EnergyWatch

France emerges as VC dealmaker for alternative to nuclear energy

Three French companies participated in more green-energy deals than any other venture capital firms last year, according to the most recent data compiled by Bloomberg New Energy Finance.

Photo: CLAUDE PARIS/AP/POLFOTO/arkiv

Three French companies have emerged as the most prolific venture capital dealmakers for new energy technologies as the country starts to seek out low-polluting alternatives for its aging nuclear reactors.

Engie SA, Demeter Partners SA and Total SA participated in more green-energy deals than any other venture capital firms last year, according to the most recent data compiled by Bloomberg New Energy Finance. While the USD 62.3 million that French funds put into the industry is a fraction of the overall USD 7.5 billion VCs invested in green energy, the number of deals indicates a budding community of early-stage financiers outside Silicon Valley.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs