Delta Green raises €2M to turn European homes into virtual power batteries

Prague-based energy scaleup Delta Green has secured €2 million in funding from Credo Ventures, Tilia Impact Ventures, and Purple Ventures to expand its operations across Europe. The company's innovative platform aims to transform European homes into virtual power batteries, offering a solution to the evolving energy market dynamics. This funding will enable Delta Green to accelerate its pan-European expansion and further develop its software-first approach to the energy sector. Delta Green's platform connects homes to create a virtual power battery, enabling households to shift energy consumption, discharge batteries, and export solar power during peak demand periods. This approach allows households to lower their energy bills, support renewable energy sources, and reduce reliance on fossil fuels. The company was originally called Nano Green, but rebranded three years ago to focus on software solutions for the traditionally conservative energy sector. This technology is especially crucial as the energy industry transitions, and the shift away from subsidies is prompting both consumers and retailers to seek smarter energy management solutions. Delta Green's platform gives retailers a competitive edge, with major utilities across Europe approaching them to deploy their solutions. The technology is already being used to manage flexibility across their customer base. Delta Green currently operates as a small energy supplier in the Czech Republic, serving about 7,000 customers. This serves as a "test lab" for developing and refining the technology before scaling it. The company's growth proves that the technology works, with a clear market demand driving its acceleration.