Image credits: node.energy
Frankfurt-based Node.energy, an energy management solutions and services platform, announced on Wednesday that it has secured €7M in a Series A round of funding led by Cologne-based VC BitStone Capital.
New investors 10x Founders, BonVenture, and Helen Ventures, existing investor High-Tech Gründerfonds (HTGF), and renowned business angels also participated in the round.
The company says the latest funds will help it to further develop its software to enable professional system operators from the commercial and real estate sectors to easily implement new business models such as direct solar power deliveries and self-sufficiency.
Node.energy: What you need to know
Founded by Matthias Karger and Lars Rinn in 2016, node.energy is working on a sustainable energy future. The company provides a SaaS solution, “opti.node”, for professional operators of renewable energy systems.
Matthias Karger, founder and Managing Director of node.energy, says, “The future energy supply will be based on millions of renewable energy systems, and every larger building will also be a power plant. New providers such as real estate managers and citizens’ energy cooperatives are driving the change with new business models. They are regularly confronted with the energy market’s complicated rules and bureaucratic requirements. This results in enormous market potential and further growth opportunities for us.”
The “opti.node” software simplifies the management of wind and solar systems. For example, the software allows system operators to quickly and automatically create invoices, tax forms, and official reports.
Currently, the software is already used to manage around 10,000 wind energy and solar systems. Over 9,500 wind turbines in over 2,500 wind and solar parks and more than 400 commercial and industrial properties are already using opti.node.
Karger adds, “Rising energy and CO2 prices and the desire for security of supply make renewable energy systems for real estate more attractive than ever. node.energy makes it easy for professional owners to evaluate this potential and to operate the systems successfully and legally. I look forward to supporting the team in this socially important task.”
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