Decade Energy Secures €22 Million to Revolutionize Europe's Depot Power Infrastructure

In a significant stride towards electrifying logistics depots across Europe, Paris-based Decade Energy has announced a €22 million funding round. This strategic investment aims to enhance its power infrastructure capabilities, expand product offerings, and venture into new international markets. With its roots in the innovative team behind Volta Trucks, Decade Energy is poised to tackle one of the most pressing challenges in the energy transition.

Transforming Logistics Depots

Led by Eiffel Investment Group and SET Ventures, the funding round sees a substantial €16 million equity investment from Eiffel and a €5.5 million contribution from SET Ventures. Existing investors Ananda Impact Ventures and Contrarian Ventures also participated, continuing their support from Decade Energy’s €3.6 million Seed round in 2024.

Decade Energy’s CEO and co-founder, Casper Norden, emphasized the transformative potential of this financing. "This funding allows us to evolve from a deployment model to a comprehensive platform for depot electrification," Norden stated. The company is building a robust framework of software, energy products, and expert teams to serve logistics sites more effectively and to introduce this model to new European markets.

Addressing Power Bottlenecks

Founded by Carl-Magnus Norden, the visionary behind Volta Trucks, Decade Energy focuses on developing energy storage, charging, and software solutions. These innovations aim to provide electric fleets with reliable power at minimal cost. As electric truck adoption accelerates, the primary hurdle is no longer vehicle availability but securing adequate power infrastructure. Grid constraints, lengthy connection times, and complex on-site energy systems pose significant barriers.

Decade Energy addresses these challenges by creating integrated energy solutions for depots, including new grid connections, battery energy storage systems (BESS), EV charging, and solar power. This holistic approach optimizes energy use and supports the electric truck fleets of the future.

Strategic Deployment and Expansion

The company’s zero-CapEx model allows logistics property owners to gain power capacity while generating predictable rental income. Decade Energy’s distributed portfolio strategy, which involves deploying across numerous sites, prepares depots for electric truck operations and enhances long-term asset value.

To date, Decade Energy has conducted over 1,500 depot electrification feasibility studies across Europe, advancing more than 100 projects with over 500MW of capacity under development. The company plans to allocate the €16 million from Eiffel Investment Group’s Eiffel Transition Infrastructure fund to deploy at least 100MW of BESS projects across France. These efforts will bolster energy independence at logistics sites and support both fleet charging and grid flexibility.

Implications for Startups and Investors

For startups and investors, Decade Energy's progress underscores the growing importance of sustainable infrastructure in the logistics sector. The company’s ability to navigate complex energy challenges and deliver scalable solutions positions it as a key player in Europe’s energy transition. The backing from prominent investors highlights the potential for substantial returns in the burgeoning field of depot electrification.

A Vision for the Future

With this funding, Decade Energy is set to expand beyond France into Germany, the Nordics, Poland, and other European markets. By adapting its model to local dynamics, the company aims to support logistics property owners in their journey towards electrification.

As Julia Padberg, Partner at SET Ventures, noted, “Decade Energy is uniquely positioned to accelerate Europe’s energy resilience.” The company’s innovative solutions and deep expertise in transport and energy infrastructure make it a formidable force in driving the continent’s shift towards sustainable logistics.

Decade Energy’s journey is a testament to the power of innovation in addressing critical infrastructure needs. As the world moves towards a greener future, the company is paving the way for a more resilient and electrified logistics landscape.

Source: EU-Startups