NIIT MTS invests in EIT InnoEnergy’s €140m private placement round

NIIT Managed Training Services (NIIT MTS) has announced a strategic investment in KIC InnoEnergy, SE (EIT InnoEnergy) as part of a €140 million private placement round. This investment places NIIT MTS among key strategic investors, including major players from industrial, financial, training, and digital sectors, aiming to accelerate clean energy industrial innovation.

Strengthening Partnership in Green Energy Transition

Earlier this year, EIT InnoEnergy selected NIIT MTS as a strategic partner of the EIT InnoEnergy Skills Institute. “New strategic players have joined InnoEnergy’s outstanding cap table, several shareholders have reinvested, and altogether we have secured sufficient fresh financial resources to double our on-going impact,” said Diego Pavia, CEO of InnoEnergy. This strategic investment bolsters NIIT MTS’ core goals of human capital development and meaningful contribution to the green energy transition.

Role of EIT InnoEnergy in Sustainable Energy Innovation

Founded in 2010 and supported by the European Institute of Innovation and Technology (EIT), EIT InnoEnergy has become a leading force in sustainable energy innovation. The organization ranks as Europe’s top impact investor in cleantech for 2022 and is globally recognized as the most active sustainable energy investor.

Global Reach and Impact Through NIIT’s Infrastructure

The partnership leverages NIIT’s extensive global reach and robust infrastructure, thereby expediting service deployment and accelerating training initiatives across Europe, Asia, and North America. “As the world accelerates decarbonisation initiatives, NIIT MTS has a two-fold commitment to the green energy transition as a strategic partner of EIT InnoEnergy,” said Sailesh Lalla, Chief Business Officer at NIIT MTS.

Addressing the Talent Gap in Green Energy Sector

The transition to net zero is estimated to require the retraining of up to 18 million workers globally, making human capital development crucial. This strategic investment strengthens the partnership between EIT InnoEnergy and NIIT MTS, offering opportunities for close collaboration in addressing challenges and seizing the potential of global decarbonisation efforts.

Current and Future Contributions to Decarbonisation

EIT InnoEnergy’s portfolio currently comprises 200 companies, three of which are unicorns, projected to generate €110 billion in revenue and save 2.1G tonnes of CO2e by 2030. The partnership aims to make a meaningful contribution to these figures while addressing the human capital needs of the green energy transition.