ZE Energy, a Paris, France-based renewable energy producer, raised €4M in funding.
Backers included DEMETER, High-Tech Gründerfonds (HTGF), EverWatt and Ze Way Invest.
The company intends to use the funds to ramp up its development efforts in France.
Built upon the expertise of seasoned professionals and entrepreneurs from the energy sector including Louis Poulain, ex Alstom/GE, Hubert Gentou, ex Gazprom and Eramet, and Eric Roujolle, ex Nippon Koei, and led by CEO Mathieu Lassagne, ZE provides a hybrid solar plant solution featuring energy storage capabilities and photovoltaics. Equipped with a battery that stores the solar energy generated throughout the day, its power plants boast the advantages of solar power in terms of production costs, integration to the environment and power grid, as well as the generation of zero CO2 emissions.
Ze Energy’s growth strategy is focusing on three areas:
– Organic development, through the acquisition of property where the startup will build and run its hybrid solar power plants,
– development through acquisitions, targeting among other things those projects that require grid connection,
– strategic partnerships with a Storage–as-a-Service (SaaS) offering that includes the installation, funding and running of the storage solution.