EIC Energy4Planet: a corporate-startup push to speed the energy transition

Brussels, May 7th 2021
Summary
  • The European Innovation Council launched Energy4Planet on 4 and 5 May 2021 to connect EIC beneficiaries with large European corporates.
  • 25 corporate partners and 21 EIC-funded beneficiaries attended the kick-off to explore co-creation and scaling opportunities.
  • The initiative is part of the EIC Corporate Partnership programme and aims to accelerate deployment of energy transition technologies.
  • The format prioritises matchmaking and co-creation but real world impact will depend on pilots, procurement, regulation and follow through.

EIC Energy4Planet: fast tracking the energy transition with corporate partnerships

On 4 and 5 May 2021 the European Innovation Council opened Energy4Planet, an initiative designed to bring EIC beneficiaries together with large European corporations. The stated objective is to enable co-creation of new solutions and to deepen relationships between deep tech innovators supported by the EIC and incumbent industrial players. The kick-off meeting gathered 25 corporate representatives and 21 EIC beneficiaries to explore technologies, partnerships and pathways to scale up.

What the Energy4Planet kick-off was and what it was not

The kick-off was organised as a matchmaking and co-creation event within the broader EIC Corporate Partnership programme. It is a convening exercise rather than a funding announcement. The intention is to surface technologies or partnerships that could accelerate deployment of energy transition solutions by combining EIC-funded innovation capacity with corporate reach and resources. Attending corporates were positioned as potential customers, pilot partners or co-developers. The EIC framed the initiative as a way for beneficiaries to find that new piece of technology or partnership needed to scale.

Numbers that matter from the event

ItemFigureNotes
Event dates4 and 5 May 2021Kick-off meeting for EIC Energy4Planet
Corporate participants25Large European corporates taking part in matchmaking and co-creation
EIC beneficiaries attending21Startups or projects already supported by the European Innovation Council
ProgrammeEIC Corporate Partnership programmeEnergy4Planet is an activity inside this programme

Why the model matters for the energy transition

The energy transition requires more than laboratory breakthroughs. Large scale adoption depends on demonstration at system scale, integration with existing infrastructure, regulatory alignment, and commercial validation. Corporate partners bring capital, distribution channels, procurement levers and operational know how. For EIC beneficiaries the attraction is access to market, accelerated validation and the possibility to scale faster than through venture capital alone. Co-creation between startups and incumbents can reduce friction in later stage deployment when structured well.

Co-creation in practice:Co-creation typically means collaborative development where a corporate and a smaller innovator align product requirements, run joint pilots and share data to adapt solutions to real world constraints. Co-creation can include joint R and D projects, pilot installations, access to operational facilities for testing, and commercial agreements that link payment to milestones or outcomes. The model is especially useful for systems level energy technologies that need integration with grids, assets or industrial processes.
Technology areas likely targeted by Energy4Planet:Although the event description did not list specific technologies, energy transition focus areas that commonly appear in EIC portfolios include renewable generation improvements, battery and long duration storage, power electronics and grid management, hydrogen production and use, energy efficiency in industry and buildings, advanced materials for energy, and carbon management. Technologies that require system level tests benefit most from corporate partners.

Practical obstacles that will determine outcomes

Convening founders and corporate R and D teams is necessary but not sufficient. Several common challenges will shape whether Energy4Planet leads to tangible scaling.

Procurement and purchasing cycles:Large corporates have long procurement cycles and strict compliance and safety rules. A successful pilot does not always translate quickly into purchase orders. Startups should expect lengthy due diligence and legal reviews before commercialisation.
Intellectual property and commercial terms:Co-development raises questions over who owns improvements, how revenue is shared and how downstream rights are managed. Clear frameworks for IP and licensing are essential to avoid later disputes that can stall adoption.
Scaling from pilot to system level:Many energy innovations fail at the stage of system integration rather than in the lab. Grid connection capacity, standards compliance, and interoperability with existing assets determine whether a pilot can scale. Corporates may help but systemic constraints often require regulatory or infrastructure investment as well.
Access to follow on finance:Demonstrations and early deployments are capital intensive. EIC support can lower risk but scaling often requires follow on private investment or structured corporate financing. Without clear funding pathways pilots may not lead to mass deployment.

Who stands to gain and who should watch closely

EIC beneficiaries gain market access and potential pilot partners. Corporates gain early access to innovative technologies and the chance to shape solutions to their operational needs. The European innovation ecosystem benefits if successful collaborations accelerate decarbonisation and unlock investment. Observers should watch the concrete outputs that follow the kick-off. Promises of scaling must be judged by demonstrable pilots, procurement commitments, and regulatory alignment rather than by attendance numbers alone.

Suggested metrics for assessing Energy4Planet success

MetricWhat it measuresWhy it matters
Number of signed pilot agreementsConcrete commitments to run joint pilotsShows movement from discussion to implementation
Value of follow on contractsMonetary value of procurement or licensing dealsIndicates commercial uptake beyond testing
Time from pilot to commercial deploymentElapsed time for a pilot to reach paying customersReflects scalability and corporate procurement pace
Private follow on investment raisedAmount of VC or corporate investment after pilotSignals investor confidence and ability to finance scale
Regulatory or standards milestones reachedApprovals or standards adoption enabling deploymentShows systemic barriers being resolved

Next steps and what to expect

Energy4Planet is an early stage effort to catalyse partnerships between EIC-backed innovators and large companies. The immediate next steps to watch are announcements of pilot projects, formalised cooperation agreements and public reporting on outcomes. For the initiative to contribute meaningfully to the energy transition it will need sustained follow up, transparent reporting on results and mechanisms to resolve typical barriers such as procurement rules, IP allocation and access to scaling capital.

A realistic assessment

The EIC Energy4Planet kick-off is a useful example of targeted ecosystem building. It reflects an institutional recognition that matching deep tech with incumbents can speed deployment. However, attending a workshop is not the same as delivering industrial scale impact. Policymakers, funders and participants should avoid premature claims of large scale change until pilots and commercial agreements are in place. Independent monitoring of outcomes will be needed to determine whether the initiative moves the needle on the EU energy transition.

For participants the immediate opportunity is practical. For observers the question is whether the EIC Corporate Partnership programme converts convening power into sustained, measurable scaling of low carbon technologies. The answers will become clearer with the publication of concrete pilot results and deal flow in the months that follow.