Image
courtesy
of
Roberto
Bueno,
TBB
Photo
Contest
Linking circularity & sustainable energy
– InnoEnergy perspective
FUNSEAM virtual seminar 28/10/2021
Marcin Lewenstein – InnoEnergy Thematic Leader for „Energy for Circular Economy”
Intrnational context of waste management

AGENDA
EIT InnoEnergy at glance & our ecosystem
Linking circularity and energy – our view
Circular innovations - our foucs areas
Top cases

AGENDA
EIT InnoEnergy at glance & our ecosystem
Linking circularity and energy – our view
Circular innovations - our foucs areas
Top cases

3
EIT InnoEnergy Objectives
▪ Ensure security and safety of supply
▪ Reduce costs in the energy value chain
▪ Reduce CO2 emissions
▪ Improve European competitiveness
▪ Remove barriers to innovation
▪ Encourage sustainable growth
▪ Create jobs
Human Capital: Master Programs and professional learning
Incubation: Investing in early-stage start-ups and scale-ups
Innovation: Investing in product development
Setting up Industrial value chains: European Battery
Alliance (EBA), European Green Hydrogen Acceleration
Center (EGHAC), European Solar Initiative (ESI)
EIT InnoEnergy Activities
EIT InnoEnergy at a glance
Reducing risk and time-to-market for energy innovations
EIT InnoEnergy is the trusted open
innovation ecosystem for sustainable
energy in Europe

EIT InnoEnergy: 10 Years of Sustainable Energy Innovation 4
Most Active Energy Investor
PitchBook 2020 Annual Global League
Top investor in renewable
energy tech
CB Insights
Largest Climate investors by
number of deals
PwC
VC Energy investor 2018-2020
Pitchbook

5
Key Statistics
EIT InnoEnergy at a glance
Reducing risk and time-to-market for energy innovations
In 10 years we have built the largest
sustainable energy innovation ecosystem
in the world

OVER 300 ASSETS IN OUR PORTFOLIO

Network and connections
Building global
connections
Offices across Europe
and in the US
500+ partners
23 shareholders
7
Boston (USA)
Benelux
France
Germany
Central Europe
Scandinavia
Iberia

AGENDA
EIT InnoEnergy at glance & our ecosystem
Linking circularity and energy – our view
Circular innovations - our foucs areas
Top cases

Power generation has been in focus so far but the innovation will happen
in greening the industry emitting almost the same amount of CO2
Circularity – the next big thing 9
Hard-to-abate
industrial and heavy
transport CO2
emissions:
14,3 bn tonnes
(39%)
Current focus of CO2
emissions:
18,4 bn tonnes
(51%)
Global energy-related CO2 emissions by sector (tonnes bn)
Other:
3,5 bn tonnes (10%)
Source: IEA via Economist, 2014
Power
13,6
Light road
transportation
4,8
Iron &
steel
2,3
Cement
2,2
Other
industry
2,2
Chemical +
Aluminium
+ Paper
1,6
Heavy road
transportation
2,5
Air
1,0
Shipping
0,9
Heating buildings
2,2
Other, 3,5

EU policymakers will need to replicate the successful policy-mix of public
support and regulations for the process of industry decarbonisation and
Circularity – the next big thing 10
CO2 emissions in the EU ETS from energy-intensive
industries 2008-2018
Source: EUTL data, CE Delft calculations, European Energy Agency (2019)
Estimated impact of different factors on reduction in
CO2 emissions (power and heat) in the EU-28
Summarized CO2 emissions from power and heat generation have been
decreasing due to efficiency improvements and switch to renewable sources...
...while at the same time emissions from energy-intensive industries have been
flat for the last decade.

x
The challenges have already been noticed and addressed in the new
policies and regulations...
Circularity – the next big thing 11
Decarbonization
industry/heat/transport
Circularity
recycling/plastics/waste mgmt
Grid-scale energy storage
&
Power-to-X fuels
II

x
...providing EUR 1800 bn of financing until 2027 with some part obligatory
related to climate, incl. decabornizing industry and circular economy
Circularity – the next big thing 12
x
Next Generation EU
€750bn
Regular MFF 2021-2027
€1074.3bn
incl. Recovery and Resilience Facility
€672,5bn
2021-2027
€1824.3bn
Multi Annual Financial Framework 2021-2027 Programs and instruments:

According to McKinsey's analysis, the industry will reach net-zero
emissions after power, transportation and buildings sectors
Circularity – the next big thing 13
• From now until 2030, 75 percent of abatement
would be achieved by expanding mature and early-
adoption technologies such as heat pumps in
buildings, heat cascading in industry, and EVs in
transportation.
• When electrification opportunities would approach
their maximum uptake, other measures would
become the focus.
• By 2050, 45 percent of the European Union’s total
emissions would be abated by switching from fossil
fuels to electrification, and another 30 percent would
be eliminated by using hydrogen, biomass, and
CCU/CCS.
Total emissions per sector in cost-optimal pathway for EU-
27
Megatons of CO2 equivalent
Source: How the European Union could achieve net-zero emissions at net-zero cost – Report by McKinsey, Dec. 2020

AGENDA
EIT InnoEnergy at glance & our ecosystem
Linking circularity and energy – our view
Circular innovations - our foucs areas
Top cases

x
x
x
Energy for Circular Economy TF provides solutions for unaddressed
energy issues in the key sectors to make net zero economy possible
InnoEnergy – Energy for Circular Economy - Portfolio overview 15
Heat (48%) Transport (32%) Power (20%)
Total final energy
consumption
by sector:
Modern
renewable
energy:
10%
Renewable energy:
3%
Renewable
energy:
25%
Not addressed: 90% Not addressed: 97%
Not
addressed:
75%
Bioeconomy
Waste
solutions
Power-to-X
Impact on resolving key issues in the sector:
• Solid biomass
• Biogas, bio-SNG and biofuels
• Green hydrogen (non-electrolysis)
• Waste-to-energy
• Waste-to-fuels
• Power-to-hydrogen
• Power-to-heat
• Biogas, bio-SNG and
biofuels
• Green hydrogen (non-
electrolysis)
• Waste-to-fuels
• Recycling and materials
recovery
• Power-to-hydrogen / gas
• Power-to-liquids
• CHP
• Waste-to-energy
• Recycling and
materials
recovery
• Excess-
renewable
energy to X
• CCU
Source: REN21, 2018

For new dealflow, InnoEnergy focuses on hydrogen value chain, industry
decarbonisation, materials recovery and heavy transport solutions
Where are the opportunities? 16
Energy for Circular Economy
x
Bioeconomy
• Relatively mature segment
• Scalability significant but limited by feedstock
availability
x
Waste solutions
x
Power-to-X
• Immature - current development stage as
solar energy 10 years ago – huge innovation
potential
• High scalability and global potential
KEY THEMES
• Green gases (grid, green hydrogen, transport)
• Advanced bioenergy solutions using „RED II
feedstocks”
• Distributed biomass waste streams solutions
(materials, CHP)
• Products as carbon sinks
KEY THEMES
• Hydrogen value chain (production, storage,
distribution, end use)
• Focus on industry (green steel, cement,
fertilizers) and heavy transport
• Power-to-liquid sustainable fuels – such as
SAF –using CCU solutions
• Power-to-heat
• Relatively mature segment
• Scalability significant but limited by feedstock
availability
KEY THEMES
• Plastics – recycling and substitution
• Battery recycling and materials recovery
• Waste heat valorisation
• Sewage sludge valorisation
• Products as carbon sinks
• Solutions for municipal solid wastes and RDF

AGENDA
EIT InnoEnergy at glance & our ecosystem
Linking circularity and energy – our view
Circular innovations - our foucs areas
Top cases

x
18
x
Notable circularity focused assets – food for thoughts
x
x
Here are some notable examples of assets
from our Energy for Circular Economy portfolio and beyond
Circular materials
Recycling in renewables
Waste heat valorisation e-Fuels
Biowaste streams
Power-to-X
x
x
x
x
x
Digital circularity
Waste-to-Fuels
Carbon valorisation

EIT InnoEnergy circularity portfolio 19
NICLAS DAVIDSSON
CEO of Meva Energy
Meva Energy is the world’s
leading provider of
gasification technology for
renewable energy
production based on small
fraction fuels. Our system
enables power and heat
providers to utilize biomass
in a uniquely efficient and
profitable way.
mevaenergy.com
Challenge
Solution
Value proposition
• When addressing the need for industrial-sized cogeneration or combined
heat and power (CHP) from solid biomass, today's paradigm is either to build
large scale power plants (larger than 10 MWe) using steam turbine CHP
technology, or to burn the feedstock in a boiler – producing only heat.
• Meva Energy's solution is to enable power and heat production in the range
below the commercial feasibility of steam turbine technology.
• Acceptance of fine fraction, low cost feedstock.
• Highly controllable power source able to balance power grids due to
intermittency of solar and heat.
• Low cost, high efficiency production of renewable, decentralised power and
heat.
• Production of even gas quality with high energetic content, suitable for a high
efficiency lean-burn gas engine.
• Relatively non-complex system layout, low pressure and temperature.

x x
Meva Energy is the world’s leading provider of gasification
technology for renewable energy production
Deep dive: Meva Energy 20
• Business Line: Bioeconomy
• Vintage year: 2019
• Total KIC IE Equity: 9,55%
• Co-Location: Scandinavia
STATUS
Biomass fines Biomass fines
Gas for
industrial
process heat
Combined heat
and power
(CHP)
Biochar side stream
Renewable gas
Biomass gasification system of entrained flow gasifier type
Key features:
• Produce true high-quality and stable
gas.
• Acceptance of fine fraction, low cost
feedstock.
• Relatively non-complex system layout,
low pressure and temperature.
• Valuable biochar as side stream – used
for e.g. soil improvement, active char,
water cleaning, animal feed
Industrial scale CHP in Piteå, Sweden. Capacity: 1,2MWe and 2,4MWt

EIT InnoEnergy portfolio 21
Erik Odén
CEO of C-Green
Our vision is to be the global leader
in sustainable sludge and wet
organic waste handling solutions
and contribute to a climate-neutral
and circular society. Founded in
2014, we are a Swedish company
with headquarters in Solna, just
outside of Stockholm. Our
headquarters are equipped with a
customized, state-of-the-art lab
and we operate a mobile pilot
plant. The company’s main owners
are the original founders, KIC
InnoEnergy, Almi GreenTech,
Nordea Bank, and individuals with
strong industrial and financial
networks.
C-green.se
Challenge
Solution
Value proposition
• Waste-water treatment plants worldwide produce sewage waste with
residue sludge difficult to dewater containing bacteria, pharmaceuticals,
phosphorous, toxins and heavy metals. Disposal costs are high and
environmental targets not reached.
• A compact, robust and efficient process solution based on hydrothermal
carbonisation allowing separation of phosphorous (for further use in fertilising
applications) and heavy metals from sludge, degeneration of toxins, deactivation
of pharmaceuticals and transformation of the remaining sludge into bio-coal. It
enables waste-water treatment plants to reduce their operating and capital
cost, while meeting the environmental target for sludge management.
• Cost-effective sludge management saving approx. 30% vs traditional systems.
• Small, scalable one-size-fits-all solution, energy-efficient process.
• Turns harmful sludge into homogenous biofuel with a high energy density for
power production at combined heat and power (CHP) plants.

x
C-Green provides HTC technology for wet biodegradable
solid waste handling in scalable modular systems
Deep dive: C-Green 22
STATUS OxyPower HTC™
Key features:
• Sludge capacity: 25,000 tons/year
• Biocoal capacity: 5,000 tons/year
• Low OPEX
• Low CAPEX - Easy to deploy, operate and
maintain
• Uses the chemical energy in the sludge –
no external heat needed.
• Facilitates the recovery of nitrogen (N)
and phosphorus (P)
• Reduces transportation costs and
emissions by handling sludge on-site.
Patented hydrothermal carbonization (HTC) and wet
oxidation technology sold in pre-manufactured
container-size modules.
• Business Line: Waste to energy
• Vintage year: 2016
• Total KIC IE Equity: 18%
• Co-Location: Scandinavia
The first C-Green HTC plant installed in Stora Enso's mill in Heinola, Finland.

EIT InnoEnergy portfolio 23
Marcin Koziorowski
CEO of EcoBean
Our project is 100
percent zero waste.
Used coffee grounds are
packed into so-called
EcoBoxes. It is a perfect
solution, bringing only
environmental benefits
ecobean.pl
Challenge
Solution
Value proposition
• Over 2 billion cups of coffee is consumed worldwide daily. Coffee is the second
most traded commodity in the world. It generates around 25 000 tons of coffee
waste each day, ending up in the landfill and generating high carbon and
methane emission.
• Ecobean is a service that relies on waste coffee pick up from cafes or offices and
which includes special bins and bags, footprint reports, corporate social
responsibility (CSR) reports and marketing input. All collected spent coffee
grounds are collected and recycled into a range of bio- products such as: PLA,
lignin, coffee oil, animal feed and coffee briquettes.
• Ready-made circular economy solution.
• Ready-made CSR and eco-marketing input.
• Big brands and market leaders involved.
• A reduced CO2 footprint.

CONFIDENTIAL
24
EcoBean extends the existing coffee value chain and
makes it more sustainable by circular use of resources
Source: EcoBean EXECUTIVE SUMMARY
The classical
coffee industry
value chain
Spent coffee grounds
(SCG)
BIOFABRICATES1)
Ready products by
EcoBean:
BIOREFINATES1)
Raw materials for
coffee and other
industries
Flowerpots
Logs/Briquettes
Raw materials for:
Coffee oil
• Biodiesel (FAME)
• In the future: Add features to
pharma/ cosmetics products
Lignin
• Coffee capsules (and pods)
• Disposable packaging, straws
• Carbon fiber
PLA
• Cups, plates, rigid packaging
• Rubber-like materials
Animal feed
additives
• High-end lactic acid bacteria
proteins
• Calcium and protein feed for
insects (premium product)
Other fine
chemicals
• High-margin ingredients for
multiple sectors
• Replacing fossil fuel
products
• Upcycling SCG –
prolonging its lifetime
as carbon sink
• Renewable energy
source
• Reducing low-valorized
waste
• Reducing the carbon
footprint of the whole
coffee value chain by at
least 20%
All benefits for the clients:
1) Biofabricates are products of physical processing and biorefinates are chemically processed

Berlin, 3 – 4 November 2021
The Business Booster is EIT InnoEnergy’s annual two-day international
networking event that showcases 150+ sustainable energy technologies
under one roof. Each year the event rotates among European capital cities,
which have included Barcelona, Berlin, Amsterdam, Copenhagen and Paris. In
2020, the event was held online, bringing together 1,200 attendees at
TBB.Connect.
THE BUSINESS BOOSTER - ABOUT THE EVENT
tbb.innoenergy.com
WHY PARTICIPATE?
• You will have a chance to discover cutting edge technological solutions to
enhance your product portfolio.
• A great chance for you to detect new opportunities and business models
for your company.
• You will save time because innovations are segmented by market, helping
you find the right solution for your business, see how they are segmented
• Great place for you to find partnership opportunities.
• You will have a chance to see live product demonstrations.
• You can also pitch your challenges to the most innovative start-ups
across Europe.

www.innoenergy.com
EIT InnoEnergy
Kennispoort 6th floor
John F. Kennedylaan 2
5612 AB Eindhoven
The Netherlands
Info@innoenergy.com
Thank you, any questions?

27
BACKUP SLIDES
EIT InnoEnergy services for innovators

Energy of circular economy
• Waste management and recycling efficiency solutions
• Solutions for air pollution
• Biomass conversion technologies
• Alternative fuels (eg. biogas, SNG, hydrogen, methanol,
DME, ect. )
IoT & Smart technologies
• Smart city solutions
• Smart buildings and retrofits
• Digitalization of heating infrastructure and services
• Big Data and AI/ machine learning solutions for the
energy sector
• Energy blockchain applications
• Predictive maintenance
• Smart grid
Energy storage
• Energy Storage Systems for commercial use
• Mobility Storage systems
• New chemistry and cell designs
• Software and hardware for storage systems management
• Heat storage systems
• Storage systems recycling and second-life
Energy from renewable sources
• Photovoltaics
• Solar termal
• Offshore and onshore wind power
• Ocean energy
Energy efficency
E-mobility and Electric Vehicles
• Electric vehicles
• Vehicle-to-grid technologies
• Battery-swapping solutions
• Charging stations for supply of electric energy to EVs
• Plug and play charging solutions
• Private & public transportation
• Last mile solutions
• Micromibility
• Energy management solutions and systems
• Energy recovery solutions
• Waste heat valorization
• AgriTech
INVESTMENT SCOPE

OPPORTUNITIES WITH INNOENERGY
Startups & Scale-ups
• 150 - 500kEUR
• For % equity
• Incubation - mentoring
USA Landing Program
Legal & IP Support
VC Community
InnoEnergy events
Business Developers Network
Access to Industrial Value Chains
InnoEnergy Interns
Industry partners & networking
Big Projects
• Up to 8mEUR
• International consortia
• Open call 2x per year

EIT InnoEnergy services for innovators
Value added
services to
mobilise
innovation
30
Market
intelligence
Customers and
growth
Technology
enhancement
Supply chain and
industrialisation
Governance
strategy
Regulation
Access to
human capital
Social acceptance and
citizen engagement
Access to
Finance
Innovator

EIT InnoEnergy services
Value added services to mobilise innovation
31
All of the innovations we support leverage off the following services and
expertise, which reduces their time to market, de-risks their innovation and
supports the development of commercially attractive solutions to empower a
sustainable energy future. On the following pages you will read about some of
2020’s most promising innovations and their successes.

www.innoenergy.com
What we do and how we support you 32
We provide comprehensive
support and services to help you
at every stage of the product
value chain, to enable the
transformation of innovative
ideas into marketable products
Our services go beyond
traditional funding mechanisms.
Because our goal is to ensure all
projects deliver a commercially
viable product, we don’t ‘fund
and run’. Instead we offer a
shared-risk model based on:
Our success is aligned with the success of each project. We invest in
individual innovation projects for up to three years and see a return only
once the new product is on the market and delivering value. All our
returns are re-invested in our next innovation projects.
COMMERCIAL
RELATIONSHIP
As research progresses, projects can change: new priorities can emerge,
timescales can shift or new partners may become interested. Our
financing agreements are based on real-world experience of R&D and
give projects the room to make changes where necessary
FLEXIBLE
FINANCING
The commercial value of an innovation lies not just in the first sale but
also in its intellectual property (IP) and on-going licensing agreements.
We make sure that the originators and developers of an idea retain
control of their IP and their stake in the future value of their product
SECURE IP
ENVIRONMENT
Our flexible management programme, business support mechanisms,
monitoring & reviews aid project management & administration, while
our partners among the top-rank players in Europe’s energy sector help
with technology improvements and access to customers and suppliers
ON-GOING
SUPPORT
Through our networks, we open-up access to a deep pool of essential
skills and resources, complementary research and expertise, and market
opportunities across Europe. Financing from InnoEnergy can also act as a
catalyst for further funding from a variety of public and private bodies
EUROPE-WIDE
ENGAGEMENT

Value chains
Structuring the energy value chain in Europe
33
European Green Hydrogen
Acceleration Centre
www.eba250.com www.eghac.com www.europeansolarinitiative.eu
Promotion and co-creation of industrial
projects across the value chain
Building connections with other industrial
and energy value chains
Acceleration of technology development
Stimulation of market growth
Societal acceptance
Addressing the skills gaps
Address the industrial challenge of
electrification of mobility and the energy
industry
Brings together more than 500 industrial
and innovation actors from mining to
recycling
Common objective to build a strong and
competitive European battery industry
Scaling up the solar PV industrial
ecosystem in Europe at the 2025 horizon.
Reaching a 20 GW annual production
capacity by 2025
Creating an additional 40B€ GDP annually
Creating 400,000 direct and indirect jobs