Corre Energy B.V.
Business: Large-scale, long-duration energy storage systems
Investment date: June 2021
Fund: IEEF II
Ownership: up to 24.4% (upon conversion)
Status: invested
Board member: 1
Website: corre.energy
Corre Energy develops, builds and operates grid-scale underground energy storage using hydrogen-fuelled Compressed Air Energy Storage with bulk green hydrogen storage and production across Northern Europe. The company’s development pipeline of 11 green hydrogen storage projects provides for a deep integration of renewable energy at a large scale. Corre Energy listed on the Euronext Dublin in September 2021.
IEEF II has committed to invest up to € 15 million in the company in several tranches, upon reaching specific milestones, through a convertible debt instrument.