ENERGO raises €16.5 million for the industrial and commercial deployment of its cold plasma catalytic reactors

ENERGO, a French start-up and member of the Tenerrdis network, has developed a breakthrough technology based on the coupling of catalysis and cold plasma, enabling the production of molecules of interest for the decarbonization of industry, such as green hydrogen, biofuels or synthetic methane from CO2, biogas and ammonia.

Founded in 2018 by Vincent Piepiora on the basis of academic research conducted at ChimieParisTech - Université PSL, ENERGO offers a competitive, compact solution that can be adapted to any site, providing a decentralized approach conducive to the energy transition. Cold plasma catalytic reactors are an effective and innovative tool for the chemical industry, with numerous applications in the field of decarbonization.

This round of financing will enable ENERGO to strengthen its teams and set up a manufacturing workshop for its reactors, as well as a test hall for its demonstrators, with a view to large-scale commercialization.

Winner of the first class of La French Tech 2030 in 2023, ENERGO has benefited since its creation from the invaluable support of the BPI, ADEME, the Hauts-de-France region, PSL University-Chimie Paris and the European Union, all of which have played an essential role in its development.

Vincent Piepiora, Chairman of Energo, comments: " We are very pleased to finalize this fund-raising with leading investors in the field of sustainable and responsible investment. This financing will enable us to maintain our technological lead by investing heavily in our R&D and our equipment and energy production facilities. This collaboration will support our expansion, strengthen our market position, boost our innovation and consolidate our ESG approach. "

Sabine Schimel, Managing Director of Crédit Mutuel Impact, comments: " The technology developed by ENERGO is a highly promising and efficient solution for the production of biofuels, biomethanol and green hydrogen. By contributing to the decarbonization of industry and mobility, this operation is fully in line with the investment strategy of our Fonds Révolution Environnementale et Solidaire, which is funded by Crédit Mutuel Alliance Fédérale's societal dividend. We support the ambition of ENERGO's founders and their industrial vision, and are proud to accompany the company over the long term to enable it to reach a new scale and succeed in the commercial deployment of its high-impact environmental technology ".

Philippe Berterottière, Chairman and CEO of GTT, commented: " GTT, through its investment fund GTT Strategic Ventures, is proud to support the development of ENERGO, which contributes to the energy transition through its innovative and competitive technologies. In particular, Energo's solutions have the potential to contribute to the decarbonization of maritime transport through the production of low-carbon fuels, as well as to the emergence of the hydrogen sector. Alongside our co-investors, we will enthusiastically support a talented management team committed to building a sustainable world. ENERGO is the fourth minority investment for GTT Strategic Ventures, whose ambition is to contribute to the growth of climate tech champions.