Brussels-based startup Pleevi has raised €1 million to expand its AI-driven smart EV charging technology across Europe in its ambition to manage 25k charging points by 2027 🇧🇪 🚘 The funding round saw contributions from Angelwise, Seeder Fund, Noshaq Energy, QBIC III Fund, and Angel investor Loïc Bar. “The unique aspect of Pleevi is that our entire charging process is not only based on real-time information but also incorporates what the next hours will bring,” explains Wout Lagae, Co-founder and CEO of Pleevi. “By forecasting energy flows 24 hours ahead, Pleevi’s AI-driven optimisation ensures efficient energy usage without overloading the grid. For instance, on a sunny morning, we can account for abundant solar energy expected later in the day, as well as wind energy forecasts. Our algorithm also factors in the energy needs of the main building on a given day. This helps determine how much energy will be available for charging infrastructure. On a Friday, when many employees work from home, the capacity will differ significantly from a busy Tuesday when high energy demand is required both in the parking area and the building. This allows us to offer not only cheaper but also greener charging sessions.” https://lnkd.in/dmswmUkN
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Tallinn’s Gridio attracts €2.4M to integrate EVs and solar into electricity markets Tallinn-based Gridio has raised €2.4 million in a seed round led by NeoKapital, with backing from Encevo , SmartCap, Renergy, and existing investors. The company develops software that connects electric vehicles, solar panels, and home batteries to electricity markets, allowing users to adjust energy consumption based on price fluctuations and grid demand. The new funding will support Gridio’s expansion across Europe, focusing on increasing its user base and offering its technology to energy providers looking for ready-made smart charging solutions. https://lnkd.in/dUHvX4qY #balticmade #estonia #startups #funding #climatetech #cleantech #greentech #mobility #evcharging #trending
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Hybird Energy, a Copenhagen-based startup developing intelligent electrical panels, today announced it has secured €2.4 million in new funding to tackle Europe’s energy crisis 🇩🇰 🚀 The round is co-led by BackingMinds, a Swedish early-stage venture capital firm, and Transition VC, a UK-based Climate VC, who are joined by existing investors 2degrees, a private investment company in Copenhagen and the family office for a Co-founder of Urban Partners and EIKON Capital. “With the proceeds from this round, we will accelerate our rollout and capture an underserved market with massive potential, commercially and help solve one of the biggest problems of our generation. In the near future Hybird not only cut costs and reduce CO2 emissions for our customers, we become an important component in helping balance the grid, makes it possible to effectively utilize greater parts of the existing electricity grid,” says Søren Holkenfeldt Behrendt Berg, CEO & Co-founder of Hybird. https://lnkd.in/dV-FvH6Q
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Breaking Barriers in Energy Storage! Cancrie , co-founded by Akshay Jain and Mahi Singh, has raised a massive $12 million in its seed funding round! This milestone highlights Cancrie’s innovative work in nanocarbon-based energy storage, a technology poised to revolutionize renewable energy solutions. This funding will supercharge their R&D, scale production, and bring their breakthrough technology to global markets. With a vision for a cleaner, greener future, Cancrie is leading the way in transforming how we store and use energy. Let’s cheer for their innovation and contribution to sustainability! Read More - https://lnkd.in/gCmYFy-A #Cancrie #EnergyStorage #NanocarbonTechnology #Sustainability #Innovation #CleanEnergy #Startups
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Paris-based ZE Energy secured €54 million to offer environmentally responsible solutions: Paris-based ZE Energy, an independent producer of renewable energy specializing in Battery Energy Storage Systems (BESS), has raised €54 million in a funding round led by Amundi Transition Énergétique. The investment brings new stakeholders to ZE Energy, including Amundi’s Core+ infrastructure funds and Demeter’s Climate Infrastructure Fund, a notable player in energy transition financing. Existing […] The post Paris-based ZE Energy secured €54 million to offer environmentally responsible solutions appeared first on EU-Startups. #startupnews #startups
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Fusebox, a Tallinn-based energy flexibility provider, secures €2.6 million to scale its SaaS platform, helping utilities and industries integrate renewables and reduce energy imbalances.Estonian startup Fusebox has secured €2.6 million in funding to expand its SaaS platform, which helps power utilities and industrial companies integrate renewable energy solutions. #energyflexibility #Europe #RenewableEnergy #SaaS #startups
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The Australian Renewable Energy Agency (ARENA) and Innovation Bay have invited early-stage #founders in the #renewables, #cleantech and #climatetech sectors to apply to be featured at the ARENA Renewables Startup Showcase, which is returning for a fifth year in 2024. The #event aims to connect Australia’s most promising #startups with Australia’s elite #investment #community, including leading #angelinvestors, and the #VentureCapital, #privateequity and corporate VC community. The objective of the #showcase is to create the #connections needed to supercharge future #growth in the sector. Start-ups that have previously been featured at the Showcase include Hysata, 5B, RayGen, MGA Thermal, Infravision, Renewable Metals, Sicona Battery Technologies and Novalith. ARENA CEO, Darren Miller, said said that the work that startups are doing in the #renewableenergy and #climatechange sector is of critical importance if Australia is going to achieve its goal of #netzero #emissions. Innovation Bay CEO and Co-Founder, Phaedon Stough, said, “We’re incredibly proud to continue this long-standing #partnership with ARENA."
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Finnish startup secures €1 million to advance fossil-free industrial heat solutions Tampere-based startup TheStorage secured €1 million in funding from 2C Ventures and Superhero Capital to develop its sand-based thermal energy storage technology, which aims to decarbonize industrial heat. The company’s system stores renewable energy as heat, enabling a stable supply of fossil-free industrial heat, even during periods when renewable energy generation is low. The funding will be used to construct a proof-of-concept system, which will be tested with industrial customers to demonstrate its ability to meet various heat requirements, supporting the transition to cleaner energy in the industrial sector. https://lnkd.in/d42i47Nz #funding #nordicmade #finland #renewableenergy #cleantech #sustainability #startups #energyefficiency #trending
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🚀 Revolutionizing the Grid with Smart Energy Solutions 🌱 As the demand for renewable energy integration skyrockets, startups like Axle Energy are not just keeping pace but are actively redesigning how energy markets operate. With a significant $9M seed funding led by Accel, Axle is pioneering the connection of everyday energy assets—think electric vehicles and home batteries—to the energy grid in ways previously unimagined. 🔌 What This Means for Your Business: - 💡 Smarter Energy Use: Axle's tech allows small asset owners to contribute to grid stability and earn rewards, making smart energy use directly beneficial. - 🌍 Eco-friendly Innovations: Each integration supports a greener grid, reducing reliance on fossil fuels. 🌟 Benefits for Startups and Small Businesses: - 🔄 Flexibility: Engage in energy markets previously accessible only to large players. - 💸 Monetary Incentives: Gain financial returns from participating in energy balancing, which can offset other operational costs. 🔗 Transforming Challenges into Opportunities: The energy sector's complexities might seem daunting, but with innovations like Axle's, small businesses can turn energy management into a strategic advantage. Not only does this support sustainability, but it also aligns with global shifts towards more accountable energy consumption. For detailed insights on how Axle Energy is spearheading this sustainable shift: https://lnkd.in/gxNFp89x #SustainableEnergy #Startups #TechInnovation This post was generated by an AI. Please contact us for more information.
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🌱 16 Energy Software Startups Transforming the Industry 🌍💡 Investors have spotlighted European startups leveraging software to address energy challenges, from grid balancing to real-time trading of green energy. Among those making waves: Overstory (Netherlands) for wildfire prevention, Plexigrid (Sweden) for grid optimization, and Enode (Norway) connecting EVs and batteries to grids. These ventures are part of a booming sector revolutionizing energy management and supporting the clean transition. Explore more from the Sifted article below>>> #EnergyInnovation #CleanTech #GreenEnergy #GridManagement #EnergyTransition
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#German startup etalytics has successfully raised €8 million in its latest Series A funding round led by Alstin Capital for its #AI-powered energy solutions, with significant contributions from ebm-papst as co-lead and TF H IV 🇩🇪 💡 Dr. Andreas Schenk, Principal at Alstin Capital, expressed enthusiasm for etalytics’ innovative solutions: “etalytics provided the much-needed solution for sustainable, effective and future-oriented energy management in the industry. We were particularly impressed by the fact that the AI – based software analyses all components in an operation and independently adapts to external conditions (temperature, energy prices). It was also crucial for us that the complex reporting requirements of the Energy Efficiency Act for data centres are taken into account. We are very proud to accompany and support the experienced etalytics team on this journey.” The funding will enable etalytics to expand its AI-powered energy management solutions, accelerate product development, and strengthen its international market reach. https://lnkd.in/dhEh7NcQ
