ENGIE New Ventures, ENGIE’s corporate venture capital arm dedicated to innovative start-ups that lead the energy transition, has won the 2022 global award for the Best Cleantech Strategic Investor Global, selected by a jury from the prestigious international financial magazine CFI.co. This award underlines ENGIE New Ventures’ contribution to the development of sustainable solutions and also the quality of the investments it has made as part of a long-term strategy of striving for a world without carbon.
Capital Finance International is an international magazine and website dedicated to finance and the economy. Every year, it highlights people and organisations who make significant contributions to economic convergence and provide genuine added value for all stakeholders. For winners like ENGIE New Ventures, international recognition of this kind rewards excellent performances in key areas such as the identification of and investment in start-ups developing solutions and technologies which enable carbon neutrality to be achieved.
The jury draws on its extensive experience in company management and financial journalism when choosing the winners, and rewards global performances based on several criteria:
- Recognition of the relevance of environmental, social and governance factors (ESG) for investors;
- Global vision encompassing all the various risks and opportunities;
- Aligning of financial performance with the wider overall impact;
- Companies’ ethical behaviour;
- Efficient research, analysis and evaluation of ESG issues;
- Experience of the investment team(s), and Excellence, innovation and global contribution to the long-term health, progress and stability of global financial markets.
“ENGIE New Ventures is proud that its contribution to the implementation of sustainable solutions has been recognised and that its long-term strategies are contributing to a more sustainable future,” said Johann Boukhors, Managing Director of ENGIE New Ventures.
ENGIE New Ventures (ENV) is a €180 million fund supporting start-ups which develop technologies to digitise, decarbonise and decentralise the energy industry, via renewable clean energy production, green gas such as green hydrogen and biomethane, carbon capture and usage, etc.
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.
The fund invests directly in the scaling operations of clean technology companies which have proved their worth, working in close collaboration with management teams to form long-term partnerships and drive strategic growth. ENGIE New Ventures’ portfolio includes 25 start-ups, 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.
ENGIE New Ventures makes minority investments of between one and five million euros and focuses on start-ups in their growth and expansion phases. The success of its investments is underpinned by three differentiating factors: support from experts in the sector, access to the markets and the quality of the teams. All investments are in a technology, client solution or business model that is designed to open up new market opportunities and accelerate innovation within the ENGIE Group’s operational units. ENGIE New Ventures is based in Paris and also has offices in San Francisco and Santiago as well as representation in Tel Aviv and Singapore.
About CFI.co
CFI.co is a print journal and online resource reporting on business, economics, and finance. The journal recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds, CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy.
About ENGIE New Ventures
ENGIE New Ventures (ENV) is the Corporate Venture Capital arm of ENGIE, the global energy and services provider. ENV is a €180 million investment fund focused on making minority investments in innovative start-ups. Since 2014, ENV has deployed 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.
