Corre Energy B.V.
Business: Energy storage
Investment date: June 2021
Fund: IEEF II
Board representatives: no. 1 board observer, no. 1 director to be appointed following debt conversion
Corre Energy is active in Northern Europe in the energy storage sector through air compression and hydrogen-to-power systems powered by energy from renewable sources. The company aims to become a European leader in its market segment.
IEEF II has invested € 3 million so far. IEEF II may invest up to a maximum of € 15 million by subscribing to a convertible debt instrument in several tranches. An additional € 5 million may be invested at the discretion of the Fund.