ENGIE New Ventures, the investment fund of ENGIE’s Research & Innovation division dedicated to innovative climate technology startups, was rewarded at the 2021 Climate 50 Awards in the category Top Corporate VC Fund for its investments in solutions for a net-zero future.
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 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.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2021: 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
About ENGIE New Ventures
ENGIE New Ventures (ENV) is thethe investment fund of ENGIE’s Research & Innovation division dedicated to innovative climate technology startups. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized and digitized world. ENV is a €180 million investment fund focused on making minority investments in innovative start-ups. Since 2014, ENV has deployed over €164 million of capital across 29 investments, in disruptive start-ups leading the energy transition and active in renewable energies, hydrogen, energy efficiency and flexibility, heating and cooling networks. ENV’s offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv.
