E.ON, one of Europe’s largest energy utilities announced the launch of a new independent climate tech fund by its venture capital team, Future Energy Ventures, investing in businesses that aim to transform the traditional energy value chain towards net zero.

E.ON has committed to be an anchor investor for the fund, though the fund will now operate outside of the company.

Thomas Birr, Chief Strategy and Innovation Officer at E.ON, said:

“We need innovative technologies to transform the traditional energy value chain and build a net-zero economy. In the last years, our venturing team proved to be the ideal partner to bring those technologies to E.ON. As an anchor investor of the new Future Energy Ventures Fund, we will continue the successful collaboration.”

The fund will focus on Series A and B investments in digital and scalable models across the key themes of future energy, future cities, and future technologies, and targeting investment hubs in Europe, North America and Israel.

Jan Lozek, Founder and Managing Partner of Future Energy Ventures, said:

“We are engaged in advanced discussions with a number of well-known strategic investors as well as institutional investors and family offices. With an expanded base of like-minded investors, we look forward to teaming up with exceptional entrepreneurs to further decarbonize energy and help build an energy system for future generations.”