy pricing and consumption, further emphasizing their focus on innovative solutions within the energy sector. Through these investments, SET Ventures aims to reduce carbon emissions and promote renewable energy, making them a relevant player in the energy storage industry.


6. Triton Partners


Triton Partners is a private equity firm based in Luxembourg, founded in 1997, specializing in private equity and credit investments in European mid-market businesses. With a focus on sectors such as Business Services, Industrial Tech, and Healthcare, Triton provides operational expertise and capital to help companies unlock their full potential. Notably, Triton has been involved in several transactions relevant to the energy sector, including the acquisition of Siemens Energy's Trench business, which specializes in high-voltage grid components, and the acquisition of LOGSTOR, a company that specializes in pre-insulated pipe systems for energy-efficient transportation of liquids and gases. These investments highlight Triton's strategic interest in energy infrastructure and storage solutions, positioning them as a significant player in the energy storage industry.


7. 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 energy sources such as wind, solar, and heat for both consumers and businesses. Eneco is committed to achieving climate neutrality by 2035 and actively engages in community projects and biodiversity initiatives to facilitate the energy transition. Notably, Eneco has made strategic investments in companies like Next Kraftwerke, a leading virtual power plant operator in Europe, which aligns with their vision for decentralized energy generation. This investment supports the integration of renewable energy sources and enhances the potential for energy storage solutions. Additionally, their involvement in various funding rounds, such as those for Installion and Sunvigo, indicates a broader interest in innovative energy technologies that may include energy storage applications.


8. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, Netherlands, founded in 2020. The firm focuses on financing sustainable and innovative projects, particularly in the energy and technology sectors. They aim to support entrepreneurs with promising plans for societal transitions by mobilizing capital from various sources. In the energy storage context, Invest-NL has been involved in several significant transactions, including a €6 million seed investment in AquaBattery, which is developing a low-cost, sustainable energy storage solution based on salt water. They also participated in a €22 million Series A funding round for LeydenJar Technologies, which is creating sustainable super-batteries with enhanced energy density. Furthermore, they invested in Battolyser Systems and E-magy, both of which are focused on innovative battery technologies. These transactions highlight Invest-NL's active role in promoting advancements in the energy storage industry.


9. 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 various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Notably, Gimv has made significant investments in the energy storage sector, including acquiring a majority stake in Smart Battery Solutions GmbH, a company specializing in lithium-ion battery systems, to support its growth in the dynamic battery market. Additionally, Gimv participated in funding rounds for McPhy Energy, which focuses on hydrogen storage technology, highlighting their engagement in the energy storage industry. These transactions reflect Gimv's strategy to invest in companies that are at the forefront of energy storage innovation.


10. Brabantse Ontwikkelings Maatschappij (BOM)


Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in the Brabant region, offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. BOM collaborates with businesses to provide funding, expertise, and networking opportunities, facilitating their success in competitive markets. Notably, BOM has been involved in several transactions relevant to the energy storage industry, including investments in LeydenJar Technologies, which is developing sustainable super-batteries, and LionVolt, a startup focused on solid-state lithium-ion battery technology. These investments highlight BOM's active role in fostering advancements in energy storage solutions.


11. 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 operates in multiple European countries, promoting transparency and positive impact in the banking sector. In recent years, Triodos Bank has made significant investments in the energy sector, including a notable transaction with Harmony Energy, where they provided a credit facility of up to £10 million to support the development of energy storage projects. This was Triodos Bank UK's first standalone loan to the energy storage sector, highlighting their commitment to this area. Additionally, they have participated in financing other renewable energy projects, such as Fourth Partner Energy, which, while primarily focused on solar energy, indicates their broader engagement in sustainable energy solutions.


12. Pdenh


Participatiefonds Duurzame Economie Noord-Holland (PDENH) is a not-for-profit organization based in Haarlem, North Holland, founded in 2014. It focuses on promoting sustainable economic development by investing in innovative projects and providing financing and advisory services to companies that contribute to a sustainable and circular economy. PDENH has been involved in several transactions relevant to the energy storage sector, including a significant investment in EST-Floattech, which raised $4,323,960 in a venture round in February 2024. Additionally, PDENH participated in a funding round for Triple Solar, which raised 10 million in growth capital in January 2023, aimed at expanding production capacity and developing energy-efficient products, including heat pump systems. These transactions highlight PDENH's commitment to supporting sustainable energy initiatives and innovative technologies in the energy storage space.


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 based in Amersfoort, Utrecht, Netherlands, founded in 1975. 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, by offering loans and equity investments. In recent years, Oikocredit has been involved in several transactions relevant to the energy sector, including a debt financing round for Powergen Renewable Energy, which focuses on renewable energy solutions. They also participated in a $33.4 million funding round for Solarise Africa, a company that provides energy-as-a-service solutions across Africa, indicating their commitment to expanding renewable energy access. Additionally, Oikocredit has supported African Clean Energy and RDG Collective, both of which are involved in providing solar energy solutions, further demonstrating their active role in the renewable energy landscape.


14. SHIFT Invest

  • Website: shiftinvest.com
  • Type: Venture Capital
  • Headquarters: Amstelveen, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: shift-invest

SHIFT Invest is a venture capital fund based in Amstelveen, North Holland, Netherlands, founded in 2009. The firm focuses on impact investing in innovative enterprises that have significant potential for environmental impact. They provide funding and support to early-stage companies across various sectors, including energy transition, smart food & agriculture, and sustainable mobility. Notably, SHIFT Invest has made significant investments in the energy storage sector, including a €5 million funding round for E-magy, a Dutch battery tech scale-up that specializes in innovative battery materials. This investment aims to enhance production capabilities and accelerate qualification programs with automakers and battery manufacturers. Additionally, SHIFT Invest led a €5.5 million Series A round for volytica diagnostics, a German company specializing in battery analytics. These transactions highlight SHIFT Invest's commitment to supporting innovative solutions in the energy storage industry, reinforcing their role as a relevant investor in this space.


15. 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 founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notable transactions include the acquisition of Naturgy, a major player in the energy sector, and PKP Energetyka, which operates in energy distribution. In 2022, CVC acquired a 50% stake in Gridspertise, a company that develops smart grid solutions, which are crucial for integrating energy storage technologies into the grid. These investments highlight CVC's engagement in the energy sector, particularly in areas that intersect with energy storage.


16. Stellantis

  • Website: stellantis.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: stellantis-slovakia

Stellantis N.V. is a multinational automotive manufacturer based in Amsterdam, Netherlands, founded in 2014. The company produces a wide range of vehicles, including passenger cars and light trucks, and is committed to sustainability and technological advancement. Stellantis has been actively investing in energy storage technologies, particularly in the context of electrification. Notable transactions include a significant investment in Factorial Energy, where they participated in a $200 million Series D funding round aimed at accelerating the production of solid-state battery technology. They also invested in Lyten, focusing on lithium-sulfur battery development, which is crucial for enhancing EV battery capabilities and reducing carbon footprints. Furthermore, Stellantis joined other strategic investors in funding Tiamat, a start-up specializing in sodium-ion battery technology, which is part of a broader effort to innovate in energy storage solutions. These investments align with Stellantis's goal to advance electrification and sustainable mobility solutions.



Energy Storage Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
European Investment Bank (EIB)Luxembourg1001-5000195899
RockstartAmsterdam, North Holland, Netherlands11-50201116
SET VenturesAmsterdam, North Holland, Netherlands11-5020075
Triton PartnersLuxembourg201-50019976
Eneco Wind Belgium S.A.Wavre, Wallonia, Belgium1-1019951
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
GimvAntwerp, Flanders, Belgium51-20019808
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
PdenhHaarlem, North Holland, Netherlands1-1020142
OikocreditAmersfoort, Utrecht, Netherlands201-500197512
SHIFT InvestAmstelveen, North Holland, Netherlands11-5020094
CvcLuxembourg1001-5000200516
StellantisAmsterdam, North Holland, Netherlands10001+20147


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