Paris-based ZE Vitality, an impartial producer of renewable vitality specializing in Battery Vitality Storage Methods (BESS), has raised €54 million in a funding spherical led by Amundi Transition Énergétique.
The funding brings new stakeholders to ZE Vitality, together with Amundi’s Core+ infrastructure funds and Demeter’s Local weather Infrastructure Fund, a notable participant in vitality transition financing. Current shareholder Sorégies additionally contributed to the spherical, alongside Marguerite, HTGF, and ZE WAY INVEST.
Based on Matthieu Poisson, CEO of Amundi Transition Énergétique, this partnership marks a dedication to supporting the infrastructure for sustainable vitality options: “We’re very optimistic concerning the growth of infrastructure options combining photo voltaic vitality manufacturing and storage (BESS), permitting us to play a key function within the decarbonization of the electrical energy system.” Poisson added, “We’re delighted to associate with the founders, present shareholders, and administration group of ZE Vitality, a group that has confirmed its potential by way of its achievements since inception. We look ahead to supporting them on this European development and growth plan.”
Driving the renewable vitality transition
Based in 2019, ZE Vitality has rapidly established itself as a pacesetter in renewable vitality with a give attention to hybrid solar energy vegetation that combine photovoltaic programs with vitality storage, tailor-made particularly for continental Europe. ZE Vitality manages all elements of its tasks, from growth and financing to building and operation. It sells inexperienced vitality on to shoppers or by way of tenders, aiming to supply secure, dependable vitality options.
Mathieu Lassagne, founding father of ZE Vitality, emphasised the worth of the corporate’s method within the present market: “In a context of accelerating volatility in photo voltaic vitality costs, the mannequin proposed by ZE Vitality stands out as a high-performance resolution, supporting a managed vitality transition.” He additional famous, “Our mannequin, which mixes photo voltaic manufacturing with vitality storage, can also be assembly rising curiosity. Within the first half of 2024, photo voltaic vitality costs have more and more grow to be destructive resulting from overproduction at sure occasions. With the ability to retailer this vitality, and thus keep away from value volatility, is the optimum resolution for each producers and shoppers.”
Strategic development with contemporary capital
ZE Vitality intends to make the most of the newly raised funds to assist its growth throughout Europe over the subsequent two years. With a present undertaking portfolio exceeding 1 GW in photo voltaic capability and over 400 MW in battery storage, the corporate plans to develop its operational and construction-ready portfolio to 900 MW of solar energy and 600 MWh of storage by 2026.
Philippe Detours, Managing Associate at Demeter, shared his insights on ZE Vitality’s function in selling vitality effectivity: “With its hybrid property, the corporate is introducing an vitality effectivity method that aligns completely with the imaginative and prescient and funding thesis of the Local weather Infrastructure Fund. This fundraising will assist ZE Vitality’s development in France and internationally.”
Sorégies, a longstanding associate of ZE Vitality, echoed these sentiments. Frédéric Bouvier, Chairman of the Government Board of the Sorégies Group, said: “Flexibility is a significant problem for the vitality transition. For that reason, we’re persevering with our collaboration, capitalizing on the complementarity of our approaches and the success of our joint achievements. Our partnership results in the event of environment friendly options that provide our prospects inexperienced, native, controllable electrical energy at a secure value. Collectively, we’re pursuing our objective of creating the vitality transition accessible to all.”
ZE Vitality’s latest funding spherical underscores the rising investor curiosity in sustainable vitality options that combine renewable vitality manufacturing with superior storage applied sciences. By supporting photo voltaic manufacturing and storage in Europe, ZE Vitality goals to supply resilient, environmentally accountable options that serve each producers and shoppers whereas fostering vitality stability throughout the continent.
