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Energy and environmental transition: Bpifrance bets on Greentechs

Published on September 08, 2022 by Pierre Belhache - 4 mins reading time
Company founders Startup/innovation Companies Environment

From a small number in 2017, Greentechs now number 1,800, mainly focused on new energies, green industry and the environment. Aware of the potential of this market, the BPI (Banque Publique d'Investissement) has decided to inject 2.2 billion of funding into innovation for the energy and environmental transition in 2022.

A lever to meet the challenge of environmental transition

BackMarket, Verkor, Ynsect, Phénix... Greentechs are actively contributing to the mitigation of climate change, the transition to a circular economy, and the prevention and reduction of pollution. They are a major lever in meeting the challenge of environmental transition.

These companies, which focus primarily on the new energies, environment and green industry sectors, represent almost 60,000 jobs and are starting to generate significant sales in excess of 10 million euros. While some of these companies were founded 10 years ago, the majority (51%) were established less than 5 years ago.

Bpifrance steps up its support for Greentech

Bpifrance has set in motion a 40 billion euro climate plan for the period 2020-2024 by deciding to deploy its strategy around two major axes:

  • supporting solutions for the environmental transition
  • speeding up the transition of businesses

In line with these objectives, the French organization will invest 300 billion euros in funds dedicated to energy and ecological transition by 2024. These investments will benefit Greentechs in the energy, agriculture of the future and sustainable construction sectors. They will also make it easier for companies to access green and decarbonized energies.

Measures to boost Greentech development

The investments announced by Bpifrance are in addition to those made by the government in recent years. In 2021, the President of the Republic announced the launch of a major future investment plan dubbed " France 2030 ", in particular to meet the challenge of ecological transition. A substantial proportion of the planned investments will concern the themes addressed by Greentech: decarbonization, storage, clean aircraft, batteries...

At the same time, startups are buoyed by the Deeptech plan initiated in early 2019 by the Banque Publique d'Investissement. With a budget of 2.5 billion euros over 5 years, this scheme aims to support the growth of Deeptech and strengthen it through three levers: stimulating startups, supporting growth and boosting innovation ecosystems in territories and by sector.

The France 2030 plan and the Deeptech plan are not the only initiatives to boost the development of Greentech. Indeed, in recent years, numerous structures have been set up, including incubators, gas pedals, specialized entrepreneurial networks and impact funds.