A Milestone for Austrian Innovation and Europe’s Energy Future
BlackSwan Capital proudly congratulates Emerald Horizon AG on its successful listing on the Vienna Stock Exchange.

The IPO marks a defining milestone in the company’s development and stands as a testament to years of innovation, entrepreneurial vision and disciplined execution. We extend our sincere congratulations to CEO Florian Wagner, Philipp Pölzl, Mario Müller, the Supervisory Board and the entire Emerald Horizon team on this outstanding achievement.

We are especially proud that BlackSwan Capital Senior Managing Partners Martin Wolfram Steininger and Stefanie L. Wurzer were invited by CEO Florian Wagner to attend the official bell-ringing ceremony at the Vienna Stock Exchange. Witnessing this historic moment firsthand was both an honour and a powerful reminder of what visionary leadership and consistent execution can achieve.
For BlackSwan Capital, it is a privilege to accompany Emerald Horizon as Strategic Advisor on this exciting journey.
Transforming the Energy Landscape
The global energy transition requires more than simply increasing renewable energy generation. It demands intelligent technologies capable of storing energy efficiently, stabilising electricity grids and ensuring reliable, carbon-free power around the clock.
Emerald Horizon has positioned itself at the forefront of this transformation.
Its innovative DUALstore PLUS platform combines LFP battery technology, molten-salt thermal energy storage and artificial intelligence into a highly integrated energy storage solution. By intelligently combining electrical and thermal storage, renewable energy can be stored more efficiently and delivered precisely when needed, helping overcome one of the greatest challenges of wind and solar power: intermittency.
Complementing this approach is ADES, Emerald Horizon’s advanced thorium-based microreactor concept. Designed to provide safe, scalable and CO₂-free baseload electricity, ADES represents a next-generation approach to nuclear technology and has the potential to become an important building block of tomorrow’s resilient energy infrastructure.
Together, these technologies form a compelling vision for a future where renewable energy, intelligent storage and innovative baseload solutions work hand in hand to provide affordable, secure and sustainable electricity.
BlackSwan Capital’s Role
BlackSwan Capital is proud to support Emerald Horizon as a Strategic Advisor in several key strategic areas.
Our mandate includes advising the company on the raising of equity and debt capital, connecting Emerald Horizon with international institutional investors, strategic financing partners and capital providers.
Beyond capital markets, we support the company in building strategic partnerships, expanding its international business network and accelerating the global commercialization and distribution of Emerald Horizon’s technologies and products.
With our international presence across Europe, the Middle East, Asia-Pacific, Africa and the Americas, BlackSwan Capital is committed to helping visionary companies transform groundbreaking technologies into global commercial success stories.
A Partnership Built on Trust
The partnership is further reinforced by Ing. Norbert Hofer, Head of the BlackSwan Council and Senior Vice President Communication at Emerald Horizon.

As a former Federal Minister for Transport, Innovation and Technology of the Republic of Austria, former Third President of the Austrian National Council, and one of Austria’s best-known public figures, he contributes invaluable experience in strategic communication, public affairs and stakeholder engagement to Emerald Horizon’s international growth strategy.
This close alignment reflects the mutual trust between Emerald Horizon and BlackSwan Capital and underlines our shared commitment to long-term value creation, transparency and responsible corporate development.
Looking Ahead
The successful IPO represents far more than a stock market listing.
It provides Emerald Horizon with a strong platform for its next phase of growth while demonstrating that Austrian innovation has the potential to compete on the international stage. As global demand for reliable, scalable and sustainable energy solutions continues to accelerate, companies capable of combining technological excellence with commercial execution will shape the future of energy.
At BlackSwan Capital, we are proud to be part of this journey.
We congratulate Florian Wagner, Philipp Pölzl, Mario Müller, the Supervisory Board and the entire Emerald Horizon team on this remarkable achievement and wish them every success as they write the next chapter of the Emerald Horizon story.
Congratulations on this outstanding milestone.
About BlackSwan Capital
BlackSwan Capital is an independent international corporate finance and strategic advisory firm headquartered in Vienna. The company advises entrepreneurs, technology companies, project developers, institutional investors and family offices in the areas of energy transition, infrastructure, data centres, real estate, natural resources and strategic corporate finance.
Operating across Europe, the Middle East, Asia-Pacific, Africa and the Americas, BlackSwan Capital combines deep industry expertise with an extensive international network to support clients in raising capital, building strategic partnerships and executing complex cross-border transactions.
When capital is critical, execution matters.

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