Enosis raises €3 million to increase local production of renewable gas

Enosis designs equipment that recycles CO2, avoids its emissions, and helps convert non-reusable waste into renewable or low-carbon gas, a substitute for fossil natural gas. The company is raising €3 million in equity capital from Industrya, UI Investissement and the Banque des Territoires, on behalf of the French government as part of the France 2030 Territories d'innovation program, and as part of the Vilagil project, the winner of this program. This capital increase will enable Enosis to accelerate the industrialization and deployment of its solutions, which are primarily intended for industrial companies specialized in waste treatment.

After responding to initial calls for tenders, Enosis, winner in 2020 of the i-Nov competition (a government-funded scheme), is increasing its equity by €3 million by bringing in three new investors to its capital, alongside its historical shareholders, including KIC InnoEnergy SE: Industrya, an industry-oriented fund; Banque des Territoires, on behalf of the State as part of the France 2030 Territoires d’innovation program; UI Investissement, a venture capital operator, intervening via the Pertinence Invest 2 fund, dedicated to "Deeptech" start-ups.

Based on the principle of methanation, the equipment designed by Enosis boosts the production of renewable gas, which can be injected into existing gas networks. Coupled with electrolysis, according to the "Power-to-Gas" architecture, the solutions developed by Enosis also constitute a bridge between the electricity grid and the gas grid, making it possible to store surplus renewable electricity, with applications notably in the low-carbon mobility sector. The solutions are based on biological methanation, an innovative technology developed by Enosis with academic partners and the financial support of Bpifrance and the Occitanie Region.  

At the crossroads of the "energy" and "waste treatment" sectors, Enosis is involved in the construction of the infrastructure needed to green the energy mix, in a circular economy approach, responding to the challenges of autonomy and energy security of territories. In particular, Enosis' solutions contribute to the objectives of cities and rural areas, but also agricultural and industrial sites, in terms of avoiding CO2 emissions and producing renewable or low-carbon gas.

Enosis solutions fit in perfectly with the territorial logic, in particular the Vilagil program, led by Toulouse Métropole in partnership with the Sicoval and the PETR (Pôle d'Equilibre Territorial et Rural) Pays Portes de Gascogne, which is a winner of the Territoires d'innovation de France 2030 program operated by the Banque des Territoires. Vilagil has the ambition to decarbonize the urban area and boost the local economy. 

Gabriel Giabicani, Director of Innovation and Operations at Banque des Territoires' Investment Department, explains that "this acquisition of a stake in Enosis fully contributes to the objectives of the Territoires d'Innovation of France 2030 program operated by Banque des Territoires on behalf of the French government, which aims to provide solutions to emerging societal demands such as the transition to the production of cleaner and local energy. This financing will also support the development of a French champion, a pioneer in organic methanation.

Vincent Guerre, president, Enosis, says: "This fundraising validates the relevance of Enosis' positioning to accelerate the ecological transition within the gas industry, with a solution that has a strong environmental and economic impact. We are delighted to welcome three new shareholders - Industrya, Banque des Territoires and UI Investissement - who are committing themselves to us and joining our historical shareholders, including KIC InnoEnergy SE. Industrya, Banque des Territoires and UI Investissement bring to Enosis their complementary expertise and their networks. This fundraising allows us to approach the acceleration phase of the industrialization of our offer and our deployment with determination.”

Alexandre Braconnier, chief investment officer at Industrya, underlines : "We were convinced by the vision and competence of Enosis' founders. The solution that the company has developed is very innovative and meets a need to improve energy efficiency and the circularity of the economy. We are delighted with this round of financing, and look forward to supporting Enosis in its international growth."

‍

Nicolas Penet, Investment Director, UI Investissement, adds : "Enosis provides a robust and innovative technological and industrial solution for the production of biomethane. It accelerates and simplifies the production of green gas that can be injected into the network, and thus adds value to this local and renewable energy that is essential to the energy mix. In addition, Enosis remains at the forefront of science in the field of biomethanation thanks to the privileged links forged with two schools of the INSA group (Toulouse and Lyon), early partners of the Pertinence Invest 2 fund.”

‍

About Enosis

Press contact : Vincent Guerré – +33 661 202 527 – vincent.guerre@enosis-energies.com

‍

About France 2030

• Has a twofold ambition : to transform key sectors of our economy (health, energy, automotive, aeronautics and space) through technological innovation in the long term, and to position France not just as a player, but as a leader in the world of tomorrow. From basic research, to the emergence of an idea, to the production of a new product or service, France 2030 supports the entire life cycle of innovation up to its industrialization. 
• Is unprecedented in its scope : €54 billion will be invested so that our companies, universities and research organizations can successfully make the transition in these strategic sectors. The challenge is to enable them to respond competitively to the ecological and attractiveness challenges of the coming world, and to create the future leaders of our fields of excellence. France 2030 is defined by two cross-cutting objectives: to devote 50% of its spending to decarbonizing the economy, and 50% to emerging, innovative players, without spending that is unfavorable to the environment (in the sense of the Do No Significant Harm principle).
• Will be collectively implemented : designed and deployed in consultation with economic, academic, local and European players to determine the strategic directions and key actions. Project leaders are invited to submit their applications via open, demanding and selective procedures in order to benefit from the State's support.
• Is managed by the General Secretariat for Investment on behalf of the Prime Minister, and implemented by the Agency for Ecological Transition (ADEME), the National Research Agency (ANR), Bpifrance and the Banque des Territoires.

More information on : france2030.gouv.fr | @SGPI_avenir

Press contact : +33 1 42 75 64 58 - presse.sgpi@pm.gouv.fr 

About Territoires d’Innovation

« Territoires d’innovation » is an action of the France 2030 Program. The purpose of this action is to create the territories of the future and new models of territorial development in France. Innovative, scalable and exemplary, these new models will promote the emergence of ecosystems that will foster sustainable economic development and improve living conditions for the population, while enabling local economic players to thrive. 

The program supports innovation projects that bring together decision-makers and citizens and that embody an ambitious strategy for transforming territories. The program aims to experiment with new development models that can inspire other territories in France.

« Territoires d'innovation » has a budget of €450 million, with €150 million in grants and €300 million in equity investments.

About Banque des Territoires 

Created in 2018, Banque des Territoires is one of the five business lines of Caisse des Dépôts. It brings together in a single structure the internal expertise for the territories. As a single point of entry for its customers, it offers tailor-made advisory and financing solutions for loans and investments to meet the needs of local authorities, social housing bodies, local public companies and the legal professions. It targets all regions, from rural areas to metropolitan areas, with the aim of reducing social inequalities and territorial divides. Banque des Territoires is deployed in the 16 regional divisions and 37 territorial offices of Caisse des Dépôts in order to be better identified with its clients and to be as close as possible to them.

For more attractive, inclusive, sustainable and connected territories. 

www.banquedesterritoires.fr    @BanqueDesTerr 

Press contact : Marie-Caroline Cardi - +33 6 38 53 97 67 - marie-caroline.cardi@caissedesdepots.fr  

About Industrya

Industrya is a €42 million investment fund that invests in start-ups serving industrial transformation. The fund offers incubation and acceleration programs and invests in innovative companies that want to shape the industry and the world of tomorrow. The investment sectors are energy transition, new materials and Industry 4.0. Industrya is an initiative of John Cockerill, in collaboration with SFPI, SRIW & W.IN.G, Noshaq and LRM. 

More  information on : www.industrya.com

Press contact : Alexandre Braconnier - +32 475 300 926 – alexandre.braconnier@industrya.com

‍