Pascal Pénicaud founded the FALKOR “family office” in 2019. FALKOR is an investment company dedicated to the transition of businesses and local authorities towards carbon neutrality. It combines the agility of an independent player with the industrial know-how of an expert in carbon abatement technologies. Its global approach allows it to invest at corporate level as well as project level.

FALKOR builds on the expertise of its teams, its network of experts and its shareholders. Committed to the energy transition for more than 15 years, its teams have accumulated more than 600 MW of renewable capacity developed and operated in France and abroad, representing an investment of more than €2 billion.

FALKOR meets the financing and support needs of businesses in these sectors and project initiators, through its mastery of large-scale energy projects “as a service”, its technological expertise and its financial capacity. We follow two separate methods: equity investments in businesses and/or direct investments in projects via project companies.

FALKOR’s ambition is also reflected in operational support for businesses to accelerate project implementation. This is why, on the initiative of its President Pascal Pénicaud, Elyse Energy was founded in 2020, with a view to helping industry and heavy mobility reduce their carbon intensity

falkor.eu

An independent company based in Montpellier, Vol-V is owned and managed by its three founders Cédric de Saint-Jouan, Arnaud Guyot and François Bouffard, who have been working together in renewable energy (wind, photovoltaic and biomethane) for more than twenty years.

In February 2019, the group sold its biomethane business and its 20 units (approximately 600,000 tonnes of feedstock) to Engie and, in October 2019, it sold its Vol-V Électricité Renouvelable subsidiary (Vol-V ER) and its wind and photovoltaic assets, for a total of 2 GW, to Compagnie Nationale du Rhône (CNR).
www.vol-v.com

The Clean H2 Infra Fund is managed by Hy24, a 50/50 joint venture between Ardian, a world
leading private investment house, and FiveT Hydrogen, a clean hydrogen investment
pureplay. The world’s largest clean hydrogen infrastructure fund results from the initiative of
Air Liquide, TotalEnergies and VINCI Concessions, combined with the one of Plug Power,
Chart Industries and Baker Hughes, which were sharing a common objective to accelerate
the development of the hydrogen sector. The fund is now up and running with €2 billion of
allocations. With strong industrial and financial expertise at its core, Hy24 will have a unique
capacity to accelerate the scaling up of hydrogen solutions along the whole value chain:
production, conversion, storage, supply and usage. Hy24 will support large early stage and
strategic projects into becoming essential energy infrastructures. The infrastructure fund
managed by Hy24 complies with Article 9 of the European regulation on sustainabilityrelated disclosures in the financial services sector (SFDR). Hy24 is an alternative investment
fund manager regulated by the Autorité des marchés financiers.
www.hy24partners.com

PGGM Investment Management is part of the Dutch not-for-profit pension fund service
provider PGGM. It fulfills a social mandate: the sustainable investment of the pension capital
of around three million participants of PFZW, the pension scheme for the Dutch health and
welfare sector. On 30 September 2024, PGGM IM managed EUR 257 billion in public and
private markets globally.
www.pggm.nl

Bpifrance Investissement is the management company that handles Bpifrance’s equity
investments. Bpifrance is the French national public investment bank: it finances businesses
– at every stage of their development – through loans, guarantees, equity investments and
export insurances. Bpifrance also provides extra financial services (training, consultancy) to
help entrepreneurs meet their challenges (innovation, export…).  
www.bpifrance.fr