EIT InnoEnergy ranks #1 most active VC investor globally in energy in 2024

Pitchbook’s Global League Tables for 2024 rank InnoEnergy as the most active Venture Capital (VC) investor in energy globally. This marks InnoEnergy’s fourth annual ranking as the most active VC investor in the global energy sector since 2020.

We are proud to rank at the top of Pitchbook’s tables as it is a testament to our work and consistent focus. Our world faces new geopolitical challenges but continues to need clean energy that satisfies an increasing demand and supports our growth and decarbonisation. As we have for 15 years, we will keep accelerating the energy transition by fostering innovation, creating industrial champions, and helping shape markets. It is in our DNA, and regardless of how political winds blow or market challenges, we continue transforming industries.

Elena Bou, Co-founder and Executive Board member of InnoEnergy

Despite 2024 being a tough year for the capital markets, InnoEnergy’s portfolio closed 56 rounds, raising over EUR 4.3B in equity and public funding. In terms of new investments, InnoEnergy welcomed 14 new companies to the portfolio across areas such as deep tech, AI, carbon offsets, energy storage, ocean energy, decarbonisation of industry, and circular economy. Much of InnoEnergy’s success comes from the ecosystem formula for developing innovative companies across clean tech industries.