ENGIE secures stake in ExerGo

This operation is part of ENGIE’s Local Energy Infrastructure strategy to deploy more efficient, compact solutions that are compatible with the renewable resources available in the regions.

Through this investment, ENGIE and its partners seek to accelerate the industrialization and implementation of ExerGo‘s technology, serving local authorities and real estate players wishing to decarbonize heating and cooling, particularly in dense urban areas.

CO2 technology for lighter, more efficient and less intrusive networks

Founded in 2018 and headquartered in Yverdon-les-Bains, ExerGo has designed a unique system in which CO2, replaces water to transport heat and cold at low temperatures. This thermal vector offers several significant advantages for urban projects:

• Small-diameter, lightweight and flexible pipes, limiting the footprint and the extent of roadworks.
• Optimized use of waste heat and local thermal resources: surface water, surface geothermal energy.
• Controlled investment and operating costs thanks to improved thermal performance.

These characteristics make this solution an ideal choice for high-density neighborhoods, areas with specific constraints, or projects requiring compact and scalable networks, while promoting the decarbonization of infrastructure.

A lever for creating value for local energy infrastructure activities

Through this investment via ENGIE New Ventures, ENGIE is strengthening its ability to:

• Offer more carbon-free heating and cooling infrastructure that is accessible and tailored to local requirements.
• Enhance its offering with technology that enables networks to be deployed in areas where conventional solutions are difficult to implement.
• Support local authorities, developers and property managers in building tailor-made energy trajectories, integrating several sources of renewable or recovered energy.

“ExerGo brings a technological breakthrough to heating and cooling networks by using CO2 as an energy carrier. This innovative approach supports our decarbonization ambitions and paves the way for more efficient and sustainable solutions for our customers, particularly in the most constrained urban environments” stated Hervé-Matthieu Ricour-Dumas, Chief Business Development and Strategy Officer of ENGIE Local Energy Infrastructure.

“This investment perfectly illustrates our strategy as a venture capital investor, enabling us to better combine the expertise of ENGIE, a global leader in energy transition, with that of pioneering start-ups in this field,” said Johann Boukhors, Managing Director of ENGIE New Ventures.

“Since 2018, we have been committed to developing and showcasing the potential of CO2 networks as an innovative, compact infrastructure solution for district heating and cooling projects. We are excited to welcome ENGIE New Ventures on board as a natural partner for ExerGo, given ENGIE’S strong commitment to accelerating the energy transition of the DHC industry”, added Alberto Mian, Co-Founder & CEO of ExerGo.

(PR)