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Paris-based ZE Energy, a pioneering renewable energy producer with a sharp focus on Battery Energy Storage Systems (BESS), has successfully secured €54 million in fresh funding led by Amundi Transition Énergétique. This infusion of capital strengthens ZE Energy’s growth trajectory. It welcomes influential new stakeholders, such as Amundi's Core+ infrastructure funds and Demeter’s Climate Infrastructure Fund, recognized players in energy transition financing. Existing shareholder Sorégies and Marguerite, HTGF, and ZE WAY INVEST also participated in this robust funding round.
According to Matthieu Poisson, CEO of Amundi Transition Énergétique, this partnership marks a commitment to supporting the infrastructure for sustainable energy solutions: “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 decarbonization of the electricity system.” Poisson added, “We are delighted to partner with the founders, existing shareholders, and management team of ZE Energy, a team that has proven its potential through its achievements since inception. We look forward to supporting them in this European growth and expansion plan.”
Founded in 2019, ZE Energy has rapidly positioned itself as a driving force in renewable energy. It focuses on hybrid solar power plants that blend photovoltaic systems with cutting-edge energy storage. Designed specifically for continental Europe, ZE Energy’s projects span every phase, from development and financing to construction and long-term operation. By selling green energy directly to consumers or through competitive tenders, ZE Energy aims to provide consistent, reliable power to meet Europe’s growing energy demands.
Mathieu Lassagne, founder of ZE Energy, emphasized the value of the company’s approach in the current market: “In a context of increasing volatility in solar energy prices, the model proposed by ZE Energy stands out as a high-performance solution, supporting a controlled energy transition.” He further noted, “Our model, which combines solar production with 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 thus avoid price volatility, is the optimal solution for both producers and consumers.”
With this fresh capital, ZE Energy is poised for strategic growth across Europe over the coming years. Currently, the company boasts a project portfolio exceeding 1 GW in solar capacity and 400 MW in battery storage. By 2026, ZE Energy aims to elevate its operational and construction-ready assets to 900 MW of solar capacity and 600 MWh of storage, a significant step toward fortifying Europe’s renewable energy infrastructure.
Philippe Detours, Managing Partner at Demeter, shared his insights on ZE Energy’s role in promoting energy efficiency: “With its hybrid assets, the company is introducing an energy efficiency approach that aligns perfectly with the vision and investment thesis of the Climate Infrastructure Fund. This fundraising will support ZE Energy’s growth in France and internationally.”
Sorégies, a longstanding partner of ZE Energy, echoed these sentiments. Frédéric Bouvier, Chairman of the Executive Board of the Sorégies Group, stated: “Flexibility is a major challenge for the energy transition. For this reason, we are continuing our collaboration, capitalizing 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 stable price. Together, we are pursuing our goal of making the energy transition accessible to all.”
This funding round highlights the escalating investor appetite for sustainable energy solutions and underscores ZE Energy’s role in leading the charge for resilient, green energy systems in Europe. By integrating renewable production with advanced storage, ZE Energy is paving the way for stable, eco-friendly energy that benefits both producers and consumers, promoting a more sustainable and energy-secure continent.
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