ZE Energy, a Paris-based renewable energy firm specialising in Battery Energy Storage Systems (BESS), has raised €54 million, led by Amundi Transition Énergétique.
This investment round adds new stakeholders, including Amundi’s Core+ infrastructure funds and Demeter’s Climate Infrastructure Fund, with continued support from Sorégies, Marguerite, HTGF, and ZE WAY INVEST.
Amundi Transition Énergétique CEO Matthieu Poisson expressed optimism about the partnership’s role in sustainable energy.
“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 decarbonisation of the electricity system,” he said.
Founded in 2019, ZE Energy focuses on hybrid solar power plants that integrate photovoltaic systems and energy storage, primarily in Europe.
The company manages development, financing, construction, and operation, offering green energy to consumers and tenders, addressing energy price volatility.
ZE Energy founder Mathieu Lassagne highlighted the company’s model as “a high-performance solution, supporting a controlled energy transition,” adding that storage is crucial as solar prices become volatile.
“Our model, which combines solar production with energy storage, is also meeting growing interest,” he said, noting the value of storage as solar prices occasionally dip negative due to overproduction.
The fresh capital will support ZE Energy’s European expansion, aiming for a project portfolio of 900 MW in solar and 600 MWh in storage by 2026. Demeter Managing Partner Philippe Detours affirmed that ZE Energy’s hybrid assets align with the Climate Infrastructure Fund’s vision.
ZE Energy’s latest funding round reflects rising investor interest in solutions that stabilise renewable energy production and promote sustainable energy systems across Europe.
