Chrysalix Energy Venture Capital, a global investment firm focused on clean energy technologies, has established a joint venture with Robeco, a European asset manager, to invest in European clean energy and climate mitigation technologies.
The joint venture, Sustainable Energy Technology Venture Partners (SET VP), will manage the E50 million in startup capital of the SET Fund and will focus on European companies developing technologies that accelerate the deployment of clean energy and reduce climate risk.
According to Chrysalix, the SET VP portfolio will include supply-side solutions like biofuels, wind and solar power, and hydrogen production; mitigation technologies like greenhouse gas capture and other pollution reduction techniques; demand-side energy efficiency technologies and enabling technologies, such as smart grid, and energy distribution networks.
Launched by partners Delta and Essent, the SET Fund is expected to grow to more than E100 million in 2008. SET VP will have an independent management team, headed by CEO Rene Savelsberg.
Wal Lierop, president and CEO of Chrysalix, said: As the clean energy and climate mitigation industries continue to globalize, experience and domain knowledge will rule the day for investors looking to support these emerging technologies. By creating SET VP, which will tap into Robeco’s extensive European network and deal flow, Chrysalix has gained a trusted partner and access to information in a critical market sector.