Future Energy Ventures Raises €205M Fund II To Boost European EnergyTech Investments

The fund was initially anchored by E.ON SE and the European Investment Fund (EIF) and now includes additional strategic and institutional investors such as KfW Capital, ABN AMRO, CLP, BGK, ISA Energia, Borusan, Zorlu Holding, Telos Impact, KELAG, MTR, and Sabanci Climate Ventures. The Italian fund, fully financed by CDP, co-invests alongside the main fund.

“The closing of this fund demonstrates that energy technology is increasingly being recognised as a significant market,” says Jan Lozek, CEO of Future Energy Ventures. “For founders, this means innovative solutions in storage, grid optimisation, and renewable energy have access to serious capital. For investors, it shows that financial returns and global relevance are compatible. For the market overall, it underlines that the energy transition is both inevitable and economically significant.“

In 2025, several European EnergyTech companies operating in areas adjacent to Future Energy Ventures (FEV)’s focus secured fresh investment, reflecting a broader flow of capital into software-driven solutions for the energy transition.

Germany’s Terra One raised €150 million to expand its grid-scale battery-storage portfolio, while the Netherlands’ Sympower secured €42 million to scale BESS optimisation and flexibility services across Europe. Belgium-based LIFEPOWR added €5.65 million for its virtual-power-plant technology, and Spain’s Clevergy obtained €3.2 million to grow its smart-energy SaaS platform.

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Italy’s Renewcast raised €1 million for AI-driven forecasting tools and Dutch startup Twindo closed €1 million to scale its renewable-infrastructure operations platform. Germany’s etalytics extended its Series A to €16 million to advance AI-driven industrial-energy-optimisation technology. Collectively, these 2025 rounds represent roughly €219 million invested in software-centric EnergyTech across Europe.

In the venture landscape, Paris-based Serena closed its fourth flagship vehicle at €200 million for applied AI and energy-transition technologies, Armilar launched a new €120 million multi-market fund targeting DeepTech and digital transformation in Southern Europe, and Backed VC closed its third fund at €86 million to support frontier technologies, some intersecting with climate and energy innovation.

Against this backdrop, FEV’s Fund II closing positions it as one of the largest specialized vehicles in the sector. Its focus on digital, asset-light technologies aligns with this year’s startup trends, particularly in flexibility, storage optimisation, energy-efficiency software and AI-enabled grid services. With multiple 2025 funding rounds originating from Germany and Italy key geographies for FEV’s investor base and its dedicated Italy fund the market demonstrates strong demand for capital in software-driven clean-energy systems.

Marjut Falkstedt, EIF Chief Executive, adds: “Better managing our energy needs is one of the most important challenges of our time. That’s why we are excited about our participation in the newly established fund. This investment aligns perfectly with the EIF’s strategic objectives and our commitment to driving the energy transition and supporting decarbonisation efforts across Europe.“

Founded in 2016 by European energy companies RWE and E.ON, Future Energy Ventures (FEV) invests in digital and asset-light infrastructure solutions to accelerate the transition to renewable energy.

Operating as both advisor and operator, FEV bridges traditional energy and an electrified society with clear decarbonisation goals. Led by Jan Lozek, Veronique Hördemann, Ohad Mamann, Patrick Elftmann, Moritz Jungmann, and Jan Palasinski, the fund targets Series A and B energy startups with AI-driven, software-based solutions that optimize grid efficiency, enable demand flexibility, and integrate advanced technologies into energy systems.

FEV’s portfolio includes Chloris, Enspired, Feld Energy, Jua, Piclo, Reev, and Station A, companies advancing innovation in flexibility management, e-mobility, building and industry electrification, and AI applications.

“Europe has the innovation power, talent, and industrial capacity to take a leading role in the global energy transition,” says Veronique Hördemann, Managing Partner and CFO of Future Energy Ventures. “The key now is that political frameworks facilitate investment and scaling, so Europe can fully realise its potential in energy technology. The energy transition offers the opportunity to drive economic growth, strengthen energy sovereignty, secure jobs, and enhance competitiveness.“

With this milestone, FEV establishes itself as Europe’s largest advisor for energy-technology-focused VC investments.

Amid debates over environmental policies and rising geopolitical tensions highlighting the need for energy sovereignty, FEV views this fund closing as a catalyst for energy security, economic prosperity and sustainability. Transitioning from volatile fossil fuels to locally controlled renewable systems is now both an economic and strategic imperative.

FEV is positioning itself to identify, invest in, and scale the technologies that will shape the energy systems of the future.

EU-Startups has previously covered FEV, including its €110 million fund launch in 2024 and leadership commentary on Germany’s energy and technology policies in 2025, providing context for the latest fund closing.

About Future Energy Ventures

Future Energy Ventures is a leading venture capital and collaboration platform connecting top startups with corporate partners to transform the energy sector. FEV invests in digital and digitally enabled technologies and business models that drive sustainability, optimize energy systems, and help shape the renewable, efficient, and resilient energy landscape of the future.