on EURAZEO (EPA:RF)
Eurazeo Acquires Majority Stake in SMP Energies for Geothermal Push
In June 2025, Eurazeo announced its majority acquisition of SMP Energies through the Eurazeo Planetary Boundaries Fund (EPBF). This marks EPBF's second investment post its initial close in March 2025. SMP Energies, renowned in France for geothermal drilling, aims to become the European leader in deep geothermal and decarbonized solutions under Eurazeo's support.
Geothermal energy in Europe reached approximately 8TWh in 2023 and is projected for significant growth due to favorable regulations and its continuous availability. The demand is particularly high in district heating, industry, and agriculture. EPBF plans to accelerate SMP's growth through organic investments and a buy-and-build strategy, aligning with their aim to mitigate climate change and pollution impacts.
Fabien Lemesnager, CEO of SMP Energies, expressed enthusiasm about the partnership, which is set to bolster SMP's industrial and technological capabilities, positioning it as a key player in the energy transition.
R. P.
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