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: www.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.

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