DECARBONISING DATA CENTERS:
Innovation & Energy Efficiency
12 concrete solutions from our portfolio
April 2025
The future of data centers: Innovation at the core
The rapid expansion of digital infrastructure is reshaping our world. AI, cloud computing, and digital transformation have fueled an unprecedented demand for data centers. But the biggest challenge is no longer connectivity it’s energy. If we fail to address this, the data center industry risks becoming one of the largest energy consumers globally, straining grids and derailing decarbonisation efforts. Instead, we must turn this challenge into an opportunity: data centers can and must become a driving force in the energy transition.
Historically, companies built data centers based on access to fiber-optic networks. Today, the priority has shifted energy availability now dictates where data centers can be located. The rapid growth of AI and digital services has only accelerated this trend, making energy access the key bottleneck for future expansion. This is not a short-term issue; even before the emergence of generative AI, digital demand was already growing exponentially. Now, we are at a tipping point where urgent action is needed.
The solution lies in rethinking how data centers source and manage energy. The future data center must operate off-grid, relying on a mix of renewable generation, energy storage, and advanced grid solutions. Technologies such as microgrids, long-duration storage, and dynamic grid optimisation are essential to ensuring 24/7 energy resilience without overwhelming existing infrastructure. Startups are already leading the way—companies like CorPower and Seaqurrent are pioneering next-generation renewables, while Heatventors and Skeleton Technologies are innovating in energy storage and peak load management
But technology alone is not enough. The investment community must recognise that digital infrastructure is now a critical part of the clean energy transition. Just as the European Battery Alliance mapped out the battery value chain, we must do the same for data centers, identifying gaps and strategically investing in solutions that ensure long-term sustainability. Companies like Microsoft, Google, and Meta cannot afford to rely on fossil fuels to power their AI ambitions it is both an environmental and reputational risk.
The time to act is now. If we seize this moment, data centers will not be a strain on our energy system but a catalyst for the green transition. The digital economy is here to stay let’s ensure it is powered sustainably.
Energy management software > Thermal management
> Batteries & Storage > Clean energy generation
About InnoEnergy
Transitioning Global Energy. Transforming Every Industry.
InnoEnergy is industrialising clean tech innovation to enable and grow a global net zero economy. Active in Europe and the US, the company invests in early-stage start-ups and the current and future workforce, building resilient clean tech value chains that drive sustainable economic growth. Through its ecosystem –with 1,400 partners and 39 shareholders spanning industry, finance, public policy, and academia – the company scales the energy transition at speed.
Today, InnoEnergy supports 160+ clean tech start-ups and scale-ups, 4 of which are industrial unicorns. These companies have raised more than €34 billion to date, created 40,000 jobs, and are on track to generate €110 billion in revenue and reduce 2.1 gigatons of CO2 by 2030.
In support of the EU’s climate and industrial goals, InnoEn and accelerates uptake of green hydrogen. Pinpointing ma champions, in sectors including batteries, steel or fertilise
InnoEnergy was established in 2010 by the European Insti the European Union, as one of its first Knowledge and Inno InnoEnergy entered into a new partnership, where they will continue collaborating on specific projects.
Ecosystem
Our shareholders’offers for data centers decarbonisation
Construction
IDEC Group is a real estate group that develops, promotes, invests in and designs and builds business build ngs : logistics buildings, industrial s tes and data centres. The IDEC Group has land in France and abroad that is suitable for data centres and, designs and builds data centres with a focus on energy efficiency and rap d deployment. It provides turnkey solutions, integrating highperformance cooling, sustainable energy and modular infrastructure. IDEC helps companies bu ld scalable, resilient and environmentally friendly data centres.
ENGIE makes a commitment for ts customers, harnessing its expert se for the benef t of carbon neutral ty in Data Centers. ENGIE covers the entire value chain: programming, design, engineering and construction, operations and maintenance, innovative and renewable energy solutions (Green PPA, on site generation, etc.). ENGIE also offers financing solutions as part of integrated offers with performance commitments, covering all of these services.
EDF supports the data center industry with low-carbon electricity, leveraging nuclear, hydro, and renewables. Its solutions include energy efficiency consulting, demand response, and innovative cool ng systems such as immersion and free cooling. EDF helps operators achieve carbon neutrality while ensuring energy security and gr d resilience.
Schneider Electric is a global leader in data center infrastructure, offering energy-efficient, resilient, and sustainable solut ons. Its modular systems optimize power, cooling, and management. Schneider provides UPS, racks, LV/MV electr cal equipment, cooling equipment, monitoring & control software to enhance reliabil ty and reduce carbon footprint worldwide, with cutting-edge advanced services from maintenance to sustainability consultancy. With cloud and edge computing growth, it helps businesses build smarter, scalable, and eco-friendly data centers.
Capgemini offers cloud transformation, data center modernisation, and managed services. It helps enterprises migrate to hybrid and multi-cloud architectures, improve energy efficiency, and enhance cybersecurity. Leveraging AI and automation, Capgemini optimizes data center operations for scalability, sustainability, and business cont nu ty.
Siemens provides advanced automation, energy eff ciency, and cooling solutions for data centers. Its portfolio includes power distr bution, building management, and security systems, ensuring h gh reliability, sustainabil ty, and operational efficiency. With MindSphere and Totally Integrated Power, Siemens helps data centers optimize energy consumption and reduce downtime.
Our portfolio startups’solutions for data centers decarbonisation
> Batteries & Storage > Clean energy generation > Energy management software > Thermal management
Prime Batteries
> Batteries & St
Beeplanet factory
Raised 6.2M€ -
BeePlanet Factory specializes in the design and manufacturing of energy storage systems using batterie
Since 2018, BeePlanet has aimed to create a sustainable and profitable energy model that promotes the comprehensive management of second-life batteries. The company focuses on innovation and offers ad proprietary technology (BMS and EMS) and high-quality components manufactured in Europe. To date, t completed over 120 projects, deployed more than 50 MWh, and built a strong portfolio of clients and pa
Why it is relevant for data centers
We provide data centers with a sustainable, reliable, and flexible energy storage solution using second-life EV batteries.
Sustainability: By repurposing EV batteries, we extend their lifespan and reduce waste, lowering the environmental impact of battery production while promoting the circular economy.
Reliability: Our systems seamlessly integrate with backup power solutions, leveraging proprietary BMS/EMS technology and 24/7 monitoring to ensure optimal performance, extended battery life, and uninterrupted energy supply.
Flexibility: Thanks to a modular design, our solutions scale to meet the specific needs of each datacenter—whether for backup power, peak shaving, or load balancing—helping to optimize energy use and reduce costs.
Value propo
Uninterrupted op Our storage syste and grid support, for critical infrast Additionally, Bee systems offer a s batteries, perfec carbon neutrality
| Created in 2019
Tokwise
> Energy management software
Raised 4M€ - Series A
TokWise is an AI-powered portfolio management and trading platform for energy market players. It automates 24/7 renewable energy trading, optimizes market participation, and enhances portfolio balancing through real-time data analysis and AI-driven decisionmaking. By reducing operational costs, unlocking new revenue streams, and enabling seamless integration of mixed technology into a single portfolio (wind, solar, battery storage), TokWise empowers Independent Power Producers, C&I, suppliers and new players to navigate energy markets efficiently and accelerate the transition to renewable energy.
Why it is relevant for
data centers
Data centers are increasingly adopting 24/7 green PPAs to meet their sustainability goals and ensure a constant supply of renewable energy. These involves sourcing green power that is synchronize to their demand, requiring sophisticated trading and risk management capabilities.
TokWise offers an AI-powered portfolio management and trading platform that aligns with the needs of data centers pursuing 24/7 green PPAs. By leveraging advanced automation, real-time data analysis and AI-driven decision making, TokWise enables data centers to optimize their energy procurement, balance supply and demand, and manage risks effectively.
This approach not only supports data centers in achieving their decarbonisation targets but also facilitates the integration of renewable energy sources, contributing to a more sustainable energy landscape.
Value proposition for data centers
24/7 green energy optimization: synchronizes green energy production with consumption by centralizing portfolio management, integrating mixed technology into a single portfolio, and optimizing multi-market trading.
Active market participation: automates trading, minimizes imbalance costs, and eliminates the need for 24/7 trading teams.
Independence: enables data centers to become their own balancing group, integrate PPAs & battery storage, and monetize flexibility.
Scalable: supports expanding energy needs, direct power exchange access, and monetization of flexibility for enhanced profitability.
Bamboo Energy
> Energy management software
Raised 3.2M€ - Seed
Bamboo Energy offers a software platform to manage and monetize energy flexibility. Our platform is fully based on artificial inteligence and optimization algorithms and allow to manage end-to-end the energy flexibility of big consumers. We commercialize our technology to energy companies or asset managers willing to monetize the energy flexibility of a portfolio of large electrical consumers.
Why it is relevant for data centers
Data centers are large energy consumers which require to optimize its energy bill and carbon footprint.
Bamboo Energy IA-based software platform allows Data centers to valorize their energy flexibility by dynamically forecast, manage and operate in real time their energy consumption according to the electricity energy prices reducing their energy costs. In addition, Bamboo Energy platform allows the Data centers to participate in the electricity ancillary markets, which enables an additional revenue stream. Globally, Bamboo Energy platform optimizes energy costs while reducing carbon footprint by smartly manage energy flexibility of Data centers.
Value proposition for data centers
By using Bamboo Energy platform large energy consumers like data centers can reduce their energy bill by means of energy savings and additional incomes due to participation into electricity markets.
Customer success & references Not yet. We have developed several case studies for datacenters by using demand response and energy flexibility management.
Flexidao
> Energy management software
Raised 9M€ - Series A
We automate clean energy data collection and quality assurance to monitor and forecast volumetric and financial performance of contracts to identify, plan and execute procurement actions and streamline auditing and reporting of environmental claims.
Why it is relevant for data centers
Data centers high energy consumption footprint is contributing significant carbon emissions. We help data centers track their RE electricity use and associated emissions, providing valuable insights to optimize energy efficiency and reduce their environmental impact. With increasing scrutiny on environmental performance, data centers face pressure from stakeholders (investors, customers, regulators) to demonstrate their commitment to sustainability.
Value proposition for data centers
Our platform enables data centers to credibly report their carbon emissions and progress towards renewable energy targets, enhancing their reputation and attracting environmentally conscious customers.
In addition, as sustainability becomes a key differentiator, data centers that can demonstrate their commitment to clean energy gain a competitive edge.
Customer success & references We work with Google, Amazon, Meta, Microsoft and other co-location DC providers. reference: Flexidao is Google’s global contractor for electricity & emissions portfolio management, streamlining data collection and quality assurance. One unified platform for all of their energy contracts, meter data, and certificates.
Portugal | Created in 2020
Enline
> Energy management software
Raising 15M€ - Series A
Enline’s software leverages digital twin technology and AI to optimize data center operations without costly sensor deployments. By creating virtual replicas of power and cooling systems, the platform enables real-time monitoring, predictive analytics, and dynamic adjustments. This approach directly addresses the core challenges faced by data centers: reducing operational costs, maximizing uptime, and advancing sustainability goals through intelligent, integrated solutions.
Why it is relevant for data centers
Data centers operate under immense pressure to balance rising energy costs, stringent reliability demands, and environmental comm tments. Enline’s integrated platform tackles these challenges through a unified approach. The system dynam cally optimizes HVAC operations by aligning cooling demand with lowtariff energy periods, using real-time pricing data and weather forecasts to minimize costs. Simultaneously, predictive maintenance capabilities analyze historical performance and live sensor data to identify potent al HVAC failures before they d srupt operations, ensuring uninterrupted upt me and protecting critical IT infrastructure from overheating risks. Beyond cost and reliability gains, the platform drives sustainability by reducing energy waste through precise load balancing and extend ng the lifespan of HVAC assets via cond tion-based maintenance. Thus, the system ensures energy savings, operational stability, and environmental objectives.
Value proposition for data centers
Enline’s solution delivers measurable outcomes tailored to data center priorities. The platform reduces energy costs by up to 10% through tariff-aware HVAC scheduling and AI-driven demand forecasting, which prevents overprovisioning of cooling resources. It also cuts unplanned downtime by 10% by proactively identifying HVAC issues before they escalate into failures, safeguarding uptime. Additionally, the system extends the operational lifespan of HVAC assets by 15–20% through predictive maintenance, reducing capital expenditures and supporting long-term sustainability. These results are achieved through a seamless integration of digital twin modeling, AI analytics, and predictive algorithms, all functioning as a single system that adapts to existing workflows without disruption.
Customer success & references
We recently initiated a project with a data center to optimize its HVAC system. Our solution has already begun proactively detecting potential equipment failures, minimizing maintenance needs, and preventing unplanned downtime. By intelligently managing cooling operations, we are maintaining safe temperature ranges while reducing energy costs. Additionally, the system now prioritizes HVAC energy consumption during periods of lower tariffs, aligning operations with costefficient time windows. This ongoing collaboration ensures reliable performance, lowers expenses, and enhances energy efficiency for the data center as the project progresses.
Created in 2017
Heatventors
> Cooling
Series A ongoing fundraising process
We produce thermal batteries (that can store cooling and heating energy from -30 to +120 Celsius) with phase change materials and control system. We provide solutions like energy saving, operational safety with thermal batteries and the control system in cooling and heating systems. We provide turnkey solution including installation or sell batteries and support the installation.
Why it is relevant for data centers
Data centers require cooling system.
Energy consumption of the cooling systems should be reduced in line with regulations and financial consideration. Thermal Batteries can be installed in the cooling system and can provide different benefits like energy saving.
Data centers are producing waste heat. Our solution is storage that can support recovery of the waste heat. (energy can be used in different time and place).
Value proposition for data centers
Increasing energy efficiency of the cooling system (resulted in energy saving 20-50%)
waste heat recovery of servers (store thermal energy and use it later in other system like office heating) operatinal safety - providing cooling energy if chiller is out of service optimazing operation of the cooling system - e.g. peak shaving, extending free cooling period.
Customer success & references
More than 60 intelligent thermal batteries have been installed across Spain, Portugal, France, Italy, Oman, and Hungary.
Our batteries are used in hotels such as the Intercontinental Hotel in Oman, as well as Hotel Sopron and the Palace Hotel in Hungary. In addition to numerous office buildings, our batteries are deployed in data centers of companies from the financial and pharmaceutical sectors, as well as similar high-demand facilities like the ELI Laser Research and Development Institute and telecommunication base stations operated by MVMNet. We also serve innovative customers such as KUKA, along with energy sector companies like the E.ON Group.
> Cooling
Alpinov X
Raised 11M€
ALPINOV X is a start-up that has been developing a chiller using water [R718] as a refrigerant since 2 thermodynamic qualities, which address environmental and energy issues. The chiller operates in a v condensation closed cycle. Our chiller produces 1 MW of cooling power.
Why it is relevant for data centers
The ALPINOV X breakthrough technology offers an innovative high power cooling solution using water as the refrigerant, reducing the energy consumption and carbon footprint of data centers. The system improves infrastructure performance and reliability, while reducing operating costs. Thanks to this technology, data centers become more efficient, sustainable and resilient.
From 10 to 30
100 % HFO / H
Not subject to Elimination of Significant red Compressor M No recurrent w
Customer success & references We have designed, built and operated 3 generatio demonstrators. Our latest GEN3 R version produc
At the end of 2025, the first 2 MW ALPINOV X chi district cooling network on behalf of ENGIE.
Germany l Created in 2017 Ecop
Development, manufacturing and selling of ultra-high temperature heat pumps.
> Cooling
Raising 15M€ - Series A
Why it is relevant for data centers
The intensive patented technology of the rotation heat pump is very well suited not only for heating but also for cooling. In a date center, it could serve both heating and cooling.
No further chiller required. Due to very high temperature lift (up to 100K), the rotation heat pump can cool the data center on the cold side with spreads between 5-35K and lift the temperature to > 100°C on the hot side, for example into a district heating grid or to provide process heat for industry with > 100°C at a very attractive combined COP COM.
The rotation heat pump uses chemical inert noble gas mixture as refrigerant (no toxic, GWP=0, not flammable).
Value proposition for data centers
Capacity to cool down the cooling circuit of the data center by 5-35k an lift the temperature of the sink by up to 100K. No additional chiller or heat pump required. Non toxic, non flammable working medium with GWP=0.
Netherland l Created in 2013
SeaQurrent
> Energy generation
Raising 15M€ - Series A
SeaQurrent is a Dutch company with a vision to develop and sell its ground-breaking TidalKite™ system, able to generate affordable, clean and renewable baseload electricity every day for millions of households and businesses in Europe and worldwide. The SeaQurrent TidalKite solution is based on an underwater kite, that consists of multiple wings and sweeps a much larger area than existing tidal (turbine) technologies. This unique '3D harnessing' approach delivers up to a three times higher energy yield, dramatica expanding the potential for tidal energy deployment.
Why it is relevant for data centers
AI-driven computing has surged electricity demand, making data centers major power consumers. To achieve 100% timematched renewable energy driven by policies and customer demand data centers must boost efficiency, rethink locations, and prioritize clean energy. TidalKite™ offers a breakthrough solution, delivering utility-scale renewable power from nearshore sites with favorable climates, often near data hubs. Ireland exemplifies this potential, with up to 8GW of TidalKites capable of generating 28TWh of renewable power annually— providing a sustainable, resilient, and cost-effective energy source for data centers.
Value proposition for data centers
100% time-matched renewable power – Unlike intermittent renewables, TidalKite provides predictable, baseload electricity to meet continuous data centre demand.
Utility-scale generation from new locations – Harnessing energy from nearshore tidal currents, TidalKite opens access to vast, untapped power resources.
Unmatched reliability & efficiency – By capturing up to three times more energy than traditional tidal turbines, TidalKite delivers higher yields with minimal footprint.
Enabling sustainable growth – Data centres can expand responsibly while securing a stable, cost-effective renewable energy supply. Overcoming grid constraints – TidalKite diversifies the energy mix, reducing pressure on onshore grids and improving overall system resilience.
Customer success & references
Partnership with Iron Mountain Data Centers.
Supporting the EU’s Blue Economy & Green Digital Future – Aligns wi European sustainability goals by unlocking clean, ocean-based energ Ideal for regions with high data centre density – Particularly beneficia for Ireland, the UK, the Netherlands and France.
Sweden l Created in 2011
Corpower
CorPower Ocean – the industry leader in wave energy –
Wave energy represents one of the largest untapped sou than all of today’s hydro or nuclear capacity. Wave energ electricity at a lower cost, helping the world to leave fos
Why it is relevant for data centers
The energy output profile from waves is predictable and con compared to other renewables enabling clean firm power. The consistent power profile of wave energy complements w and solar to form a firm clean power mix. This is a critical solution for net-zero and industrial decarbonization. Wave farms can be built close to shore wit direct wire to the datacenters, decreasing cost and time.
& references
Customer success
In 2024 greenh CorPow center. CorPow likely s