Future Energy Ventures (FEV), a Berlin-based VC advisor for digital and asset-light energy technologies focused on accelerating the global energy transition, has announced the closing of Future Energy Ventures Fund II with a volume €205 million, along with a dedicated capital fund for Italy of €30 million.
The fund was initially supported by E.ON SE and the European Investment Fund (EIF) as anchor investors. It now also includes additional strategic and institutional investors such as KFW Capital, ABN AMRO, CLP, BGK, ISA Energia, Borusan, Zorlu Holding, Telos Impact, KELAG, MTR, and Sabanci Climate Ventures. The Italian fund is fully financed by CDP and invests alongside the main fund.
“The closing of this fund demonstrates that energy technology is increasingly being recognised as a significant market,” says Jan Lozek, CEO of Future Energy Ventures. “For founders, this means innovative solutions in storage, grid optimisation, and renewable energy have access to serious capital. For investors, it shows that financial returns and global relevance are compatible. For the market overall, it underlines that the energy transition is both inevitable and economically significant.“
In 2025, several European EnergyTech companies operating in adjacent areas to Future Energy Ventures (FEV)’s focus have secured fresh investment, illustrating a broader capital flow into digital and software-driven solutions for the energy transition.
Germany’s Terra One raised €150 million to expand its grid-scale battery-storage portfolio, while the Netherlands’ Sympower secured €42 million to scale BESS optimisation and flexibility services across Europe. Belgium-based LIFEPOWR added €5.65 million to advance its virtual-power-plant technology, and Spain’s Clevergy obtained €3.2 million to grow its smart-energy SaaS platform. Italy’s Renewcast raised €1 million to expand its AI-driven forecasting tools, and Dutch startup Twindo closed €1 million to scale its renewable-infrastructure operations platform. Meanwhile, Germany’s etalytics extended its Series A to €16 million to grow its AI-driven industrial-energy-optimisation technology.
Taken together, these 2025 announcements amount to roughly €219 million funnelled into software-centric EnergyTech solutions across Europe.
In terms of funds operating in adjacent domains: Paris-based Serena closed its fourth flagship vehicle at €200 million to invest in applied AI and energy-transition technologies. Armilar launched a new multi-market fund totalling €120 million targeting DeepTech and digital-transformation ventures across Southern Europe. Backed VC also closed its third fund at €86 million to support frontier technologies, some of which intersect with climate and energy-related innovation.
Against this backdrop, FEV’s closing of its Fund II positions it as one of the largest specialised vehicles operating in this sector. The fund’s emphasis on digital, asset-light technologies broadly aligns with the trends reflected in this year’s startup rounds, particularly in flexibility, storage optimisation, energy-efficiency software and AI-enabled grid services.
With multiple 2025 funding rounds coming from Germany and Italy – two core geographies for FEV’s investor base and new Italy-dedicated vehicle – the fund enters a market where demand for capital in software-driven clean-energy systems is demonstrably strong.
Marjut Falkstedt, EIF Chief Executive, adds: “Better managing our energy needs is one of the most important challenges of our time. That’s why we are excited about our participation in the newly established fund. This investment aligns perfectly with the EIF’s strategic objectives and our commitment to driving the energy transition and supporting decarbonisation efforts across Europe.“
Founded in 2016 by European energy companies, RWE and E.ON, Future Energy Ventures invests in digital and asset-light infrastructure solutions to accelerate the transition to renewable energy.
Acting as both advisor and operator, FEV operates at the interface of traditional energy and an electrified society, pursuing clear decarbonisation goals.
FEV is led by Jan Lozek, Veronique Hördemann, Ohad Mamann, Patrick Elftmann, Moritz Jungmann, and Jan Palasinski. The funds invest in Series A and B energy startups with AI-driven, software-based solutions that optimize grid efficiency, enable demand flexibility, and integrate cutting-edge technologies into energy systems.
The portfolio includes companies such as Chloris, Enspired, Feld Energy, Jua, Piclo, Reev and Station A, which are advancing changes in flexibility management, e-mobility, building and industry electrification and AI applications.
“Europe has the innovation power, talent, and industrial capacity to take a leading role in the global energy transition,” says Veronique Hördemann, Managing Partner and CFO of Future Energy Ventures. “The key now is that political frameworks facilitate investment and scaling, so Europe can fully realise its potential in energy technology. The energy transition offers the opportunity to drive economic growth, strengthen energy sovereignty, secure jobs, and enhance competitiveness.“
With this milestone, FEV positions itself as the largest European advisor for energy-technology-focused VC investments.
In a period when environmental policies are being questioned and geopolitical tensions underscore the importance of energy sovereignty, FEV believes this closing drives a fundamental shift toward energy security, economic prosperity, and sustainability.
The transition from volatile fossil fuel dependency to locally controlled renewable systems is today both an economic necessity and a strategic imperative.
FEV is therefore positioning itself to identify and scale the technologies that will define the energy systems of the future.
EU-Startups has previously reported on FFEV, including its launch of a €110 million fund in 2024 and commentary from its leadership in analysis on Germany’s energy and tech policy in 2025, providing contextual continuity ahead of the latest fund closing.
Read the orginal article: https://www.eu-startups.com/2025/11/future-energy-ventures-closes-e205-million-fund-ii-strengthening-its-role-in-european-energytech-vc/
