ENGIE New Ventures not only invests in start-ups, but supports them in the development of their business model to turn them into strategic assets for the ENGIE Group.
Climate 50 is an annual list that aims to recognize the 50 most impactful climate investors at world scale. Its objective is to support investors in devising and implementing innovative solutions to help our world accelerate its energy transition.
The Global Climate VC ranking is the most extensive and advanced list of the kind in the climate community. It recognizes the investors who allocate capital to businesses building cutting-edge technology that move us closer to a net-zero planet. “We sought to craft a methodology that would incorporate metrics defining a great investor. We reached beyond traditional financial performance metrics, taking into account less conventional metrics such as the reputation and image of each investor, including the founder’s voice”, said the Climate 50 jury.
Johann BOUKHORS, Managing Director, ENGIE New Ventures, said: “At a time when climate crisis is becoming one of the biggest global priority, we are very proud of this award recognizing the contribution of ENGIE New Venture towards carbon neutrality. We firmly believe that financing and endorsing climate tech innovations is a necessary step to meet the ambitious goals set by the Paris Agreement, and the award of ENGIE New Ventures in the Climate50 Awards as Top Corporate VC Fund worldwide is a wonderful acknowledgment”.
Founded in 2014, ENGIE New Ventures is the investment fund of ENGIE’s Research & Innovation division. It aims to accelerate the transition toward a carbon-neutral economy through its investments. With €180 million at its disposal, the fund invests in the scaling operations of cleantech companies at global scale, working in close collaboration with management teams to form long-term partnerships and drive strategic growth. The fund not only invests in start-ups, but supports them in the development of their business model to turn them into strategic assets for the ENGIE Group. Since its inception, ENGIE New Ventures has deployed its capital across 29 startups, with recent investments in Ineratec, H2SITE and Ndustrial – companies which offer innovative solutions in areas as varied as synthetic fuels and natural gas decarbonisation technologies.
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