Investment supports expansion of decentralised energy infrastructure
The energy company Youdera Group SA has received an investment from the French asset manager Amundi. The aim is to drive forward the expansion of decentralised energy infrastructure for companies in Europe.
Youdera Group SA has secured a strategic investment from Amundi Energy Transition. According to a statement, the funds will support the company’s next phase of growth and an implementation plan of around 150 million euros for decentralised energy infrastructure in the European commercial and industrial sector.
Youdera offers companies energy management, which involves the planning and development, financing, construction and operation of energy systems. The aim is to reduce dependence on the electricity grid, make energy costs more predictable and drive electrification. The offering includes photovoltaic systems, battery storage, building envelope refurbishments, heat pumps and other measures to increase energy efficiency.
The investment by Amundi Energy Transition, a subsidiary of French asset manager Amundi S.A., offers the opportunity to scale the model across Europe, says Pedro Miranda, CEO and co-founder of Youdera. “In a more volatile world, European companies need to act decisively to remain competitive.”
Youdera was founded in 2015, is based in Ecublens and has its main site in the EPFL Innovation Park in Lausanne. Its core markets are Switzerland, Spain and Portugal, but the company sees further growth potential in Europe. “As commercial and industrial customers are looking for more resilient and cost-efficient energy solutions, we are convinced that Youdera is ideally positioned to meet this growing market demand,” says Claire Chabrier, Head of Direct Investments – Private Markets at Amundi.