Berlin-based Future Energy Ventures (FEV) has closed Fund II at €205 million, alongside a dedicated €30 million vehicle for Italy, strengthening its role as one of Europe’s largest EnergyTech-focused venture platforms.
The main fund was anchored by E.ON SE and the European Investment Fund (EIF), later joined by strategic and institutional backers including KfW Capital, ABN AMRO, CLP, BGK, ISA Energia, Borusan, Zorlu Holding, Telos Impact, KELAG, MTR, and Sabanci Climate Ventures.
The Italy-specific fund is fully financed by CDP and co-invests alongside Fund II.
Strong Investor Confidence In EnergyTech
“The closing of this fund shows that digital energy technology has become a major investment category,” says Jan Lozek, CEO of FEV. “For founders, it means real capital is flowing into storage, grid optimisation, and renewable innovation. For investors, it demonstrates that financial returns and climate relevance go hand in hand.”
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European EnergyTech Funding Momentum
The fund closes during an active year for software-driven EnergyTech across Europe.
In 2025:
- Terra One raised €150M for grid-scale battery storage
- Sympower secured €42M for BESS optimisation
- LIFEPOWR added €5.65M for virtual-power-plant tech
- Clevergy raised €3.2M for smart-energy SaaS
- Renewcast and Twindo each raised €1M for forecasting and infrastructure tools
- etalytics extended its Series A to €16M for AI-based industrial energy optimisation
These deals represent approximately €219 million invested in EnergyTech software this year.
On the VC side, new deep-tech and climate-oriented funds from Serena (€200M), Armilar (€120M), and Backed VC (€86M) further strengthen the ecosystem.
Against this backdrop, Future Energy Ventures Fund II stands out as one of Europe’s largest specialist vehicles, focusing on digital, asset-light solutions that enhance grid efficiency, demand flexibility, storage optimisation, and AI-enabled energy systems.
Aligning Capital With Climate And Security Priorities
“Managing energy intelligently is one of the defining challenges of our time,” notes EIF Chief Executive Marjut Falkstedt.
“This fund aligns perfectly with EIF’s commitment to accelerating decarbonisation across Europe.”
A DeepTech-Driven Approach To The Energy Transition
Founded in 2016 by RWE and E.ON, FEV backs Series A and B companies building digital infrastructure for the renewable age.
Its leadership team includes Jan Lozek, Veronique Hördemann, Ohad Mamann, Patrick Elftmann, Moritz Jungmann, and Jan Palasinski.
The fund invests in AI-enabled and software-centric technologies powering flexibility management, electrification, e-mobility, grid intelligence, and automation.
Portfolio companies include Chloris, Enspired, Feld Energy, Jua, Piclo, Reev, and Station A.
“Europe has the talent and industrial capacity to lead the global energy transition,” says Managing Partner & CFO Veronique Hördemann. “Now, political frameworks must enable scaling. The transition is a chance to boost economic growth, strengthen sovereignty, secure jobs, and enhance competitiveness.”
About Future Energy Ventures
Future Energy Ventures is a venture capital and collaboration platform investing in digital and digitally enabled solutions reshaping global energy systems. With a strong corporate partner network and a focus on scalable software, Future Energy Ventures supports startups driving decarbonisation, grid innovation, and the shift to a renewable, resilient energy future.
