Calderion – The Deep tech Venture Fund releasing the potential of Next Generation Fuels

Industrial and Technological Venture Capital Fund building the value<br> chain of Next Generation Fuels

PARIS, FRANCE

OUR MISSION

Leverage on tech entrepreneurship
to make Next Generation Fuels

as competitive as fossil-based hydrocarbons

Sustainable industries

Low carbon H₂ & Syngas

to decarbonize refineries, NH3 or steel

CO₂ capture

point of source capture for gas power plants or cement

Roughly 20% of global emissions cannot be tackled via electrification. The Energy Transition & Sovereignty calls for more than clean electrons: it calls for Clean Molecules.

Our answer?
An industrial and technological build up of the Clean Molecules Value Chain

united by the same competitive green molecules.

Disrupt

Investing in innovative technologies and industrial approaches that can move the needle

Geological
Hydrogen

White & Orange

Current cost:

N/A

2030 Target:

<1€/kg

NEW EXPLORATION TECHNOLOGIES

PROSPECTION

STIMULATION

NEW EXTRACTION TECHNOLOGIES

Turquoise
Hydrogen

Methane Plasmalysis

Current cost:

N/A

2030 Target:

<2,5€/kg

NEXT GEN BIOMETHANE

DRY METHANE REFORMING

PLASMACATALYSIS

PLASMALYSIS

Emerald
Hydrogen

Thermo-catalysis

Current cost:

N/A

2030 Target:

<1,5€/kg

BIOMETHANE NEXT GEN

DRY METHANE REFORMING

PLASMACATALYSIS

PLASMALYSIS

Optimize

Investing in technologies to improve economics or footprint of existing H₂ supply routes

Green Hydrogen 2.0

Next Gen Electrolyzers

Current cost:

6-8€/kg

2030 Target:

<4€/kg

NON-PGM CATALYSTS

NEXT GEN MEMBRANES

Advanced Manufacturing

NEXT GEN DESIGN

Blue
Hydrogen

Current cost:

3-4€/kg

2030 Target:

<3€/kg

GAS RECOVERY

CARBON CAPTURE

Integrate

Closing the carbon loop turning
CO₂ into use

e-methanol

Current cost:

1€/kg

2030 Target:

<0,5€/kg

e-kerosene

Current cost:

3,5€/kg+

2030 Target:

<2€/kg

C02 Capture

to Molecules

Current cost:

150€+/ton

2030 Target:

<50€/ton

CO2 SEPARATION MEMBRANE

METAL ORGANIC FRAMEWORKS

CARBONATE LOOPING

CARBON TO MOLECULES

eLECTRO-CHEMICAL Synthesis

THERMOSYNTHESIS

Calderion's Road Map

Geological
Hydrogen

Turquoise
Hydrogen

Emerald
Hydrogen

Green
Hydrogen
2.0

Blue
Hydrogen

2025

Bn€ /year^*

~ 0

Low-Carbon Hydrogen for Heavy Industry

e-Methanol

e-Kerosene

2025

Bn€ /year^*

~ 0

Synthetic Fuels for Heavy Mobility

Carbon to
Molecules

2030

Bn€ /year^*

~ 0

CO2 Capture for Heavy Industry

^*Calderion estimates

Our answer? An industrial and technological build up of the Clean Molecules Value Chain

united by the same competitive green molecules.

Disrupt

Investing in technologies to improve economics or footprint of existing H₂ supply routes

GEOLOGICAL HYDROGEN

Current cost: N/A
2030 Target: <1€/kg

Turquoise Hydrogen

Current cost: N/A
2030 Target: <2,5€/kg

Optimize

Investing in technologies to improve economics or footprint of existing H₂ supply routes

GREEN/EMERALD HYDROGEN

Current cost: 6-8€/kg
2030 Target: <4€/kg

BLUE HYDROGEN

Current cost: 3-4€/kg
2030 Target: <3€/kg

Integrate

Closing the carbon toop turning
CO₂ into use

CARBON TO MOLECULES

CO₂ Capture current cost: 100€+/ton
2030 Target: <50€/ton

2025

Bn€ /year^*

c. 0

H₂ for industry

2025

Bn€ /year^*

c. 0

Syngas & CO₂ Capture

2030

Bn€ /year^*

c. 0

e-Methanol & e-SAF

^* Calderion estimates

To guide Calderion
we have carried out extensive preparatory work:

Interviews with industry players

0 +

technologies studied

0 +

startups examined

0 +

Why us?

We are entrepreneurs... for entrepreneurs

We take a founder-friendly approach, choosing to believe in a few exceptional founders to do their job better than anyone else

We have industrial DNA

Our advantage comes from bridging financing and industrial expertise, and applying that to a space currently underserved by high-quality capital

We are supported by Audacia

20 years of experience in Private Equity and Deep Tech Funds launched notably with Quantonation, Expansion

We take a reverse-approach towards value creation starting from technologies & value chain to bring industrial products to the market & generate financial and environmental return

PORTFOLIO

Where we have invested

Targeted Entry stage : Seed/Series A (equivalent TRL 4 to TRL 7), 1st Ticket Size : 0.3 to 2m€; Geographical coverage : Europe 75% / Rest of the World 25%

Company portfolio invested in versus total fund target:

20%

Status of deployment of our Industrial & Technological Roadmap:

39%

TEAM

Meet our leadership: