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GreenVolts has raised $35.0M across 1 funding round.
Key people at GreenVolts.
GreenVolts has raised $35.0M in total across 1 funding round.
GreenVolts is a renewable energy group based in Lisboa, Portugal, specializing in the production of energy from solar, wind, and biomass sources, including forest residues and urban waste wood. The company actively develops utility-scale wind, solar photovoltaic, and energy storage projects, in addition to providing comprehensive B2B solutions for solar PV installation, maintenance, and financing for businesses. As a private equity-backed entity, GreenVolts operates as a 100% renewable energy group, generating revenue primarily through both energy production and project development within the renewable sector, with a focus on biomass and distributed generation. It has secured a total of $129.93 million in funding, with its last capital raise occurring approximately five months ago. The organization, which was formerly known as Bioelétrica da Foz, was founded in 2005.
GreenVolts has raised $35.0M across 1 funding round. Most recently, it raised $35.0M Series U in December 2011.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2011 | $35M Series U | — | Giant Ventures | Announced |
Greenvolt is a Portugal-based renewable energy company specializing in sustainable energy production and solutions across biomass, utility-scale projects, and distributed generation. It generates power from forest residues and urban waste wood via biomass plants, develops large-scale solar, wind, and battery storage projects, and offers B2B services for solar PV installation, maintenance, and financing, serving industries, businesses, and utilities in Europe, North America, and Asia.[1][2][4] With a total of $129.93M raised historically and recent €150M ($171M) from KKR in 2024 to fuel growth—especially in battery energy storage systems (BESS)—Greenvolt manages over 400 solar installations in Portugal alone and operates 7 biomass plants, demonstrating strong momentum in the energy transition.[1][2][4]
Greenvolt traces its roots to 2005, initially operating as Bioelétrica da Foz before rebranding, with early focus on biomass energy from forest residues.[1] A distinct U.S.-based entity named GreenVolts, also founded in 2005, emerged in the cleantech space, winning the Cleantech Open competition and raising about $120M in venture capital before re-merging around 2011, though its current status is unclear and separate from the Portuguese firm.[3] The modern Greenvolt Group accelerated in 2021 amid Europe's green energy push, expanding rapidly into utility-scale renewables and distributed solar; it was acquired by KKR in 2024 for €1.2 billion, marking a pivotal moment that unlocked major capital for global scaling.[2] Early traction included managing 300+ solar sites in Portugal, driving the need for advanced data systems addressed via PwC's cloud overhaul.[4]
Greenvolt rides the global energy transition wave, capitalizing on EU decarbonization mandates, net-zero goals, and surging demand for storage to integrate intermittent solar/wind into grids. Its timing aligns with post-2021 cleantech funding resurgence and 2024 KKR acquisition amid volatile energy markets, where biomass from waste addresses baseload needs and BESS pipeline (4.3 GW) tackles variability—key as renewables hit 40%+ of Europe's power mix.[1][2] Market tailwinds include falling battery costs, policy incentives like REPowerEU, and industrial electrification; Greenvolt influences the ecosystem by enabling corporate PPAs, urban decarbonization, and scalable storage, competing with giants like EDP and Galp while accelerating Portugal's renewable leadership.[1][2]
Greenvolt's KKR-fueled trajectory points to aggressive BESS rollout and utility-scale expansion, potentially doubling capacity via its pipeline as storage becomes grid-essential. Trends like AI-driven energy optimization and hydrogen integration will shape it, evolving its role from producer to transition enabler—watch for North American/Asian breakthroughs amid €1.2B acquisition momentum. This positions Greenvolt as a cleantech powerhouse, transforming waste-to-energy origins into global impact.[2]
Key people at GreenVolts.
GreenVolts has raised $35.0M in total across 1 funding round.
GreenVolts's investors include Giant Ventures.
