BGK invests EUR 20 million in a global fund to support the energy transition in Poland

Bank Gospodarstwa Krajowego (BGK) has invested EUR 20 million in the Future Energy Ventures (FEV) fund. The funds will go to innovative companies developing climate technology solutions in Poland.

The bank has joined the global Future Energy Ventures (FEV) fund, an energy-native VC advisor focusing on digital and asset-light infrastructure solutions to accelerate the energy transition worldwide. Among the fund’s investors are the European Investment Fund and other European development banks. BGK’s investment amounts to EUR 20 million, and the funds will be allocated to the development of technology companies in Poland.

The support provided by Future Energy Ventures offers growth-stage companies the opportunity to scale their businesses. Investments at this stage foster economic development by helping companies transform into larger, more stable, and competitive entities in both local and global markets. This process contributes to generating GDP driven by innovation. The experienced management team of FEV, partly originating from Poland, along with its portfolio of projects in the country, lends credibility to the fund’s investment plans in Poland. Future Energy Ventures’ investments also align with efforts aimed at climate protection and the energy transition.

'In line with the BGK 2025–2030 strategy, we are consistently increasing our direct involvement in the venture capital space financing innovative technologies. Joining the Future Energy Ventures fund is another step for BGK in strengthening Poland’s position in this field. We want Polish innovations and climate technologies to have a real impact on shaping a low-emission economy of the future — both in Poland and globally. That’s why I am pleased that BGK has joined the group of other investors in FEV alongside the European Investment Fund and other European development banks, jointly engaging in projects that have a real impact on decarbonization and our energy security.'

Jarosław Dąbrowski, Member of the Management Board of Bank Gospodarstwa Krajowego

The Future Energy Ventures team consists of several specialists in energy transition and the application of cutting-edge technologies in the energy sector. The fund has offices in the United States, Europe, and Israel. FEV invests across three areas of climate technology: Energy of the Future, Cities of the Future, and Technologies of the Future. Energy of the Future aligns with the global shift toward decarbonization and decentralized digital technologies. The Cities of the Future area focuses on challenges related to growing urbanization and the concept of smart cities — such as shortages of fresh water, waste management, traffic congestion, and air pollution. The Technologies of the Future area covers technological advancements and their applications in the cities and energy systems of tomorrow, including artificial intelligence, machine learning, and cybersecurity.

'The closing of this fund proves that energy technology represents an immense investment opportunity. It is a sector that can scale rapidly while delivering both outstanding financial returns and meaningful decarbonization impact.'

Jan Lozek, Founder and Managing Partner of Future Energy Ventures

'Poland is the fastest growing economy in the European Union. Its technology ecosystem is booming, with more than 3,000 startups and 12 unicorns. We see a lot of innovation across sectors including AI, climate tech, and digital infrastructure and, therefore, we view Poland as a prime location to execute on our investment strategy.'

Jan Palasinski, Partner at Future Energy Ventures

In its 2025–2030 strategy, Bank Gospodarstwa Krajowego has set out to significantly increase the scale of its equity investments. Over the next three years, the bank plans to expand its direct equity involvement in venture capital funds managed by top-performing teams, thereby supporting the growth of Polish innovation and competitiveness.

'The goal of BGK is also to further develop the venture capital investment fund ecosystem in Poland. The presence of experienced fund managers from across Europe in Poland creates opportunities for the transfer of know-how and best practices. It is also an opportunity for joint investments for other market participants, including cooperation with Vinci S.A., the company managing BGK’s funds. The investment portfolio and new potential projects of Vinci S.A.’s investment vehicles provide opportunities to seek synergies with the investment objectives of the FEV fund.'

Jarosław Dąbrowski, Member of the Management Board of Bank Gospodarstwa Krajowego

About BGK
BGK is a Polish development bank, supporting the country’s sustainable economic and social growth. BGK is the only institution of its kind in Poland. Operating for over a century, BGK finances investments in infrastructure, housing or entrepreneurship. It is also involved in strategic initiatives, including national security and energy transition. The bank works with both the public and private sectors, mobilizing capital to fund projects that address key national challenges. It also plays an important role in implementing EU Funds and Poland’s National Recovery Plan.

About Future Energy Ventures
Future Energy Ventures is a global, energy-native venture capital firm investing in digital and asset-light infrastructure solutions to accelerate the energy transition worldwide. Born from Europe’s largest energy companies, RWE and E.ON, it combines deep domain expertise with capital market agility to drive impact at scale. As both advisors and operators, FEV bridges the worlds of traditional energy and an electrified society while setting clear decarbonization targets. Since 2016, FEV has partnered with innovative companies developing breakthrough technologies across renewable energy, energy storage, grid modernization, and energy access solutions.