Verso Energy announces the success of a fundraising of 50 million euros to accelerate its development in renewable electricity and green hydrogen.
Verso Energy, founded in early 2021 by Xavier Caïtucoli and Antoine Huard, completed a fundraising of more than 50 million euros at the end of December 2022 to accelerate the deployment of its projects in the production of renewable electricity as well as the production of green hydrogen. This operation, notably subscribed by Eiffel Investment Group (via Eiffel Gaz Vert), AMS Capital (venture capital company, subsidiary of AMS INDUSTRIES headed by Jean-Paul Bize), Crescendix (investment company of Xavier Caïtucoli) and Antoine Huard, validates the unique and integrated positioning of the group which aims to become the benchmark player in this new phase of the energy transition.
The profound changes underway in the energy sector, under the combined effect of the climate emergency, technological revolutions and geopolitical crises, require the emergence of new diversified, integrated players capable of offering innovative solutions from upstream to downstream, from producers to consumers. Positioning on a single link in the value chain or simply securing subsidized rates for renewable electricity is no longer enough to meet the imperatives of decarbonization. It is on this conviction that Verso Energy was created at the beginning of 2021 by Xavier Caitucoli and Antoine Huard, two successful and experienced entrepreneurs in the sector.
The development strategy implemented is based on the construction of an innovative player whose objective is to implement new solutions for coupling renewable electricity production and flexibility means (batteries for short-term storage, electrolysers for hydrogen production) in order to overcome the negative effects of intermittency associated with the rise of renewable energies. This new proactive and integrated approach to the energy transition convinced Eiffel Investment Group and AMS Capital to join the Verso Energy adventure by supporting the company in the deployment of its ambitious growth plan. This raising of more than €50 million will accelerate the development and commissioning of a portfolio of projects that already includes more than 2 GW of solar photovoltaic power plant projects, hydrogen production units and stationary battery storage facilities.
