This partnership aims to contribute to the European Union’s ambition to supply at least 40% of demand for clean technology domestically through the Net Zero Industry Act. With its strong ties in the automotive and metals sectors, Boryszew Group S.A. will further strengthen InnoEnergy’s access to sectors which are key to Europe’s clean reindustrialisation. Equally, InnoEnergy will help facilitate a new pathway for Boryszew’s own green evolution, building on Boryszew’s recent investment in Repono, a pan-European company launched by EIT InnoEnergy, which owns and operates large energy storage systems.

“As one of the industrial leaders in Poland we are aiming to decarbonise our production. Therefore, we have adopted our Sustainability Horizon 2030 Strategy. The investment in InnoEnergy is part of this green strategy. InnoEnergy initiates and builds the largest low-emission industrial projects in Europe, which are important players in the new wave of European industry, providing zero-emission products to the European market. With low-emission technologies being a key element of our group’s transformation, we aim to leverage synergies between our industrial group and the investments led by InnoEnergy in the areas of energy technologies, circular economy, and automotive. This aligns with our growth strategy and will contribute to the value of Boryszew Group S.A.”

“The European industry is at a pivotal moment. Traditional business needs to transform to climate-neutrality, and at the same time, new sustainable business models must demonstrate their ability to scale rapidly. The addition of Boryszew Group S.A. to our cap table reinforces our belief that Europe’s reindustrialisation requires the combined efforts of both established industry players and emerging green leaders.”

Proceeds from EIT InnoEnergy’s private placement round will be used for capturing new deal flow, supporting its current 200+ portfolio companies in their growth, and accelerating the successful launch of new industrial champions.

Boryszew Group joins InnoEnergy’s 38 existing shareholders representing the industrial, financial, education and training, and digital sectors. These include: ACB Participations B.V, 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, OMV, OMV Petrom, 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.