Investment in Energy Impact Partners
ORLEN VC, the corporate venture capital fund of ORLEN Group, has invested in Energy Impact Partners (EIP), a leading venture capital fund focused on climate, energy, and industrial technologies. This investment allows ORLEN VC to join EIP's Flagship Fund III, which supports innovations aimed at decarbonizing the economy and transforming the energy, refining, and fuels sectors.
Strategic Goals
The partnership aligns with ORLEN's long-term strategy to achieve net zero emissions by 2050. By collaborating with EIP, ORLEN VC gains access to a global network of competencies and relationships among major energy, technology, and industrial corporations. This access will help accelerate the deployment of innovations across the ORLEN Group, enhancing energy transition and modernizing refining and fuel processes.
Benefits of the Partnership
Through this collaboration, ORLEN VC can engage with a select group of technology companies and collaborate on solutions that support decarbonization and energy efficiency. The partnership also provides ORLEN VC with the opportunity to anticipate emerging technology trends and build relationships with innovators, supporting the Group's transition towards a low-emission, integrated raw-materials and energy business.
Energy Impact Partners' Role
EIP is recognized for connecting industry leaders with cutting-edge technologies that have a tangible impact on the energy transition. The fund manages over USD 4 billion in assets across seven funds, with a portfolio of over 100 companies in clean energy, digitalization, and sustainable infrastructure. EIP's model involves active engagement of corporate investors in project assessments, development strategies, and industrial implementation, facilitating faster commercialization and deployment of innovations.
