Pitchdrive | Early-stage VC 🚀’s Post

Swedish startup secures €32 million Series B1 to accelerate commercialization of wave energy technology Stockholm-based CorPower Ocean has secured €32 million in Series B1 funding to advance its wave energy technology towards commercialization. The investment round was led by NordicNinja VC, SEB Greentech, and EIT InnoEnergy, with participation from Santander Alternative Investments, Iberis Capital, and Cisco Investments. The funds will support the deployment of CorPower’s wave energy converters (WECs), which have recently shown resilience against severe Atlantic storms while generating power. This financing aims to enhance the viability of wave energy as a mainstream renewable energy source, addressing challenges such as storm survivability and efficient energy generation. https://lnkd.in/dJgzqE6u #funding #nordicmade #sweden #greentech #energysolutions #cleantech #trending

Powernaut, a Ghent-based startup developing orchestration software for decentralised energy systems, has raised €2.4 million in pre-seed funding to accelerate the energy transition while lowering costs for consumers 🇧🇪 🔌 The funding round was led by Berlin’s Revent, with contributions from London-based Seedcamp and funds Pitchdrive | Early-stage VC 🚀 and Syndicate One. “Navigating the transition is tough sailing, especially with so many renewables being installed without much coordination,” said Florentijn Degroote, Co-founder and CEO of Powernaut. “Unlike traditional power plants, solar panels and wind turbines rely on fluctuating natural conditions, making our energy production increasingly unpredictable. To effectively add more renewables and keep costs low for everyone, these smart connected devices should and can be managed more efficiently with tailored software and AI technology.” https://lnkd.in/dJKAZBtE

Sifted Energy Storage Briefing 2024 An insightful analysis from Freya Pratty and the Sifted team covering European startups scaling up energy storage solutions. The report highlights some of the key trends and themes expected as the next generation of energy storage systems are developed and deployed. Elbow Beach Capital investees Allye and Anaphite were mentioned as two of the 60 ‘startups to watch’ across the continent. Both companies are developing essential battery technology that will be integral to a clean energy transition. We’re pleased to see their technology noted by Sifted. Read the full report here: https://lnkd.in/ev-Q6T7g #EnergyStorage #VentureCapital #ClimateTech

📣 We're honoured to be recognised in Sifted's 16 energy startups to watch list 🎉 This list, compiled by top climate tech investors, features solutions driving the future of the energy landscape across Europe, and we’re proud to be part of it 🙌 Our neutral market platform, ElectronConnect, was chosen for its ability to create new revenue streams for distributed energy resources (DERs) and assist grid operators in managing constraints within their networks - reducing the need for grid reinforcement. As we continue to innovate in flexibility markets, this acknowledgment reinforces our commitment to empowering a decarbonised, resilient power system 🌱 A big thank you to the investors who are tracking the leaders in climate tech and to our fellow energy startups. Together, we're shaping a cleaner, smarter energy future ⚡ Discover the full list in the article below 👇 #Award #EnergyFlexibility Jo-Jo Hubbard Chris Broadhurst Nick Huntbatch Nicola Waters Marc Laitin Gavin Cooper Emma Lovell

The industry sector is responsible for around a quarter of global energy system CO₂ emissions — making it clear that bold action is essential to fight climate change. 🌱 That’s where the New Energy Challenge comes in. This annual competition, organised by Rockstart, Shell, Unknown Group and YES!Delft, supports startups and scaleups driving innovation in renewable energy. This year’s winners are HyperHeat, which is designing an electric heater for use in energy-intensive industries, and Edgecom Energy, an all-in-one platform that leverages AI to help large energy consumers navigate the energy transition. 📖 Article with New Energy Challenge: https://lnkd.in/eqFhG4gY Featuring Jermaine Saaltink, investment director of Shell Ventures, Frederick Lessmann, cofounder of HyperHeat and Behdad Bahrami, CEM, CMVP, CEO and cofounder of Edgecom Energy. #climatetech #startupeurope

In the past 12 months, the Greater Seattle region has seen remarkable growth in cleantech investments, with several companies securing substantial funding rounds. Leading the charge is Zap Energy, a fusion energy company, with a staggering $129.9 million in funding. Following closely is LevelTen Energy, an energy marketplace platform, raising $61.1 million. Omnidian, specializing in solar energy, secured $25 million, while Cosmos Innovation, another solar energy startup, brought in $16.8 million. Software-as-a-service (SaaS) provider Recurrent raised $16 million, focusing on enhancing energy efficiency. In the waste management sector, Ryp Labs received $8.1 million to tackle environmental sustainability challenges. Juicer Energy, Inc., a company focusing on charging infrastructure, obtained $7.15 million, showcasing innovation in the EV space. Edo, an energy management platform, garnered $5 million, while CleanTech Strategies LLC, an energy consulting firm, also raised $5 million. Rounding out the list, Climate Vault, focusing on carbon capture, raised $3.1 million to help mitigate climate change. Greater Seattle Partners is proud to introduce 𝐔𝐧𝐜𝐨𝐦𝐦𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, a new feature where we highlight our region’s key sectors, thriving startup ecosystem, and the Uncommon Thinkers driving innovation forward. Learn more about cleantech in the Greater Seattle region: https://lnkd.in/gsvEuxGv. #cleantech #SeattleCleantech #SeattleStartups #fusion #greenenergy #innovation

🇦🇺🦘We are currently going down under! We've been invited to join the EnergyLab Scaleup Program, an initiative dedicated to bringing solutions to the Australian energy landscape. With a large industry such as mining, Australia needs a big decarbonization effort. Currently, coal produced in the country accounts for a large share of electricity generation and total energy consumption. Australia has set an ambitious target of 82% renewable electricity by 2030. Now, critics have calculated that at the current rate, it will fall 20 percentage points short. Still, 60% renewables, much of it from PV, means high volatility and curtailment. Kraftblock can avoid grid costs and use the energy to decarbonize the industry. We are off to a great start and have 3 months left in the program - very exciting to dive into the unique situation Down Under! #energy #energystorage #thermalenergystorage #australia #industry

Endeavour Energy (NSW) and EnergyLab are partnering with 10 leading clean energy start-ups to drive innovation and support the decarbonisation of the grid. Selected through EnergyLab’s Scaleup Program, these start-ups offer solutions in grid digitisation, advanced analytics, and distributed energy resource management. This marks the fourth year of Endeavour Energy's collaboration with EnergyLab, aiming to deliver smarter, cleaner energy systems. Leanne Pickering of Endeavour Energy highlighted the initiative's role in powering 2.7 million people across NSW. The start-ups include ACCURE Battery Intelligence, Diagno Energy, KRAFTBLOCK, Reswitch , Safegrid, Sentrisense, SkyFi, SNAPI, Techko Pty Ltd, and VIZAR.ai. Read about it here - https://lnkd.in/g2fPHaYC Source: Energy Source & Distribution Mentions: Megan Fisher #CleanEnergy #Decarbonisation #EnergyInnovation #Startups #AusEnergy

🔦 Spotlight on Energy Storage - https://lnkd.in/gjHignhG With just a few days to go until the online 2024 EnergyLab Scaleup Showcase, we are celebrating & highlighting the work of our clean energy startups. Today we're focusing on two German organisations from our Scaleup cohort who are leading the way in BESS/EV battery analytics & industrial heat storage and who have identified the Australian energy market as a key target market for expansion due to Australia’s expected strong future growth for storage projects. ♨️ KRAFTBLOCK's innovative energy storage solutions enable the seamless integration of renewable energy sources into high temperature industrial processes, paving the way for a more sustainable future. 🔋 ACCURE Battery Intelligence utilises cloud computing and advanced analytics to maximise battery safety, performance, and lifetime. Register for the Oct 9 online showcase to hear from Kraftblock, Accure Battery Intelligence and the rest of the startups selected to participate in this year's program here: https://lnkd.in/gjHignhG

Great things are happening in the clean energy sector! 🌍 enSights, an innovative Austin-based startup, just secured $10 million in Series A funding to enhance its AI-powered platform for optimizing renewable energy asset management. With over 6,000 clean energy assets managed across four continents, they’re making waves in tackling the underperformance of photovoltaic systems. This investment will help them expand their reach and drive advancements in sustainability. Cheers to a brighter, greener future! ☀️✨ #CleanEnergy #Innovation #Sustainability https://lnkd.in/eGHZ9ncj #SolarPower #RenewableEnergy #GreenTech #SustainableLiving #EcoFriendlyInnovation