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Verso Vitality Proclaims The Success of a Fundraising of fifty Million Euros to Speed up its Improvement in Renewable Electrical energy and Inexperienced Hydrogen

Verso Vitality broadcasts the success of a fundraising of fifty million euros to speed up its improvement in renewable electrical energy and inexperienced hydrogen.

Verso Vitality, based in early 2021 by Xavier Caïtucoli and Antoine Huard, finalized fundraising of greater than 50 million euros on the finish of December 2022 to speed up the deployment of its tasks within the manufacturing of renewable electrical energy in addition to the manufacturing of inexperienced hydrogen.

This operation, notably underwritten by Eiffel Funding Group (through Eiffel Gaz Vert), AMS Capital (enterprise capital firm, subsidiary of AMS INDUSTRIES managed by Jean-Paul Bize), Crescendix (funding firm of Xavier Caïtucoli) and Antoine Huard, validates the distinctive and built-in positioning of the group which has the ambition to change into the important thing participant on this new part of the vitality transition.

The profound adjustments underground within the vitality sector, beneath the mixed impact of the local weather emergency, technological revolutions and geopolitical crises, require the emergence of recent, diversified, built-in gamers able to providing modern options for upstream to downstream, from producers to shoppers. Positioning on a single hyperlink within the worth chain or just securing backed tariffs for renewable electrical energy is now not sufficient to satisfy the necessities of decarbonization.

It’s on this conviction that Verso Vitality was created at the start of 2021 by Xavier CAITUCOLI and Antoine HUARD, two profitable and skilled entrepreneurs within the sector.

The event technique applied is predicated on the development of an modern participant whose goal is to implement new options for coupling between the manufacturing of renewable electrical energy and technique of flexibility (batteries for short-term storage, electrolyzers for the manufacturing of hydrogen) in an effort to mitigate the detrimental results of intermittency related to the rise in energy of renewable energies.

This new method to vitality transition, proactive and built-in, satisfied Eiffel Funding Group and AMS Capital to affix the Verso Vitality journey by supporting the corporate within the deployment of its bold progress plan.

This elevating of greater than 50 million euros will make it doable to speed up the event and commissioning of a portfolio of tasks which already consists of greater than 2 GW of photovoltaic solar energy plant tasks, hydrogen manufacturing items or stationary battery storage services.

Xavier Caitucolico-founder and president of Verso Vitality, mentioned:

The vitality transition is in fact experiencing a substantial acceleration, however above all it’s coming into a brand new, radically completely different part.

Certainly, the actors must compensate for the intermittency of renewable energies, develop new vitality vectors equivalent to hydrogen and market vitality apart from through backed tariffs. Verso Vitality is on the forefront of those new fashions with the event of main tasks all through France. We’re very completely happy that main buyers like Eiffel and AMS CAPITAL are becoming a member of us to contribute to this nice journey.”

fabrice dumonteilCEO and founding father of the Eiffel Funding Group, and MarcEtienne Mercadier, supervisor of the Eiffel Gaz Vert fund, mentioned:

The experience and networks of Eiffel’s groups within the area of vitality and ecological transition, developed patiently over greater than ten years, enable us to establish future champions, equivalent to Verso Vitality, and persuade them to work with us to alter dimension.

“We’re due to this fact very completely happy to affix forces with Xavier and Antoine, gifted founders of Verso Vitality, whom we’ve got each identified for a really very long time. We’re satisfied that the help of Eiffel Gaz Vert, our modern fund devoted to renewable fuel options, will allow Verso Vitality to hold out very promising tasks within the hydrogen sector”.

Jean-Paul BIZE, President of AMS Industries, mentioned:

AMS Capital is an investor that helps industrial tasks led by daring entrepreneurs.

“AMS Industries was a significant shareholder of Direct Energie for greater than 10 years alongside Xavier CAITUCOLI, earlier than Whole acquired the main unbiased French electrical energy and fuel participant in 2018. I’m satisfied that the vitality transition wants modern tasks and AMS Capital may be very completely happy to help the Verso Vitality undertaking”

Verso Vitality broadcasts the success of a fundraising of fifty million euros to speed up its improvement in renewable electrical energy and inexperienced hydrogen, January 16, 2022

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