Verso Energy announces the success of a fundraising of 50 million euros to accelerate its development in renewable electricity and green hydrogen.
Verso Energy, founded in early 2021 by Xavier Caïtucoli and Antoine Huard, finalized fundraising of more than 50 million euros at the end of December 2022 to accelerate the deployment of its projects in the production of renewable electricity as well as the production of green hydrogen.
This operation, notably underwritten by Eiffel Investment Group (via Eiffel Gaz Vert), AMS Capital (venture capital company, subsidiary of AMS INDUSTRIES managed by Jean-Paul Bize), Crescendix (investment company of Xavier Caïtucoli) and Antoine Huard, validates the unique and integrated positioning of the group which has the ambition to become the key player in this new phase of the energy transition.
The profound changes underway in the energy sector, under the combined effect of the climate emergency, technological revolutions and geopolitical crises, require the emergence of new, diversified, integrated players capable of offering innovative solutions for upstream to downstream, from producers to consumers. Positioning on a single link in the value chain or simply securing subsidized tariffs for renewable electricity is no longer enough to meet the requirements of decarbonization.
It is on this conviction that Verso Energy was created at the beginning of 2021 by Xavier CAITUCOLI and Antoine HUARD, two successful and experienced entrepreneurs in the sector.
The development strategy implemented is based on the construction of an innovative player whose objective is to implement new solutions for coupling between the production of renewable electricity and means of flexibility (batteries for short-term storage, electrolyzers for the production of hydrogen) in order to mitigate the negative effects of intermittency associated with the rise in power of renewable energies.
This new approach to energy transition, proactive and integrated, convinced Eiffel Investment Group and AMS Capital to join the Verso Energy adventure by supporting the company in the deployment of its ambitious growth plan.
This raising of more than 50 million euros will make it possible to accelerate the development and commissioning of a portfolio of projects which already includes more than 2 GW of photovoltaic solar power plant projects, hydrogen production units or stationary battery storage facilities.
Xavier Caïtucoli, co-founder and president of Verso Energy, said:
The energy transition is of course experiencing a considerable acceleration, but above all it is entering a new, radically different phase.
“Indeed, the actors will have to compensate for the intermittency of renewable energies, develop new energy vectors such as hydrogen and market energy other than via subsidized tariffs. Verso Energy is at the forefront of these new models with the development of major projects throughout France. We are very happy that leading investors like Eiffel and AMS CAPITAL are joining us to contribute to this great adventure.”
Fabrice Dumonteil, CEO and founder of Eiffel Investment Group, and MarcEtienne Mercadier, manager of the Eiffel Gaz Vert fund, said:
The expertise and networks of Eiffel’s teams in the field of energy and ecological transition, developed patiently over more than ten years, allow us to identify future champions, such as Verso Energy, and convince them to work with us to change dimension.
“We are therefore very happy to join forces with Xavier and Antoine, talented founders of Verso Energy, whom we have both known for a very long time. We are convinced that the support of Eiffel Gaz Vert, our innovative fund dedicated to renewable gas solutions, will enable Verso Energy to carry out very promising projects in the hydrogen sector”.
Jean-Paul BIZE, President of AMS Industries, said:
AMS Capital is an investor that supports industrial projects led by bold entrepreneurs.
“AMS Industries was a major shareholder of Direct Energie for more than 10 years alongside Xavier CAITUCOLI, before Total acquired the leading independent French electricity and gas player in 2018. I am convinced that the energy transition needs innovative projects and AMS Capital is very happy to support the Verso Energy project”
Verso Energy announces the success of a fundraising of 50 million euros to accelerate its development in renewable electricity and green hydrogen, January 16, 2022
