The energy transition needs bold moves - and Rockstart is not afraid of making them.

That’s why we’re excited to share this milestone: Penomo is joining the Rockstart Energy Fund portfolio – making us one of the few Real World Asset (RWA) ventures in infrastructure finance backed by institutional energy capital.

This is not just an investment. It’s a signal that tokenization is moving beyond early adoption and into the heart of mainstream infrastructure finance.

Why Rockstart?

Rockstart's Energy Fund backs unconventional founders with skin in the game. Since launching in 2011, they have invested in more than 350 startups, helping to create alumni value of over $1 billion.

Their Energy Fund, launched in 2020 and successfully closed at €27 million, is on a mission to support 50 energy startups across Europe, helping them scale solutions that drive the energy transition.

Rockstart works alongside leading global and European players such as Shell, Ørsted, Alliander, CEZ Group, Eneco, and ABP (Dutch pension fund).

So why is this the right fit for Penomo? Because the energy transition requires more than capital - it requires alignment, long-term backing, and a network of believers driving innovation forward.

As our co-founder & CEO, Jasvir Dhillon, explains:

“Rockstart offers more than funding; it is a strategic alignment on the bold innovation needed to rewire infrastructure finance for the global energy transition.”

Why Penomo?

Rockstart chose to partner with us for an important reason: the €4.5 trillion financing gap in the global energy transition. This bottleneck is one of the biggest barriers to scaling renewable infrastructure, especially for mid-market projects overlooked by traditional finance.

Here’s how Penomo unlocks this challenge:

1. Tokenization → turning renewable infrastructure into liquid, investable assets

2. AI-driven credit assessment → speed and intelligence in underwriting and structuring

3. Real-time asset monitoring → transparency and efficiency for lenders, investors, and originators

🤖 A unified credit operating system → seamless management of complex credit workflows

The Managing Partner at Rockstart Energy, Max ter Horst leads Rockstart’s €27m Energy Fund. He formerly led key initiatives at McKinsey, played a pivotal role in Essent’s wind energy expansion prior to its €9.3bn acquisition by RWE, and managed finance and strategy at EWT (the largest Dutch wind OEM).

Here’s what Max had to say on the investment:

“The €4.5 trillion energy-transition financing gap is a major bottleneck to climate goals, especially for small to mid-sized renewable infrastructure. Traditional processes are slow, opaque, and structurally unfit for this long-tail.

Penomo makes energy infrastructure finance faster and more accessible by combining tokenization, real-time asset monitoring, and AI-driven credit assessment to turn projects into liquid, investable assets delivered through a unified infrastructure credit operating system. We're excited to back this commercially and technologically strong team as they unlock the next wave of climate infrastructure through programmable capital and digital asset markets.”

What’s Next for Penomo

Together with Rockstart, we’re preparing to expand across three key fronts:

• Accelerate and deepen market penetration.

• Shape our product with guidance from top-tier mentors and advisors.

• Scale our impact with a partner who understands the unique challenges of clean energy infrastructure finance.

At the end of the day, our goal is - to increase private credit velocity and accessibility into critical energy infrastructure.

Final Word

Joining Rockstart’s Energy Fund is a leap forward for the application of digital asset markets in climate infrastructure

We’re only just getting started. With Rockstart by our side, the next chapter of energy finance is about to unfold.

👉 Explore how Penomo is unlocking new financing pathways for the energy transition. Get in touch with us today.