Paris-based ZE Energy, an independent renewable energy producer specializing in Battery Energy Storage Systems (BESS), has secured €54 million in a funding round led by Amundi Transition Énergétique. This investment brings in new stakeholders, including Amundi's Core+ infrastructure funds and Demeter's Climate Infrastructure Fund, while existing shareholder Sorégies also participated alongside Marguerite, HTGF, and ZE WAY INVEST.
Matthieu Poisson, CEO of Amundi Transition Énergétique, highlighted the importance of the partnership in supporting sustainable energy infrastructure: “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 decarbonization of the electricity system.” Poisson added, “We are delighted to partner with the founders, existing shareholders, and management team of ZE Energy, a team that has proven its potential through its achievements since inception.”
Founded in 2019, ZE Energy has rapidly established itself as a leader in renewable energy, focusing on hybrid solar power plants that integrate photovoltaic systems with energy storage solutions across continental Europe. The company manages all aspects of its projects—from development and financing to construction and operation—and sells green energy directly to consumers or through tenders.
Mathieu Lassagne, founder of ZE Energy, emphasized the competitive edge of their model: “In a context of increasing volatility in solar energy prices, the model proposed by ZE Energy stands out as a high-performance solution, supporting a controlled energy transition.” He noted that solar energy prices have increasingly become negative due to overproduction, and energy storage can effectively mitigate price volatility for both producers and consumers.
ZE Energy plans to use the raised capital to expand its portfolio across Europe, targeting 900 MW of solar power and 600 MWh of storage by 2026. Currently, the company manages over 1 GW of solar capacity and 400 MW of battery storage.
Philippe Detours, Managing Partner at Demeter, noted, “With its hybrid assets, the company is introducing an energy efficiency approach that aligns perfectly with the vision and investment thesis of the Climate Infrastructure Fund. This fundraising will support ZE Energy's growth in France and internationally.”
Frédéric Bouvier, Chairman of Sorégies, reaffirmed the value of their collaboration: “Flexibility is a major challenge for the energy transition. For this reason, we are continuing our collaboration, capitalizing on the complementarity of our approaches and the success of our joint achievements. Our partnership leads to the development of efficient solutions that offer our customers green, local, controllable electricity at a stable price.”
