Danish startup Hybrid Greentech attracts €15 million investment to accelerate European grid flexibility rollout
Danish startup Hybrid Greentech has secured over €15 million in investment to bolster its European expansion in grid flexibility solutions. This funding from Nordic Alpha Partners will primarily support customer acquisition in new markets and enhance integration with additional energy exchanges, positioning Hybrid Greentech to strengthen grid resilience and unlock further value from renewable energy assets across the continent. The investment in Hybrid Greentech reflects a broader surge in European funding for virtual power plant (VPP) and grid flexibility technologies. Other notable rounds include Capalo AI's €11 million, LIFEPOWR's €5.65 million, Ostrom's €20 million, and Einklang's €2.2 million, alongside Dexter Energy's €23 million. Collectively, these investments exceed €77 million, underscoring significant investor confidence in digital infrastructure for scaling renewable integration and enhancing grid flexibility. This wave of investment highlights the critical need for digital transformation within Europe's energy sector, which faces increasing demand and aging infrastructure. Hybrid Greentech's cloud-based VPP platforms and Ostrom's smart meter-driven energy platform are key examples of the innovative solutions being deployed to digitalize, decentralize, and increase the flexibility of the European grid. The substantial capital raised signals a concentrated effort to address the estimated €600 billion needed for the grid's transformation over the next four years.
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