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 the 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, generate predictable rental income, and add 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.
Casper Norden, CEO and co-founder of Decade Energy, said, “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 is dedicated to projects’ deployment. The objective is the rollout of a portfolio of at least 100MW of BESS projects across France, with total CapEx financing of approximately €50 million. The remaining funds with continued support from existing investors Contrarian Ventures and Ananda Impact Ventures, are dedicated to the next stage of Decade Energy’s product roadmap.
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