VERBUND’s Post

🚀 VERBUND X Ventures Invests in Energy Management Startup Reduxi - AI Electricity Control! 🚀 We are excited to announce that VERBUND X Ventures has made a strategic investment of 1.56 million euros in Reduxi GmbH. With this investment, VERBUND secures approximately 11.05% of the company's shares, thereby strengthening its position in the field of intelligent energy systems. Acex Ltd. is also participating as Co-Investor to support Reduxi's growth. Reduxi offers intelligent energy management systems for households and small businesses. Their main product, the Reduxi Controller, automatically optimizes electricity consumption and ensures balanced grid loads, which enhances grid stability and reduces energy costs. "Intelligent energy management systems are an important step towards improving grid stability and optimising our customers' energy consumption. This supports our strategy and our vision of investing in technologies that promote the transition to sustainable energy systems," says Michael Strugl, CEO of VERBUND. We are proud to be part of this exciting journey and look forward to shaping the future of home energy management together with Reduxi! More information can be found in the press release: https://bit.ly/3SfNxsP #energytransition #investment #energymanagement #innovation #verbundxventures #sustainability #verbundx

#Dutch Startup #tiboenergy Secures €3 Million in Seed #Funding. SET Ventures led the round with participation from Speedinvest and members of the tibo energy founding team. This round of funding will be used by tibo energy to expand its sales, marketing, and #development teams to enhance the product and drive national and international #growth. The demand for smart energy management is #growing worldwide. Many commercial and industrial (C&I) companies are responding to the #limitation of national energy grids by increasing their ability to generate electricity on-site via assets like solar panels, heat pumps, and #batteries. However, as the #amount of these assets increases, the energy system becomes more difficult to manage, often becoming so complex that many companies hire energy #consultants to help manage it. tibo energy goal is to make sure future #generations have a sustainable future. They create a cleaner planet by lowering their #environmental impact through creative energy solutions. With the necessary skills, abilities, and knowledge, their motivated team #collaborates to accomplish this aim. TIBO EnergyHub software SET Ventures Speedinvest Namratha Kothapalli René Savelsberg Remco Eikhout To share your startup story write us on - contact@startuprise.co.uk #tiboenergy #funding #eustartup

Synergi, a Finnish startup, has just raised €2 million in Seed funding to fuel its mission of driving the energy transition with smart solutions. The round was led by several strategic investors who see immense potential in Synergi’s technology to help meet the growing demand for sustainable energy management. Founded by Antti Hämmäinen, CEO and co-founder, Synergi focuses on developing smart energy solutions that optimize energy use, enhance grid efficiency, and support the transition to renewable energy sources. As industries and governments worldwide face increasing pressure to reduce carbon emissions, Synergi is stepping up to provide the necessary tools for this transition. With this funding, Synergi plans to expand its product offerings and grow its market presence across Europe. The startup’s platform is designed to address the key challenge of balancing energy demand and supply while integrating renewables like wind and solar into existing grids. The core problem Synergi aims to solve? How to make energy systems smarter, more resilient, and efficient while accelerating the shift to clean energy. Here’s the billion-dollar question: Can Synergi’s smart energy solutions scale fast enough to support the global energy transition and drive a more sustainable future? If they succeed, they could play a pivotal role in shaping the world’s energy landscape. Do you believe smart energy management is the key to a successful energy transition? B. Luke Hodgkinson, Andrew Willis, Karam Kang, Paul Groves, Tereza Borges, Hamish de Run, Giles Dixon, Nick Haines, Darren Nicol, Jesusoorefunmi Olaoye, Aleksander Mardinian, Dave Curran Dominic O'Brien, Reinier Zeldenrust, Edouard de Guitaut Dominate your Search, Social, Sales, Funding, and Talent! 👉 https://lnkd.in/ed_mKpkF #EnergyTransition #Sustainability #SmartEnergy #SeriesAFunding

Net Zero Technology Centre announces 2024 clean energy accelerator start-up cohort   The Net Zero Technology Centre (NZTC) has announced its 2024 TechX start-up cohort. The TechX Clean Energy Accelerator, now in its sixth year, will welcome 12 high potential start-ups to the programme which commences in February. 🔽 Find more info in comments below 🔽 #NetZero #CleanEnergy #TechX #Startups #Innovation #ClimateAction #Renewables #oilandgasnews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Announcing the 12 new #startup for Cohort6 of the #TechX accelerator program here at Net Zero Technology Centre . They are adding to the 57 start-ups that we supported through the programme and to date generated £32M in revenue to date, created 443 new jobs. With seven commercialisations already achieved, TechX alumni companies are demonstrating steady growth, and are forecast to enable 20-25 million tonnes of greenhouse gas emissions savings per year by 2030

🌱💡 National Renewable Energy Laboratory is playing a pivotal role in shaping the future of #cleantech by nurturing #startups from their inception. Their collaboration with companies like Antora Energy exemplifies the power of support in turning innovative ideas into impactful solutions. Learn more about how NREL is driving the cleantech revolution: https://rb.gy/2vq23m #GCxN #NREL

Congratulations to reLi Energy for being higlihted the Free Electrons Program Startup of the Year 2024! Their innovative solution in optimizing energy storage systems stood out among many impressive entries. We’re excited about what we can create together. Free Electrons is a global program connecting leading energy startups with utilities to drive innovation and accelerate the energy transition. As a founding partner. EDP is proud to be a founding member of the biggest open innovation program in the energy sector. Over the last 8 editions, EDP developed over 60 pilot projects, more than 10 startups have signed commercial contracts with EDP and EDP Ventures has also invested in 15 startups from the program. This year alone, EDP is collaborating with 7 of the participating startups. By participating in initiatives like Free Electrons, EDP promotes innovation and builds strategic partnerships that can transform the future of clean energy on a global scale. We are excited to continue seeking disruptive solutions for the energy transition. I really enjoyed participating in a roundtable titled "The Scaling Challenge: A View from the Board Floor" alongside Marguerite Sayers from ESB and Victoria Ossadnik from Eon moderated by Ramon Vullings. We exchanged views on the role that utilities can play on scaling up startups and what is key for startups to be aware working with utilities. Applications for the 2025 edition of Free Electrons are now open. If you are a startup ready to impact the future of the energy sector, apply now: https://lnkd.in/dSvhYdjM

This lithium-free battery startup just raised $78M in Series C funding Boston-based Alsym Energy, which is developing a nonflammable rechargeable battery that’s cobalt and lithium-free, has announced a $78 million funding round. Tata Limited (a wholly owned subsidiary of Tata Sons) and General Catalyst, a global venture capital firm, jointly led the funding round. Alsym Energy, which was founded in April 2015, has developed a non-flammable, high-performance rechargeable battery chemistry that’s lithium- and cobalt-free. It can be used for a range of stationary storage use cases, including utility grids, home storage, microgrids, industrial applications, and more. While Alsym and lithium-ion cells may look similar, we take advantage of inherently non-flammable and non-toxic materials, and our electrolyte is water-based. Alsym cells are also inherently dendrite-free and immune to conditions that could lead to thermal runaway. The company’s first battery storage product is called Alsym Green, and it says it’s the “only high-performance, non-flammable option suitable for stationary and grid storage in situations where the risk of fire increases as the mercury rises.” Alsym says its batteries can be used for any discharge duration from 4 to 110 hours and can recharge in as few as four hours. It asserts that Alysm Green has a low levelized cost of storage and the ability to support a wide, software-configurable range of discharge durations. https://lnkd.in/ejNSAsJf

Swedish Fever raises €10M seed funding to revolutionize renewable energy with API-centric virtual power plant platform Fever, a Stockholm-based power technology company, has raised €10 million in seed funding from General Catalyst, with participation from previous investors La Famiglia and Norrsken VC. The company is focused on building an API-centric platform for virtual power plants, which aims to make the power grid more flexible and enable the transition to renewable energy sources. The funding will be used to accelerate Fever’s expansion plans, deepen product development, and expand collaborations across Europe, with the goal of transforming energy assets and the power grid with software. https://lnkd.in/dspkzYuY #funding #nordicmade #sweden #sustainability #startups #trending

Green energy start-up secures £4.5m investment 🟢🪙 DRIFT Energy Ltd, a Bath-based start-up set to make green energy at sea using hi-tech sailing vessels, has closed a major seed funding round. Led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, and with support from Blue Action Accelerator, the company has secured a total of £4.65 million, enabling it to scale and start vessel production next year. DRIFT Energy is deploying a fleet of high-performance sailing vessels that harness deep ocean wind to produce green hydrogen at sea. The growing demand for clean hydrogen to accelerate the decarbonisation of sectors such as heavy industry, transportation and manufacturing is sparking innovation in the sector. Green hydrogen, produced via electrolysis using renewable energy, has a much lower carbon footprint than ‘grey’ hydrogen, which is produced from natural gas through steam methane reforming. This new funding is a vital step in developing and building the first green hydrogen producing DRIFT ship. Continue reading... https://lnkd.in/ewBi9BBz #finance #investing #sustainability #ESG #startup #smallbusiness #ukbusiness #growth #businessnews #businessintelligence