2025年欧洲能源技术融资状况

1Intro: Energy Resilience rise up in the agenda2Energy Tech financing in Europe3Energy x AI4Grid and batteries5Green molecules6Natural Capital Page/ 3Energy Security is now truly top of mind in EuropeEuronews, BloombergSource: Page/ 4AI analysis of startup press releases from outlets (e.g. EU-Startups, Tech.eu, Business Wire, ...)Source:transitionemissionsrenewablecleancarbongreenclimatedecarbonizationsustainabilityDifferent narratives, same solutionsEnergy tech pitchtill 2021Renewables, nuclear energy, geothermal, hydrogen and other greenmolecules, electric vehicles, batteries, grid technology, energy efficiency… Energy tech pitch2022+securitygridstabilityresiliencepricecarboncostcrisisindependence Page/ 5Europe has already achieved a lot in the energy transition€604BSpend by EU on fossil fuelimports in 2022 due to gasenergy crisis linked toRussia2-5xHigher energyprices in Europevs the US+2.3°CIn Europe in 2024. Europe is thefastest-warming continent and itstemperatures are rising at roughlytwice the global average which posesmajor challenges throughout EuropeEurope imperativeto decarbonizeDealroom.co, European Commission Action Plan on Energy costsSource:Notableachievements€45B/yearSaved in energy costsin 2025 in EU. Projectedto rise to €130B/yearby 2030 and €260B/yearin 204047%Share of renewables in electricitygeneration in EU in 2024, up from 34%in 2019. Fossil fuel electricity generationdown to just 30%. Overall gasconsumption down 20% since 2019. -50%Powergenerationemissions in2024 comparedto 2007 Page/ 6But China isspending doublethe global averageon energy transitionas % of GDPThe EU is around theaverage on bothenergy transition anddefenseUS is almost not competing,leaving the clean tech marketto China Page/ 7And China is dominating clean energy deployment and electrification.RMISource:PatentMakeDeployClean energy patentsRenewablesElectrification1801601401201008060402020002005 2010 2015 2020Battery manufacturing capacity2,5002,0001,5001,00050020032020GWh000s1,200900600300GW solar and wind capacity302520155EJ electricity consumption1020002005 2010 2015 2020 202319901995200020052010201520202010▊Europe▊US▊China “Europe must unite. We must strengthenthe European industries and increasespending to at least 3% of GDP.Climate technologies play a critical and massivelyunderestimated role in strengthening our resilience: we need toinvest significantly in our energy sovereignty, food security,access to raw materials, and become a leader in frontiertechnologies such as biotech, fusion, robotics, e-aviation,spacetech, and quantum computing without delay.”» Read The Importance of Climate Techfor European Resilience white paper Page/ 8Page/ 8Danijel ViševićGeneral Partner 1Intro: Energy Resilience rise up in the agenda2Energy Tech financing in Europe3Energy x AI4Grid and batteries5Green molecules6Natural Capital Page/ 10Europe % peakedin 2023,surpassing theUS, strongerdecrease sincethenVery strong startof 2025 for theUS attractingover 50% ofglobal funding Page/ 11$9B raised in 2024,representing a39% drop from2023First decline in10 years, sectorhad been growingevery year for thepast decade2023 best yearwith $15.5B raisedHardware solutionsattract bulk of total fundingsince 2019 European energy VC investment by type» view online▊Hardware▊Asset-light▊Other Page/ 12Dealroom.coEarly & breakout resilient, massive late stage drop (60%) by volume,but not as severe by deal activityLate$3.6B funded, a -60% decline compared to 2023.▊$100–250m (mega rounds)▊$250m+ (mega+)Growth$3.9B funded, a -4% decline compared to 2023.▊$15–40m (series B)▊$40–100m (series C)Early$2.1B funded, a -8% decline compared to 2023.▊$0–1m (pre-seed)▊$1–4m (seed)▊$4–15m (seriesA)Selected rounds of 2024Selected rounds of 2024Selected rounds of 2024Source: 400+ global Climate Tech investors Page/ 14Despite a decline inEuropean energy VCfunding in 2024,non-equity financinghas surged to arecord-high $18BTotal funding hasdropped 15%year-over-year Page/ 15Energy efficiency andWater are mostVC-reliantGreen moleculesheavily debt reliantWater also awarded grants Page/ 16Dealroom.co This graphic is meant to be representative and not exhaustive of all relevant players. and highlightsleading players in each layer of the Climate Capital StackNotable Debt and Grants providers for climate tech startups in EuropeDebtGrantsVenture debtInfrastructure and asset-heavy debtSource: Page/ 17Segments such asgreen hydrogen andnuclear fusion areamong the fastestgrowing Energysegments in EuropeElectric mobility is themost funded Page/ 18Europe leads byVC funding ingrid tech,sustainableaviation and evchargingIt trails behind ingeothermal and nuclearAsia is a leader in many ofthese segments but not inthe lens of VC fundingNotable areas of VCfunding focus in Asia are EVmanufacturing and EVbattery, as well as solarand wind 1Intro: Energy Resilience rise up in the agenda2Energy Tech financing in Europe3Energy x AI4Grid and batteries5Green molecules6Natural Capi