InnoEnergy portfolio aims to reduce global CO2 emissions by 2.3 gigatons by 2030

A new report by InnoEnergy, an impact investor specializing in cleantech industrialization, shows that its portfolio of startups and scaleups is expected to save 2.3 Gt CO₂ equivalent emissions by 2030. This corresponds to a reduction of 534 million combustion vehicles per year and accounts for almost 80% of the EU-27's total greenhouse gas emissions in 2023.

Given the changing geopolitical situation, the report emphasizes the importance of maintaining and expanding cleantech innovations in Europe. This is the only way to achieve the 2050 net-zero targets and secure Europe's long-term strategic autonomy.

"Now is the moment for Europe to take the lead," says Elena Bou, Co-founder and Innovation Director, InnoEnergy. "We have regulatory certainty, strong political commitment, and a growing pool of proven cleantech solutions. These are well on their way to significantly reducing emissions, creating thousands of jobs, and strengthening Europe's industrial base. Now it's time to focus on industrializing these technologies and developing them into global players."

"Companies like ecop in Austria are pioneers in the field of clean technologies," says Christian Bauer, CEO of InnoEnergy DACH. "With advanced rotary heat pumps, ecop significantly increases the energy efficiency of data centers. For example, the company can generate around 1.3 MW of heat at 85°C using only 83 kW more electricity than conventional coolers, whose waste heat usually goes unused. Given Europe's commitment to reduce emissions by more than 50% by 2030, the opportunities for investing in and expanding clean technologies in the DACH region have never been better."

In addition to the positive environmental impacts, the report also highlights the strong economic results. By the end of 2024, the portfolio generated cumulative revenues of €943 million and attracted investments totaling €34 billion. Energy cost savings of €13.5 billion are expected by 2030. Further evidence of the portfolio's far-reaching impact is that by the end of 2024, over 47,000 jobs had been created and 2.9 million people in developing countries had gained access to energy.

"The energy transition is no longer a question of when, but how fast. With 15 years of proven impact and a strategic position at the heart of the European clean technology ecosystem, InnoEnergy plays a pivotal role in bringing together industry, government, and finance stakeholders to foster cleantech leaders," commented Bou.

"Our portfolio demonstrates that solutions that once came with a 'green premium' are now competitive, and often even superior, in terms of cost and performance. These are not only cleaner, but also smarter, faster, and more efficient ways to meet rising energy demand."

Since its inception, InnoEnergy has evaluated over 9,000 startups and supported more than 540 companies, including four that achieved "unicorn" status. The data demonstrates the high resilience and international demand for European cleantech solutions: 89% of companies are still active and 89% export their products worldwide.