Participated · Equity · Sep 2025

Aukera develops battery energy storage system (BESS) projects, including a project in Romania referenced in recent reporting. The company secured a €48.5 million loan from the International Finance Corporation to support that Romanian BESS project. Public reporting focuses on this project-specific financing and does not provide broader operational or revenue metrics. The disclosed financing indicates Aukera is pursuing project-level capital raises to advance deployment. No information on founding year, headquarters, or past funding rounds was provided in the available article.

Participated · Equity · Apr 2024

Tree Energy Solutions (TES) develops e-NG, a hydrogen-based renewable molecule chemically identical to natural gas created by combining green hydrogen with biogenic or recycled CO2. TES produces green hydrogen using solar and wind in low-cost regions, then synthesises e-NG that can be transported and stored using existing infrastructure. The company is building a green energy hub and import terminal in the port of Wilhelmshaven, Germany, to facilitate imports of natural gas and e-NG, export CO2, and produce green hydrogen and power. TES has formed strategic partnerships with major energy companies including TotalEnergies, Osaka Gas, Toho Gas, Tokyo Gas, Fortescue, and ADNOC to assemble a pipeline of large-scale projects across North America, the Middle East, Australia, and Europe. The company recently closed a third fundraising round of €140M from financial institutions and energy investors to advance its upstream and downstream e-NG projects internationally. Management says the newly raised capital will be used to develop its global portfolio of large-scale e-NG production projects and the Wilhelmshaven import terminal. Tree Energy Solutions develops green hydrogen solutions that use CO2 as a carrier to import hydrogen in the form of renewable natural gas and return captured CO2 to the supply location in a closed-loop system. TES focuses on industrial-scale green hydrogen production and import terminals, with first deliveries to its Wilhelmshaven terminal expected by 2026. In an initial phase TES and Fortescue plan to supply 300,000 tons of green H2, and the projects are expected to produce sufficient renewable energy to meet the needs of 1.5 million households. The company plans global deployment with an initial focus on Australia, Europe, the Middle East, and Africa. TES positions itself as a bankable, scalable hydrogen player aimed at accelerating the energy transition. Tree Energy Solutions develops infrastructure to import and move large volumes of hydrogen into Europe, aiming to transfer solar energy from regions with abundant sun to European markets. The company is planning a "green energy hub" at the German North Sea port of Wilhelmshaven that will initially receive LNG and later switch to green hydrogen and synthetic methane (with possible inclusion of blue hydrogen). CEO Marco Alverà, the former head of Italian gas network Snam, has articulated plans to source renewable energy from places such as Chile, Australia and Texas and deliver it to Germany and other parts of Europe. The Financial Times reports the company has attracted significant investor interest, with investors contributing €65 million and placing the company's valuation at around €700 million. Management has publicly urged the EU to avoid past subsidy mistakes that enabled China to dominate solar manufacturing, arguing for mindful policy as imports scale.

Participated · Series B · Jan 2024

Kayrros captures and analyzes data across the energy sector using satellite imagery, natural language processing, Internet of Things data, and machine learning to deliver near‑real‑time market intelligence. The company has established itself as a global leader in crude oil intelligence and reports customers representing half of the world’s crude oil trading volume. Kayrros combines its technology with in‑house energy expertise to help customers make more informed trading, investment, and operational decisions. The company plans to strengthen coverage across the crude oil value chain and expand into petroleum products, power generation, natural gas, and renewables. Kayrros has grown its team from 8 to 100 engineers and scientists and operates from headquarters in Paris with offices in Houston, London, New York, and Singapore. Financially, Kayrros has completed multiple funding rounds, the latest being a Series B that increases its total funding to €32 million. Kayrros is a Paris-based climate and energy data analytics company that analyses satellite imagery and other data to deliver geospatial detection and climate-impact measurements. Its platform helps public and private organisations manage climate risks, implement low-carbon transition strategies, track sustainability goals, and transparently communicate progress. Founded in 2016, Kayrros has raised €72 million in total funding to date, including a €40 million round announced in this article. The new capital will be used to support and develop the company's geospatial detection technologies and expand its toolbox for near real-time climate data. Kayrros plans to construct a 'New Space' to promote spatial sovereignty and align with French and European strategies for next-generation satellite intelligence under the France 2030 initiative. The company’s positioning attracted both public and private backers, reflecting policy interest in space-based climate monitoring and its role in energy security and decarbonisation efforts. Kayrros builds predictive analytics described as a "weather forecast" for oil and gas consumption, production and storage. It aggregates diverse data sources including road traffic, customs data, pipeline and oil tanker information, satellite images and social network data to feed prediction models. The product is currently being tested with beta clients. The startup recently raised $9.6 million (€9 million) from Index Ventures, with John Browne and Marcel van Poecke participating. Kayrros plans to recruit 40 new employees and expects to hire many data scientists and AI engineers to develop its models. Given the lucrative nature of the energy market, the company aims to sell expensive contracts to oil and gas companies and financial traders.