Decade Energy, a Paris-based company building power infrastructure at logistics depots, has raised €22 million to scale deployment across France, expand its product offering, and enter new international markets. The round was led by Eiffel Investment Group and SET Ventures, with continued backing from existing investors Ananda Impact Ventures and Contrarian Ventures.
The financing is structured in two parts. Eiffel Investment Group committed €16 million through its managed fund Eiffel Transition Infrastructure, dedicated to project deployment with the objective of rolling out a portfolio of at least 100 megawatts of battery energy storage system projects across France, representing a total capital expenditure of approximately €50 million. The remaining funds, led by SET Ventures alongside existing investors, are dedicated to advancing Decade Energy’s energy optimization software, new truck charging and solar products, and expanding the team into new markets.
As truck electrification accelerates across Europe, Decade Energy argues that the bottleneck is no longer vehicle availability but access to power. Grid constraints, long connection lead times, and the complexity of on-site energy systems are slowing deployment at logistics sites. Decade Energy addresses this by developing, financing, and operating integrated energy infrastructure at depots, including new grid connections, battery energy storage systems, electric vehicle charging, solar, and software to optimize energy use. The company’s zero-capital-expenditure approach helps logistics property owners secure power capacity while creating predictable rental income and generating additional value from battery storage participation in energy markets.
To date, Decade Energy has conducted more than 1,500 depot electrification feasibility studies across Europe, advanced more than 100 projects representing over 500 megawatts of capacity currently under development, and built a pipeline of 50 projects set to begin construction in 2026. The company’s distributed portfolio approach deploys across many sites rather than a small number of centralized assets, which it says prepares depots for electric truck fleets and increases long-term asset value.
With this funding, Decade Energy plans to expand beyond its initial French market into Germany, the Nordics, Poland, and other European countries, adapting its model to local market dynamics. The company was founded by Casper Norden, Alexandre Cleret, Carl-Magnus Norden, and Alejandro Ortega Peniche.
KEY QUOTES:
“This financing allows us to expand Decade Energy from a deployment model into a broader platform for depot electrification. We are building the software, energy products, and team needed to serve logistics sites more comprehensively, and to bring that model into new European markets. We now have the capital and platform to turn logistics depots into the power infrastructure that electric road transport needs.”
Casper Norden, CEO and Co-Founder, Decade Energy
“This fundraising validates both our strategy and the strength of our team at Decade Energy. We have built a model around the real needs of depots: access to power, infrastructure, and a practical path to electrification. Now we can scale construction and support more customers as they prepare their sites for electric fleets.”
Alexandre Cleret, COO and Co-Founder, Decade Energy
“Against today’s geopolitical backdrop, the case for BESS buildout and fossil fuel independence has never been stronger. Decade Energy is tackling one of the most critical choke points in the energy transition: grid constraints at logistics depots. Their team combines deep transport expertise and strong energy infrastructure capabilities, backed up by impressive early traction. This convinced us that they are uniquely positioned to build a leading platform that can meaningfully accelerate Europe’s energy resilience.”
Julia Padberg, Partner, SET Ventures
“BESS is no longer a niche technology. It is becoming a core infrastructure, combining a necessary flexibility tool for more renewable penetration with the potential to electrify logistics depots. Decade Energy’s proven infrastructure deployment, coupled with Eiffel Investment Group’s strong market expertise, will turn fragmented site-level demand into a scalable model while generating long-term value for customers and the power system alike.”
Laurent Coubret, Investment Director, Eiffel Investment Group
