ENGIE New Ventures

What ENGIE New Ventures does

ENGIE New Ventures (ENV) is the corporate venture capital arm of ENGIE Group, established in 2014 as an evergreen vehicle with €250M+ in committed capital to take minority equity stakes in early-stage cleantech and energy-transition startups. ENV invests €1-5M tickets per company, screening for technologies that can form a strategic partnership with one of ENGIE's business units and materially contribute to ENGIE's EBIT. The stated investment model is a collaboration roadmap: each deal begins with a pilot on ENGIE operations, followed — if successful — by industrialization onto ENGIE assets with the objective of becoming a standard across the group. Once strategic ambitions are met, technology is derisked, and commercial traction is achieved, ENV divests and recycles capital into new investments aligned with ENGIE's strategic priorities.

The fund's go-to-market is sales-led in the sense that deal origination, evaluation, and post-investment stewardship are driven by a 10-person investment team operating from Paris, San Francisco, Tel Aviv, Singapore, and Santiago. Deal flow is sourced through ENGIE's Open Innovation platform (hundreds of calls for projects per year), industry events (Viva Technology, Ecosummit, High Tech Venture Days), direct outreach, and inbound applications. Returns are generated through capital gains on exits — most notably the HomeBiogas IPO on the Tel Aviv Stock Exchange at a NIS 310M valuation — with stated failures including AirWare, Serviz, and Connit. Since inception, ENV has invested in 50+ startups, with 23 active in the current portfolio spanning renewable energy, energy efficiency, green gases (hydrogen and biogas), carbon capture and removal, energy storage, demand response, mobility, and IoT.

ENV's core competitive differentiation is its position inside ENGIE Group, giving portfolio companies privileged access to ENGIE's global operating footprint, business-unit procurement, and customer base as a deployment channel — a structural advantage not available to standalone cleantech VCs. Recent investment activity (ExerGo in district heating, GravitHy in green steel, H2SITE in hydrogen infrastructure, ClimeFi in carbon removal) shows a thematic pivot toward hard-to-abate industrial decarbonization. The fund is led by Managing Director Johann Boukhors, with Investment Directors Laurent Rambaud, Vincent Pichon, and Carlos Chalbaud, two Senior External Advisors (Anne Baer, Sheeraz Haji), two Investment Analysts, and a Financial Manager. ENV has been recognized as Corporate Investor of the Year by the Cleantech Group (2018), Best Cleantech Strategic Investor Global by CFI.co (2022), and a Top Corporate VC Fund at the Climate 50 Awards (2022).

Name

ENGIE New Ventures

Legal name

ENGIE SA

Website

http://www.engieventures.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

ENGIE New Ventures is the €250M+ corporate venture capital arm of ENGIE Group, making €1-5M minority equity investments in early-stage cleantech startups since 2014. It provides portfolio companies a structured pilot-to-industrialization pathway onto ENGIE's global operational assets, with 50+ startups funded and 23 active in the portfolio.

Ownership category

akta.pro rank

Product category

Corporate Venture Capital / Cleantech Investment Services

NAICS

Other Financial Vehicles (52599), Miscellaneous Financial Investment Activities (523999), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Corporate venture capital
• Cleantech investment
• Energy transition funding
• Minority equity investments
• Strategic venture partnerships

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Capital Gains from Portfolio Companies: ENGIE New Ventures generates returns through minority equity investments in cleantech startups. Once strategic ambitions are achieved, technology is derisked and commercial traction is met, the fund aims at divesting and recycling capital into other innovative startups aligned with strategic priorities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ENGIE New Ventures is the corporate venture capital fund of ENGIE Group, managing over €250 million to make minority equity investments (€1-5 million per company) in early-stage cleantech startups focused on energy transition. The fund combines financial capital with strategic partnership access to ENGIE's global business units, providing portfolio companies a pathway from pilot on ENGIE operations to industrialization onto ENGIE assets, with the goal of divesting once strategic objectives and commercial traction are achieved.

Product overview

ENGIE New Ventures is a corporate venture capital fund, not a product company. It operates as the CVC arm of ENGIE Group, making minority investments of €1-5 million in innovative cleantech startups since 2014. The fund focuses on technologies and solutions for the energy transition including renewable energy, energy efficiency, green gases (hydrogen, biogas), carbon capture, energy storage, demand response, mobility, and IoT. The fund is represented in Paris, San Francisco, Tel Aviv, Singapore, and Santiago, with over €250 million invested in more than 50 startups.

Differentiator

Problem solved

Functional benefit

Products and services

• ENGIE New Ventures Investment Fund Corporate venture capital fund providing minority equity investments (€1-5 million per company) in early-stage cleantech and energy-transition startups, combined with a strategic collaboration roadmap featuring pilot deployment on ENGIE operational assets followed by industrialization onto ENGIE assets and eventual divestment and capital recycling. Designed for founders and management teams of early-stage cleantech companies whose technologies can form a strategic partnership with ENGIE's business units.

Quantifiable outcome

• Over 50 solutions invested since 2014
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Global Energy Management & Sales (ENGIE)coreStrategic or Co-development Partner · 5 September 2024ENGIE business entity partnered with ClimeFi through a collaboration agreement to bring ClimeFi's carbon removal solutions to ENGIE's wide portfolio of customers.
• TECNALIAcoreTechnology or Integration · 30 June 2022Spain's largest private research center developed membrane reactor technology; co-investor and technology provider for H2SITE.
• EnergyworxcoreStrategic or Co-development Partner · 16 July 2020ENGIE leads new funding round in Energyworx alongside EDP Ventures and SET Ventures. Partnership enables ENGIE to use Energyworx's Energy Data Management platform for digital platforms and customer analytics.
• EcosummitminorGTM or Marketing Partner · 6 May 2020ENGIE New Ventures participated in Ecosummit zoom event to connect with cleantech investors and startups.
• VyntelligencecoreStrategic or Co-development Partner · 12 November 2019Technical and commercial partnership with Vyntelligence to create custom storyboards and domain-specific AI models for sustainability and asset performance services for ENGIE enterprise clients.
• RedaptivecoreStrategic or Co-development Partner · 16 April 2018ENGIE forged a commercial partnership with Redaptive to bring Efficiency-as-a-Service platform to ENGIE clients. Redaptive works with ENGIE in North America and ENGIE Impact teams for turnkey energy efficiency services.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• bp ventures: Corporate venture arm of bp, investing across energy, mobility, and cleantech. Operates a comparable minority-equity CVC model with strategic partnership pathways into bp's operating businesses.
• Shell Ventures: Corporate venture arm of Shell plc, investing in early- to growth-stage energy and mobility startups. Comparable CVC mandate and structure, targeting decarbonization themes that overlap with ENV's cleantech portfolio.
• Breakthrough Energy Ventures: Bill Gates-backed cleantech venture fund investing across the same decarbonization verticals (hydrogen, carbon removal, green steel, storage) and co-investing alongside ENV in multiple rounds including H2SITE and C-Zero. Closest peer in mandate and stage focus.
• Chevron Technology Ventures: Corporate venture arm of Chevron focused on emerging technologies including cleantech and lower-carbon solutions. Similar large-major-backed CVC structure with strategic deployment of portfolio tech onto parent assets.
• TotalEnergies Ventures: Corporate venture arm of TotalEnergies investing across renewables, mobility, and cleantech. Operates a comparable large-energy-major-backed CVC structure targeting the energy transition with strategic-partnership roadmaps.
• Equinor Ventures: Corporate venture arm of Norwegian energy major Equinor, investing in early- and growth-stage energy transition startups including hydrogen. Co-investor with ENV in H2SITE and operates a similar large-utility-backed CVC model.
• Eni Next: Corporate venture arm of Italian energy major Eni, focused on cleantech and energy transition startups. Direct CVC peer in mandate, structure, and stage, having co-invested alongside ENV in C-Zero's $34M round.
• Next47 (Siemens): Corporate venture arm of Siemens AG investing in industrial-tech, energy, and sustainability startups. Operates a similar minority-equity CVC model with strategic deployment of portfolio tech across parent industrial assets, and Siemens Financial Services is a known co-investor in ENV portfolio companies like GravitHy.
• EDP Ventures: Corporate venture arm of Portuguese renewables major EDP, focused on cleantech and energy transition. Co-investor alongside ENV in Energyworx, sharing the same sector-specialist CVC thesis and minority-ticket strategy.

Broad incumbents

• Microsoft Climate Innovation Fund: Climate-focused investment vehicle of Microsoft backing cleantech and carbon-removal startups. Co-investor with ENV in Raptor Maps and C-Zero, operating a broader climate-tech mandate from a tech-major rather than energy-major base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/engie-new-ventures
• Xx.com/ENGIEInnov

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ENGIE New Ventures