Energy · Portugal, India

Best Energy Companies in Portugal

Updated 2026-06-22 · Ranked by funding & momentum

82 indexable Energy companies headquartered in Portugal, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $739M across 7 funded companies.

82
Companies
$739M
Total Funding
7
Funded
0
Unicorns
0
Rounds (90d)

Ranked: Best Energy companies in Portugal

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Bling
Provider of solar energy solutions for residential installations without initial investment
$3.3M Public Series A Aug 2025 2022 ↑ Active
2 TagEnergy
Provider of energy generation services
$485.6M Series D Conventional Debt Oct 2023 2019
3 ReGa Energy
Provider of renewable gas
$85.6M Series C Jul 2023 26 2021
4 Floene
Distributor of medium and low-pressure gas
$152.9M Late Stage Jul 2016 196 1847
5 Rvesol
Manufacturer of solar powered products
$3.5M Series A Series A Jun 2020 2010
6 Magpower
Manufactures CPV and develops fuel cells
$7.9M Series A Series A Jan 2011 110 2002
7 Heaboo
A passive device for the stagnation temperature correction of hot water distribution systems in buildings.
$111.1K Seed Jan 2020 9 2015
8 Finerge
Provider of construction & development of wind farms and solar PV plants produce renewable energy
Funding Raised Unattributed Aug 2023 124 1996
9 Efacec
Provider of integrated solutions for energy and mobility sectors
Acquired Grant (prize money) Jan 2023 75 1948
10 WavEC
Developer of wind energy projects
Funding Raised Grant (prize money) Feb 2022 2003
11 Martifer
Provider of metallic constructions, shipbuilding and renewable energy projects
Funding Raised Grant (prize money) Dec 2021 1990
12 EDP
Producer of wind, gas, and electricity sectors
Funding Raised Grant (prize money) Sep 2021 11,657 1976
13 Galp
Oil and gas exploration, production, and distribution company
Public Grant (prize money) May 2021 6,389 1999
14 EDP
Energy company
Public Grant (prize money) Dec 2020 11,657 1976
15 Beon Energy
Manufacturer of solar powered electronics product
Funding Raised Sep 2017 11 2009
16 Goldenergy
Natural gas and electricity supplier
Late Stage Sep 2015 174 2008
17 Ibero Massa Floresta
Developer and supplier of biochar for domestic and commercial clients
Series A Jun 2015 2011
18 Arquiled
LED lighting products
Late Stage Jun 2013 60 2005
19 Martifer Solar
Developer of solar power solutions
Acquired Mar 2012 300 2006
20 Amnis Pura
Manufacturer of fuel cells
Unfunded 3 2018
21 Azul (Portugal) Private 7
22 Bilobite Engenharia Private 5 1998
23 biovegetal
Biovegetal is a renewable energy company that produces and distributes biodiesel.
Acquired 12 1997
24 Blueoasis
Developer of sustainable ocean solutions and renewable energy technologies
Unfunded
25 Builtrix
Provider of energy management consulting services
Funding Raised 4 2018
26 cabelte
Cabelte specializes in the manufacturing of automotive wires, optical fiber cables, power, electrical, and telecommunication cables.
Private 192 1938
27 Capwatt
Developer of non-renewable energy based power projects
Funding Raised 200 2005
28 cheto
Cheto develops deep-hole drilling and milling machine tools for the mold-making and energy industries.
Private 44 2009
29 cirelius
Cirelius specializes in the import and distribution of materials for natural gas, water heating, vacuum, and solar thermal systems.
Acquired 60 1996
30 CJR Renewables
Provider of EPC solutions for the solar and wind sector
Unfunded 715 2002
31 CLC
Oil products transportation company
Deadpooled 1994
32 CME - Construção e Manutenção Electromecânica
Uma referência globalO Grupo ProCME é constituído por empresas que desenvolvem atividade no âmbito da engenharia com forte componente tecnológica.As empresas do Grupo ProCME participam no desenvolvimento de setores chave da economia, designadamente infraestruturas e energia, decisivos para o progres
Private 818 1983
33 Cunha Soares Private 29 1984
34 Digal
Provider of gas distribution and renewable energy solutions
Unfunded 3 1979
35 ecochoice
Ecochoice is pioneer in providing engineering and creating the best solutions for achieving sustainability in construction.
Private 7 2007
36 Edigreen Private 5 2012
37 ENDIPREV
Engineering and maintenance service provider for wind farms
Acquired 332 2009
38 Eneida
Eneida is an engineering company that produces a huge range of industrial instrumentation, power, and communications online.
Unfunded 62 2005
39 Enlitia
Provider of AI-powered asset performance management and monitoring solutions for renewable energy
Funding Raised 2023
40 Ewen Energy
Developer of electricity transmission based utility projects
Acquired 19 2004
41 Ferbgas
Biomethane producer specializing in converting organic substrates into renewable natural gas
Acquired 2019
42 Fisola Acquired 100 1976
43 Gascan
Propane gas distribution company
Acquired 57 1993
44 Gasodata
Provider of multiple equipment and services for oil and gas industries
Acquired 80 1988
45 grow energy
Grow Energy is a solar energy company that provides photovoltaic plants and renewable energy services.
Private 8
46 Hyperion
Developer of solar energy based projects
Unfunded 2006
47 Iberwind
Wind power developer
Acquired 50 2008
48 IrRADIARE Private 22 1995
49 Jayme da Costa
Developer of electricity transmission based utility projects
Funding Raised 123 1916
50 João Jacinto Tomé Acquired 56 1950

Top 12 Energy companies in Portugal

#1
Bling Public
$3.3M Raised
expand_more
location_onLisboa, Lisboa
Founded
2022
Funding raised
$3.3M
Stage
Public

Bling Energy is a privately held company operating in the energy storage industry. They offer turnkey solar installation services without the need for an initial investment.

Founders & key people
Tech stack
algoliabubblecloudflarecontact form 7contentsquarecookiebot+14
#2
TagEnergy Series D
$485.6M Raised
expand_more
location_onLisbon, Lisbon
Founded
2019
Funding raised
$485.6M
Stage
Series D

Provider of energy generation services

Founders & key people
Tech stack
anime.jscloudflarecloudflare bot managementflickitygoogle font apigsap+14
#3
ReGa Energy Series C
$85.6M Raised
expand_more
location_onLisbon, Lisbon
Founded
2021
Employees
26
Funding raised
$85.6M
Stage
Series C

Provider of biomethane and green hydrogen to cement, glass, ceramics, chemicals and steel industries. The company develops, finances, builds, owns and operates plants, helping heavy industries decarbonize through direct delivery or renewable gas purchase agreements.

Tech stack
animate.cssanime.jscomplianzfancyboxgoogle analyticsgoogle font api+14
#4
Floene Late Stage
$152.9M Raised
expand_more
location_onLisbon, Lisbon
Founded
1847
Employees
196
Funding raised
$152.9M
Stage
Late Stage

Distributor of natural gas-focused on managing the medium and low-pressure gas distribution network in Portugal. The company operates regional distribution networks to offer clean, efficient, economical and safe natural gas to customers, thereby decarbonizing energy consumption and energy transition and helping the country to transition towards a low-carbon economy.

Founders & key people
Tech stack
animate.cssanime.jsbootstrapcdnjscloudflarecontact form 7+14
#5
Rvesol Series A
$3.5M Raised
expand_more
location_onLeiria, Leiria District
Founded
2010
Funding raised
$3.5M
Stage
Series A

KUDURA is a minigrid solutions that has been developed for rural areas that is an integrated clean energy and water solution that provides renewable electricity and biogas, potable water and organic fertiliser. The entire system consists of a hybrid Solar Photovoltaic plant, a Biogas and organic fertiliser plant, a Water Purification plant and a Central Monitoring unit to monitor and manage the entire operations of t

#6
Magpower Series A
$7.9M Raised
expand_more
location_onAgualva Cacem, Lisbon
Founded
2002
Employees
110
Funding raised
$7.9M
Stage
Series A

Magpower manufactures CPV solar modules and trackers, and is expanding the manufacturing capacity to an annualized run rate of 54MW by the end of 2013. The company also develops Magnesium Air Fuel Cell (“MAFC”) and related products. MAFC power creates an electro-chemical reaction that produce power without self-discharge and the harmful toxins.

#7
Heaboo Seed
$111.1K Raised
expand_more
location_onAveiro, Aveiro District
Founded
2015
Employees
9
Funding raised
$111.1K
Stage
Seed

Manufacturer of an electric appliance intended to facilitate stagnation temperature correction. The company's device permits the correction of hot water distribution systems in buildings and also completes audits and energy certification of buildings relating to ventilation and air conditioning, enabling contractors to check the energy and water efficiency of the building.

Founders & key people
Tech stack
wordpressmysqlphpnginx
#8
Finerge Funding Raised
124 Employees
expand_more
location_onMatosinhos, Porto District
Founded
1996
Employees
124
Stage
Funding Raised

Provider of construction & development of wind farms and solar PV plants produce renewable energy

Founders & key people
Tech stack
alpine.jsaoscookiebotgoogle analyticsgoogle tag managergsap+9
#9
Efacec Acquired
75 Employees
expand_more
location_onPorto, Distrito Do Porto
Founded
1948
Employees
75
Stage
Acquired

Provider of integrated solutions for energy and mobility sectors. The company delivers systems for automation, switchgear, railway, metro, and electric vehicle charging. The company offers solutions that meet the evolving needs of the markets. The company designs and supplies telematics and signaling systems.

Tech stack
wordpressmysqlphpubuntuyoutubebootstrap+14
#10
WavEC Funding Raised
expand_more
location_onLisbon, Lisbon
Founded
2003
Stage
Funding Raised

Developer of wind energy projects

Investors
Tech stack
apache http serveraxiosgoogle analyticsjqueryjsdelivrmailchimp+6
#11
Martifer Funding Raised
expand_more
location_onOliveira de Frades, Viseu District
Founded
1990
Stage
Funding Raised

Martifer is a multifunctional industrial group. The company constructs industrial building/plants, metallic equipment, and more. Also develops renewable energy plants. Services include construction management, asset management, O&M and others. Claims to have 250MW+ of solar and wind portfolio in operation. Developed over 1000MW of projects in places like Latin America, Iberian Peninsula and Central Europe. Has steel

Investors
Tech stack
cdnjscloudflarecore-jshstshttp/3lottiefiles+9
#12
EDP Funding Raised
11,657 Employees
expand_more
location_onLisbon, Lisbon
Founded
1976
Employees
11,657
Stage
Funding Raised

In 2022, the company recorded annual revenues of $21.89B and a net profit of $0.71B

Tech stack
acquia cloud platformamazon cloudfrontamazon web servicesaosapache http serverapple icloud mail+14

Recent signals in Portugal Energy

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Funding & investor landscape

Total raised
$739M
across these companies
Companies funded
7
with disclosed funding
Highest-funded
$485.6M raised

Most active investors

Europa Europa 7 investments in Energy EIT InnoEnergy EIT InnoEnergy 3 investments in Energy PME Investimentos PME Investimentos 3 investments in Energy EDP EDP 2 investments in Energy Explorer Investments Explorer Investments 2 investments in Energy Portugal Ventures Portugal Ventures 2 investments in Energy AXA Investment Managers AXA Investment Managers 1 investment in Energy Acumen Acumen 1 investment in Energy Armilar Venture Partners Armilar Venture Partners 1 investment in Energy Axpo Axpo 1 investment in Energy Beta-i Beta-i 1 investment in Energy BlueCrow BlueCrow 1 investment in Energy

Notable founders in Portugal Energy

BF Bernardo Fernandez Founder Bling · $3.3M raised
JV Jacques Veyrat Co-Founder TagEnergy · $485.6M raised
TC Thomas Carrier Founder & CEO ReGa Energy · $85.6M raised
GS Gabriel Sousa CEO Floene · $152.9M raised
VV Vivian Vendeirinho Founder & Managing Director Rvesol · $3.5M raised
Rui Teixeira Rui Teixeira Founder & MD Heaboo · $111.1K raised
RO Ryann O Co-CEO Efacec
JM Jorge Martins CEO & President Martifer
RR Rui Rod Co-Founder Beon Energy

Frequently asked questions

How many Energy companies are there in Portugal?
Radar tracks 82 indexable Energy companies headquartered in Portugal that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Portugal?
The Energy companies in Portugal on this list have raised a combined $739M in disclosed equity funding across 7 funded companies.
Which is the highest-funded Energy company in Portugal?
TagEnergy is the highest-funded Energy company in Portugal, with $485.6M in disclosed equity funding.
How many Energy companies in Portugal are funded?
7 of the 82 Energy companies in Portugal on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Portugal?
None of the Energy companies in Portugal on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Portugal Energy companies?
The most active investors in Portugal Energy companies on this list include Europa, EIT InnoEnergy, PME Investimentos, EDP, Explorer Investments.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.

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