Swedish virtual power plant software developer secures funding

Photovoltaics Markets and Technology

Swedish digital vitality plant software program program platform developer Fever Energy is growing into Europe enabled by a $10.81 million spherical of enterprise capital.

Sweden’s Fever Energy, a software program program agency that allows energy asset householders to run their digital vitality crops and generate revenues with ancillary grid firms, is growing into Europe after a worthwhile launch in its home market.

The Fever platform integrates energy property into the grid, giving clients the ability to execute functionality modeling, orchestration, reporting, and settlements, along with predicting, adapting, and optimizing energy distribution, in response to the company.

“Prospects embrace a number of photograph voltaic PV purchasers, generally PV asset householders which have co-located battery storage,” a company spokesperson knowledgeable

Fever’s platform choices a number of utility programming interfaces (API) to permit plant integration by its purchasers, just like utilities, photograph voltaic, wind farm householders, electrical car fleet householders, and battery energy storage operators. Its enterprise model entails charging a price on earnings from ancillary firms, in response to the spokesperson.

To finance its enlargement, Fever Energy raised €10 million ($10.81 million) in a seed funding spherical led by Frequent Catalyst, a US-based enterprise capital company, along with early merchants La Famiglia, based in Germany, and Norrsken VC, an early-stage impression investor based in Sweden.

So far, Fever Energy has raised €11.6 million in capital, in response to the company. Two new board members joined in tandem with the funding, significantly Niek den Hollander, beforehand of Uniper and Vattenfall, and Holger Lichtschläger of Worldwide Consultants Energy Consulting, beforehand with Uniper and E.On.


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