ZE Energy funding news – Paris-based ZE Energy Secures €54Million in New Funding

The round was led by Amundi Transition Énergétique, with new investors Amundi’s Core+ infrastructure funds and Demeter’s Climate Infrastructure Fund joining. Existing investor Sorégies also participated, along with Marguerite, HTGF, and ZE WAY INVEST.

Matthieu Poisson, CEO of Amundi Transition Énergétique, says, “We are very optimistic about the development of infrastructure solutions combining solar energy production and storage (BESS), allowing us to play a key role in the decarbonisation of the electricity system. We are delighted to partner with the founders and existing shareholders as well as the management team of ZE Energy, a team that has proven itself through what the company has achieved since its creation and its potential, and we look forward to supporting them in this European growth and expansion plan.”

Use of Funds

ZE Energy will use the new funding to help grow its business over the next two years, with a focus on expanding in Europe.

The company currently has over 1 GW of solar power and 400 MW of battery storage. By 2026, ZE Energy plans to increase its portfolio to 900 MW of solar power and 600 MWh of storage, ready for operation or construction.

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Philippe Detours, Managing Partner at Demeter, says, “With its hybrid assets, the company is bringing an energy efficiency approach that is perfectly aligned with the vision and investment thesis of the Climate Infrastructure Fund. This fundraising will support the growth of ZE Energy in France and internationally.”

Frédéric Bouvier, Chairman of the Executive Board of the Sorégies Group, adds, “Flexibility is a major challenge for the energy transition. For this reason, we are continuing our collaboration by capitalising on the complementarity of our approaches and the success of our joint achievements. Our partnership leads to the development of efficient solutions that offer our customers green, local, controllable electricity at a controlled price. Together, we are pursuing our goal of making the energy transition accessible to all.”

Mathieu Lassagne, founder of ZE Energy, says, “In a context of increasing volatility in solar energy prices, the model defended by ZE Energy stands out as a high-performance solution, serving a controlled energy transition. Our model, combining solar production and energy storage, is also meeting growing interest. In the first half of 2024, solar energy prices have increasingly become negative, due to overproduction at certain times. Being able to store this energy, and therefore not subject to price volatility, is the optimal solution for both producers and consumers.”

About ZE Energy

Founded in 2019, ZE Energy is an independent renewable energy company that focuses on solar power plants combined with energy storage, mainly for Europe. The company handles every step of its projects, including development, funding, construction, and operation. It sells green energy directly to consumers or through tenders.