Koolen Industries invests in sustainable energy backer EIT InnoEnergy

Signing the investment pre-agreement. Source: Koolen Industries

February 3 (Renewables Now) - Dutch clean energy investor Koolen Industries unveiled last week it has become a shareholder in European sustainable energy accelerator EIT InnoEnergy.

The two parties will benefit from shared sectoral expertise and broad industry contacts while working to speed up the commercialisation of clean energy start-ups. According to Jacob Ruiter, CEO of EIT InnoEnergy Benelux, together the two can achieve synergies.

“The investment will help us jointly deepen our engagements with sustainability companies, at a time when the climate crisis continues to intensify,” he added.

Koolen Industries was established early last year by entrepreneur Kees Koolen and since then has invested in several projects, including lithium battery company Super B. EIT InnoEnergy, on the other hand, has backed over 30 start-ups since it was founded in 2010. In some cases, the two even overlap when it comes to their investment targets, as is evident from their current shareholding positions in Hardt Hyperloop and Elestor.

Last month, EIT InnoEnergy announced it will invest EUR 5.8 million (USD 6.4m) in a battery recycling plant to be built by battery maker Northvolt in Sweden.

(EUR 1.0 = USD 1.107)

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