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    Revolutionary power electronics that cut carbon emissions

    An Italian startup developing power electronics, power conversion and wireless power is one of the world’s most innovative companies. Its energy efficient electronics could make big cuts in carbon emissions

    First signature
    EUR 15,000,000
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    € 15,000,000
    Italy : € 15,000,000
    Industry : € 15,000,000
    Signature date(s)
    18/11/2021 : € 15,000,000
    Link to source

    Summary sheet

    Release date
    11 May 2021
    Signed | 18/11/2021
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 18 million

    Eggtronic is an Italian start-up specialised in power electronics and, more specifically, in power conversion and wireless power. The company's technologies enable better energy efficiency and compactness in applications for consumer electronics, home appliances, data centers, electric and hybrid vehicles, smart grids and others.

    The objectives of the EIB financing are to support the company to mitigate the impact of the COVID-19 pandemic and to execute its growth investments, mainly in research and development (R&D) and commercial expansion.

    Additionality and Impact

    The project supports the policy objective of support for SMEs, as well as innovation and digitalisation by providing tailored venture debt financing to an innovative start-up in the area of developing power conversion/wireless power solutions and acting as a driver of innovation in the power electronics sector.

    The project entails positive knowledge spill-overs related to the development of energy efficient power conversion and wireless power applications in millions of devices, which enables significant reductions in power consumption and related greenhouse gas emissions, and hence strengthens the EU's innovative position in power electronics markets.

    EIB's financial contribution facilitates the SME's sustainable growth and helps to maintain its technological edge, despite the adverse economic conditions resulting from the COVID-19 outbreak. Furthermore, it provides a positive signalling effect to crowd-in further financing from private investors.

    Environmental aspects

    The project activities do not fall under the Annexes I or II of the EU Directive2014/52/EU amending the EIA Directive 2011/92/EU. The project will be carried out in existing facilities, already authorised, that will not change their scope due to the project. As such, the project activities are not subject to a mandatory Environmental Impact Assessment (EIA).

    The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and is thus not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.


    No issue

    Link to source
    Summary sheet


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - EGGTRONIC (EGF VD)
    Publication Date
    4 Sep 2021
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
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    News & Stories

    Inside the project

    How and Why

    Convenient for people, good for the planet


    • Current power converters for energy storage have limited efficiency, performance, cost and size
    • Challenges the intrinsic architecture of power converters to reduce switching losses
    • Make electronic devices as energy efficient as possible
    • Build smaller devices, from chargers for smartphones, to laptops, to converters for electric and hybrid vehicles


    • Eggtronic modified the architecture of the electronic circuit, to reduce switching losses
    • Performance of every transistor is boosted
    • Wireless power technologies from Eggtronic are thin and energy efficient, and capable of charging and supplying every device with total position freedom


    More power with less wasted energy

    Eggtronic wireless chargers are up to 95% efficient compared to 70% efficiency in traditional wired chargers

    • The world’s smallest and most efficient power adapter, with a charging time 50% lower than a standard adapter
    • Smaller carbon footprint, because of energy efficiency
    • The power supply unit for TV panels will save more than 40 million tons of CO2, equivalent to almost 600 million trees every year
    • Wireless chargers with 95% efficiency, meaning only 5% of power is lost compared to the 30% power loss of a charger with wires
    Power electronics is the invisible friend that makes the world work
    Igor Spinella

    founder and chief executive of power electronics firm Eggtronic

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    Energy efficient electronics

    Eggtronic’s devices are good for the climate and could be scaled up for various applications such as charging electric vehicles.

    Eggtronic was founded in 2012 in Modena. At the time it had a handful employees working in a garage. But the founder’s inventions were credited with revolutionizing power electronics to the point that in 2019 Tom Tom, a Dutch multinational, invested in the company. Today Eggtronic has more than 70 employees and already filed 340 patents.

    Eggtronic will use the financing to invest in research and development for products that are potentially important to Europe’s climate goals, such as ways to store energy (pumped hydroelectric, compressed air, and flywheels).

    Eggtronic has come up with very innovative products in an area with a lot of potential
    Fabrizio Morgera

    the European Investment Bank investment officer who worked on the loan

    Energy storage and power converters


    Energy storage innovation could be a “game-changer” on the path to net-zero emissions.

    Power converters are the backbone of every energy storage system where they are used to handle the bidirectional flow of energy to and from the storage system.

    From 10W to 10+kW, Eggtronic’s converters for energy storage increase energy efficiency and reduce component counts, helping to achieve global carbon neutrality.

    The development and production of batteries is essential for the clean energy transition as they are a key enabling technology for low-emission mobility, as well as for stationary energy storage.

    In the long term, batteries are expected to play a significant role in managing the variability of renewable energy generation sources such as wind and solar. They will store electricity during periods of excess production and then discharge it when demand is high. Let’s see how

    The EIB loan is helping us to look forward to the future again
    Igor Spinella

    founder and chief executive, Eggtronic

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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