Decade Energy Raises €22M to Build Power Infrastructure for Electric Truck Depots Across Europe

At a glance:

• Decade Energy, a Paris-based company building power infrastructure at logistics depots for electric truck fleets, has raised €22 million in a round led by Eiffel Investment Group and SET Ventures.
• The round is split between €16 million for project deployment and €6 million for product and expansion, with existing investors Ananda Impact Ventures and Contrarian Ventures continuing to back the company.
• Decade Energy targets 100MW+ of BESS projects across France, with Germany, the Nordics, and Poland to follow.

What Decade Energy Raised and How It Will Be Used

Decade Energy, a company founded in Paris in 2024, has secured €22 million in funding, according to an announcement. The round is led by Eiffel Investment Group and SET Ventures, with continued support from Ananda Impact Ventures and Contrarian Ventures. The funding is structured in two tranches, each with a distinct purpose. The first tranche, totaling €16 million and provided by Eiffel Investment Group through its managed fund Eiffel Transition Infrastructure, is dedicated to project deployment. This includes the rollout of a portfolio of at least 100MW of battery energy storage systems (BESS) across France, with a total project CapEx financing of approximately €50 million. The remaining €6 million, led by SET Ventures, is allocated to advancing Decade Energy’s energy optimisation software, new truck charging and photovoltaic products, and expansion into new markets.

Decade Energy's Business Model and Traction

Decade Energy was founded in 2024 by Casper Norden (CEO), Alexandre Cleret (COO), Alejandro Ortega Peniche, and a team drawn from Volta Trucks and its Truck-as-a-Service subsidiary. The company’s business model is defined by what it does not charge upfront. Under its zero-CapEx approach, logistics property owners and depot operators receive the grid connections, BESS installations, EV charging infrastructure, solar panels, and energy management software they need to support electric truck fleets without making a capital outlay. Decade Energy develops, finances, and operates the infrastructure, generating returns through a rental income model for the property owner and through BESS participation in energy markets. The company’s early traction figures are notable, with more than 1,500 depot electrification feasibility studies conducted across Europe, more than 100 projects representing over 500MW of capacity under development, and a pipeline of 50 projects set to begin construction in 2026.

Decade Energy's International Expansion

The international expansion funded by this round targets Germany, the Nordics, Poland, and other European markets. France has been Decade Energy’s initial proving ground, but the company argues that the structural problem it solves—grid constraints, connection lead times, on-site complexity—is not specific to France but reflects a wider European condition driven by the same forces: accelerating electric truck adoption against infrastructure that was not designed for it. The company’s live deployment with Renault Trucks at its Grand Paris site in Gennevilliers provides a working reference site for the model at commercial scale.

Key Figures and Traction

Decade Energy’s early traction figures are notable, with more than 1,500 depot electrification feasibility studies conducted across Europe, more than 100 projects representing over 500MW of capacity under development, and a pipeline of 50 projects set to begin construction in 2026. The company’s live deployment with Renault Trucks at its Grand Paris site in Gennevilliers, where Decade Energy and AXPO Group are operating a system combining a new 250 kW grid connection with 110 kW/220 kWh BESS and up to 360 kW of charging capacity, with AXPO serving as energy aggregator, provides a working reference site for the model at commercial scale.