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Decade Energy secures EUR 22 million financing for European scale-up

Financing Storage announced France Apr 24, 2026
ZAR22M
Deal Value

Decade Energy, a French depot power firm specializing in battery storage solutions, secured EUR 22 million in financing to accelerate its European expansion strategy. The funds will support the development of new grid-scale battery storage projects across France and neighboring markets, targeting industrial and utility-scale applications. The financing round was led by the European Investment Bank, which provided the capital as part of its broader mandate to support clean energy infrastructure in Europe. Decade Energy plans to deploy the funds within 18 months, with a focus on projects that enhance grid stability and integrate renewable energy sources. The company, which operates under the umbrella of its parent group, aims to double its storage capacity by 2028 through this capital infusion.

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Timeline

Announced
Apr 24, 2026
Signed
Closed

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