Paris-based ZE Energy, a renewable energy producer specializing in hybrid solar and battery energy storage systems (BESS), has successfully raised €54 million in funding.
The round was led by Amundi Transition Énergétique and included investments from Amundi’s Core+ infrastructure funds and Demeter’s Climate Infrastructure Fund, both key players in energy transition financing. Existing investor Sorégies, along with Marguerite, HTGF, and ZE WAY INVEST, also participated in this round.
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Pioneering a Stable and Sustainable Energy Solution
Since its founding in 2019, ZE Energy has focused on developing hybrid solar power plants across Europe, combining photovoltaic systems with energy storage to enhance energy stability and manage solar power price volatility. With over 1 GW of solar capacity and 400 MW of battery storage in its current project portfolio, ZE Energy plans to expand its reach to 900 MW of solar power and 600 MWh of storage by 2026. CEO Matthieu Poisson emphasized the need for flexible solutions, noting that the company’s hybrid model mitigates the impact of price fluctuations in the solar energy market.
Strategic Investment for European Expansion
ZE Energy will leverage this new funding to accelerate its European footprint, expand its portfolio, and develop efficient energy solutions. This approach not only stabilizes pricing but also supports broader energy transition goals. Demeter’s Philippe Detours highlighted that ZE Energy’s hybrid assets align with Demeter’s vision of energy efficiency, while Sorégies’ Frédéric Bouvier noted the importance of flexibility in achieving a sustainable energy future.
Aiming for Accessible Renewable Energy
ZE Energy’s model is designed to provide green, local, and reliable energy, supporting the shift to a sustainable power grid. With this funding, the company is well-positioned to make renewable energy accessible and affordable, contributing to Europe’s clean energy transition.
