BGK Invests €20M into Climate Tech via Future Energy Ventures
Climate, Investment
💎 Polish state bank allocates over €20M to support climate technology startups through an international fund
Bank Gospodarstwa Krajowego (BGK) has committed €20 million (approx. 84 million PLN) to the Future Energy Ventures (FEV) fund, joining forces with the European Investment Fund and several European development banks. The investment will specifically target innovative Polish startups working in the climate tech sector—those tackling energy transformation, urban sustainability, and advanced environmental solutions.
FEV specializes in low-emission infrastructure and digital energy innovations, making this a high-impact move for Poland’s growing green technology landscape. The fund supports companies in their growth stage, aiming to help them scale operations and commercialize products while contributing to a broader strategy of economic decarbonization. BGK’s strategy for 2025–2030 explicitly prioritizes such equity investments, aligning with national goals for innovation and energy security.
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According to Jarosław Dąbrowski, BGK board member, the move is a deliberate step toward positioning Poland as a leader in sustainable technologies. “We want Polish climate innovations to shape the future of low-emission economies,” he said. FEV’s team, which includes Polish leadership, offers not only capital but also strategic insight, making it an ideal partner for BGK.
FEV operates across three key sectors: future energy (decarbonization and digital decentralization), future cities (addressing urban challenges like air pollution and water shortages), and future technologies (AI, machine learning, and cybersecurity). The fund has offices in the U.S., Europe, and Israel, positioning it well to connect Polish innovators with global markets.
This deal also represents a milestone for the Polish venture capital ecosystem. BGK aims to deepen its role in co-building this environment by attracting seasoned fund managers to Poland and facilitating technology and knowledge transfer. The participation of Vinci S.A.—which manages other BGK funds—opens up opportunities for synergistic investments and broader collaboration.
FEV Managing Partner Jan Lozek described the fund’s closing as proof of the energy tech sector’s viability: “It’s a rare space that combines financial returns with real-world impact.” Partner Jan Pałasiński added that Poland—with over 3,000 startups and 12 unicorns—is an ideal environment to implement FEV’s investment strategy.
In summary, this move is not only a financial injection for Polish climate tech startups, but a strategic bet on the country’s role in the future of sustainable innovation.
Tags: Climate, Investment
