ORLEN VC joins the global premier league of innovation – the fund partners with Energy Impact Partners The first collaboration of its kind in Central Europe
ORLEN Group’s corporate venture capital fund, ORLEN VC, has invested in Energy Impact Partners (EIP) – one of the world’s leading venture capital funds supporting climate, energy, and industrial technologies. Through this investment, ORLEN VC joins Flagship Fund III, EIP’s principal investment vehicle backing innovations that accelerate the decarbonisation of the economy and the transformation of the energy, refining, and fuels sectors. The initiative forms part of ORLEN’s long-term strategy aimed at achieving net zero emissions by 2050.
“Joining Energy Impact Partners marks another important milestone in the implementation of the ORLEN Group’s innovation and sustainability strategy. Cooperation with one of the world’s most prominent climate-focused funds opens up new opportunities for us – both in the field of energy transition and in modernising refining and fuel processes. For ORLEN, this is not just a financial investment but, above all, an investment in knowledge, liaisons, and access to cutting-edge technologies that will strengthen our competitive position in a rapidly changing market environment. We are particularly proud that ORLEN VC is the first Central European company to become part of Energy Impact Partners. Partnerships of this kind bring us closer to achieving the goals set out in our strategy,” said Ireneusz Fąfara, President of the Management Board of ORLEN.
Energy Impact Partners is a unique platform that combines investment capital with a global network of competencies and relationships among the world’s largest energy, technology, and industrial corporations. As a result, ORLEN VC gains access to a select group of singular technology companies and the opportunity to collaborate with enterprises implementing solutions that support decarbonisation and energy efficiency. The partnership will accelerate the deployment of innovations across the ORLEN Group – from energy to refining – and foster the development of projects with global reach.
“Our mission is to connect industry leaders with cutting-edge technologies in initiatives that have a tangible impact on the energy transition. ORLEN VC brings to our ecosystem the experience of a strong, integrated energy and fuels group from Central Europe – a region playing an increasingly significant role in shaping the green economy. We are delighted to work together on innovations that will have a global reach and make a measurable contribution to the future of the energy and fuels sector,” said Hans Kobler, Founder and Managing Partner of Energy Impact Partners.
Recognised across the industry as a partner of choice for technology start-ups, EIP bridges entrepreneurs with the most forward-looking energy and industrial corporations worldwide to foster innovation. Through its collaboration with corporate partners, EIP not only provides financing but also supports its portfolio companies in developing sales channels, scaling their operations, and implementing solutions in real-world industrial environments.
EIP’s model is based on the active engagement of corporate investors, who participate in project and technology assessments, co-create development strategies for portfolio companies, take part in pilot testing and industrial implementation, and exchange knowledge and expertise across sectors. As a result, EIP portfolio companies often become business partners to investors, enabling faster commercialisation and industrial deployment of innovations.
By joining EIP, ORLEN Group gains direct access to a global innovation ecosystem encompassing technologies crucial for the energy, refining, and fuels segments – including solutions that enhance production efficiency, reduce emissions, and support the development of biofuels and synthetic fuels. Participation in the fund will allow ORLEN VC and other Group companies to anticipate emerging technology trends, build relationships with innovators, and identify solutions supporting the Group’s transition towards a low-emission, integrated raw-materials and energy business.
Energy Impact Partners (EIP)
Energy Impact Partners is a global venture capital investment platform focused on technologies transforming the energy and industrial sectors. The fund collaborates with over 70 corporate investors from the energy, fuels, industrial, and technology sectors worldwide. EIP manages more than USD 4 billion in assets across seven funds, with a portfolio of over 100 companies operating in the fields of clean energy, digitalisation, and sustainable infrastructure.
ORLEN VC
ORLEN VC is the corporate venture capital fund of ORLEN Group, dedicated to advancing the energy and fuels transition through investments in innovative technologies across modern energy, mobility, circular economy, digitalisation, refining, and biofuels. The fund invests both directly in technology companies and indirectly through specialised international VC funds.