Estonian AI energy startup MarkeDroid raises €300K to expand distributed energy platform
Estonian AI energy startup MarkeDroid has secured €300,000 in bridge funding to further develop and deploy its AI-powered distributed energy orchestration platform throughout Europe. This investment, led by the Estonian Business Angels Network (EstBAN), will enable MarkeDroid to scale its technology, contributing to grid stability and cost reduction for energy consumers across the continent. This funding signifies growing investor confidence in AI-driven solutions within the energy sector. The investment round included a €175,000 syndicate investment from EstBAN. MarkeDroid's platform coordinates distributed energy resources such as solar panels and batteries using real-time data analysis. The platform analyzes electricity prices, weather forecasts, and usage patterns to optimize energy storage and consumption. The expansion will see MarkeDroid extending its services beyond residential energy management, moving into energy retailer orchestration in partnership with Enefit, and microgrid flexibility projects with national transmission operators. This approach will allow both residential and commercial users to decide when to store, use, or sell electricity. The implications are significant for the promotion of digital transformation within the European energy market and could improve the reliability of the electrical grid.
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