The State of Energy Tech Financing in Europe 2025

Deep dive in to what is needed in terms of startups and venture capital for a sustainable and resilient energy system. Presented at Energy Tech Summit.

Key findings

• European energy tech startups raised $9B in VC funding in 2024, a 39% drop from 2023 and the sector's first annual decline in a decade.
• Non-equity financing for VC-backed European energy tech companies reached a record $18B in 2024, while total private funding fell 15% to $27B.
• AI x climate tech startups in Europe raised a record $836M in 2024, up from $706M in 2023.
• European electric mobility VC funding fell 73% in 2024 to $2.2B, back to its pre-pandemic level.
• Green molecules startups in Europe raised a record $1.3B in 2024, above the previous peak of $964.7M in 2022.