Decade Energy, a company building the power infrastructure at logistics depots, has secured €22 million in funding. The financing is led by Eiffel Investment Group and SET Ventures, along with existing investors.
As truck electrification accelerates, 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 many logistics sites.
Decade Energy solves that problem by developing, financing, and operating integrated energy infrastructure needed at depots to support electric truck fleets.
This includes new grid connections, battery energy storage systems (BESS), EV charging, solar, and software to optimise energy use.
With a zero-CapEx approach, Decade Energy helps logistics property owners secure power capacity while creating predictable rental income and adding value through BESS participation in energy markets.
Decade Energy’s distributed portfolio approach – deploying across many sites rather than a small number of centralised assets – prepares depots for electric truck fleets and increases long-term asset value. In doing so, Decade Energy is helping define a new category of infrastructure for electric road transport: the powered, flexible, future-ready depot.
Decade Energy’s traction already signals a strong market pull. To date, the company has:
- Conducted more than 1,500 depot electrification feasibility studies across Europe.
- Advanced more than 100 projects representing over 500MW of capacity currently under development.
- Built a pipeline of 50 projects set to begin construction in 2026.
According to Casper Norden, CEO and co-founder of Decade Energy:
“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.”
The €16 million commitment from Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure, is dedicated to projects’ deployment.
The objective is the rollout of a portfolio of at least 100MW BESS projects across France, for a total CapEx financing of approximately €50 million.
The remaining funds, led by SET Ventures, with continued support from existing investors Contrarian Ventures and Ananda Impact Ventures, are dedicated to the next stage of Decade Energy's product roadmap.
The objective is to advance its energy optimisation software, new truck charging and PV products, and expand the team into new markets.
Julia Padberg, Partner at SET Ventures, shared:
“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.”
Laurent Coubret, Investment Director, Eiffel Investment Group:
“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.”
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