To reach a zero-emission future, we need new models of investing in clean energy innovation. Together, governments and investors can help scientists and entrepreneurs innovate, scale, and sell the next generation of low-carbon technologies.
Breakthrough Energy Ventures (BEV) is a private fund that invests in promising companies as they take great ideas from lab to market. The European Commission (EC) is a worldwide leader in establishing climate targets and supporting clean energy research and development. The two came together in May 2019 to create Breakthrough Energy Ventures-Europe (BEV-E): a first-of-a kind €100 million pilot fund that will invest in groundbreaking technologies to decarbonize every part of the modern economy. Half of the equity will come from BEV; the other half will come from InnovFin, the EC’s financing tool for pioneering research and innovation.
This novel partnership connects patient, flexible private-sector investors who know how to build strong companies with a public sector committed to cutting-edge research and development. BEV-E will work with Europe’s robust public clean-energy innovation ecosystem to get successful projects up and running as quickly as possible.
The result? More innovation, better products, and world-class companies that can deploy radically new low-carbon solutions around the world—and deliver significant and lasting reductions in greenhouse-gas emissions.
BEV-E is eager to support Europe’s best clean energy innovators as they accelerate the transformation of the energy economy, in the EU and around the globe.
In partnership with the European Commission, executed by the European Investment Bank