FION Energy secures €1.4M for AI-optimised battery systems
Berlin-based cleantech startup FION Energy secured €1.4 million in pre-seed funding, spearheaded by HTGF and Norrsken Evolve. This investment highlights growing interest in AI-driven solutions for industrial energy management, aiming to mitigate high electricity costs faced by European businesses. FION Energy provides an end-to-end service, encompassing site analysis, system sizing, procurement, installation, and ongoing operation of turnkey battery systems. Their AI dispatch engine learns consumption patterns, analyzes tariffs, and autonomously controls the battery, potentially cutting electricity costs by up to 50 percent. This innovative approach focuses on manufacturer-independent project development with real-time optimization. Industrial companies with annual electricity consumption exceeding 2 GWh are the primary target, with existing installations and further projects planned across Germany and the EU. This technology empowers businesses with AI-controlled solutions. The new funding will fuel expansion, platform development, and team growth, aiming to enhance the competitiveness of European industrial sites.
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