Energy – OMV Petrom, OMV and ACB Participaties B,V, become a shareholder of EIT InnoEnergy – Brief

OMV Petrom, OMV and ACB Participaties B,V, become a shareholder of EIT InnoEnergy, by  Nine O’Clock.

OMV Petrom and the parent company OMV entered the InnoEnergy shareholding, joining giants such as ING, Renault, VW, Schneider or SocGen, by

“We are delighted to welcome three new investors joining us as shareholders: OMV, based in Austria, which strives to become an integrated chemicals, fuels and sustainable energy company; OMV Petrom, Romanian integrated energy company; and ACB Participaties B.V., an investment company based in the Netherlands,” says a press release from EIT InnoEnergy.

Diego Pavia, CEO of InnoEnergy, said in the statement: “The inclusion of these three shareholders is further evidence of confidence in InnoEnergy’s ability to accelerate the sustainable energy transition and achieve Europe’s reindustrialization goals. Industrial investors are finding new ways to accelerate and contribute to the energy transition. OMV and OMV Petrom’s commitment to net zero is a compass for many of their peers. InnoEnergy strongly believes that the speed of the energy transition will be faster if our partner companies accelerate their transformation. It requires a concerted effort from all sectors, and we are here to support such transitions.”

The new investors join 35 existing shareholders representing the industrial, financial, vocational and digital sectors. These are AGH, Augur SCMT, Capgemini, CEA, EDF, ENGIE, Esade, Grenoble INP-UGA, Groupe Idec, ING, Karlsruhe Institute of Technology, Koolen Industries, KTH, KU Leuven, Naturgy, NIIT, Politechnika Śląska, Pulse – CMA CGM Energy Fund, Rafako Grupa PBG, Renault Group, Santander CIB, Schneider Electric, Siemens Financial Services, SIPLEC E. Leclerc, Société Générale, Stena Recycling, Técnico Lisboa, TOTAL, TU/e, Universitat Politecnica de Catalunya, Universität Stuttgart, Uppsala Universitet, VITO, Volkswagen Group and Wroclaw University of Science and Technology.

Supported by the EU’s European Institute of Innovation and Technology (EIT), EIT InnoEnergy helps finance start-ups and companies active in the energy transition, in projects targeting energy storage, mobility, renewables and sustainable buildings and cities. It already has more than 1,200 partners, and the 180 companies in its portfolio should generate revenues of 72.8 billion euros by 2030, in parallel with a reduction in CO2 emissions of 1.1 gigatons per year, until then.

Importantly in this context, the European Institute of Innovation and Technology and EIT InnoEnergy coordinate the European Battery Alliance, a continental project launched in 2017 to create a complete, globally competitive and sustainable battery value chain in the EU.

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