Suena, a Hamburg-based company, has secured €3 million ($3.27 million) in seed funding to fuel its European expansion. The company specialises in battery energy trading software and services. This fresh injection of capital will allow Suena to introduce its software platform, Autopilot, and its trading services to new markets across the continent.
Software Powering Efficient Energy Trading
Suena’s core offering lies in its development of trading and optimization software for battery storage and renewable energy asset owners and operators. Their flagship product is Autopilot. The latter tackles the “immense complexity of efficient and strategic power trading on multiple markets,” as Suena describes it. This software processes vast amounts of data. It also optimizes trading strategies, and reacts in real-time to fluctuations in renewable energy production and market prices.
Beyond Standalone Systems: Suena’s Reach
Suena’s technology caters to both stand-alone battery systems and those co-located with solar or wind projects. Notably, they collaborate with virtual power plant (VPP) providers like Cellect Energy (Spain) and Energiekoppler/emsys VPP (Germany) to manage the technical communication between their software and battery assets. This partnership approach allows Suena to focus on its software expertise while leveraging VPPs’ specialized skillsets.
Funding Fuels Growth and Innovation
The seed funding round was co-led by Smart Energy Innovationsfonds (Energie 360), Santander InnoEnergy Climate Fund, and early investors Vireo Ventures, Raakwark Kaptaal, and EIT InnoEnergy. This investment will enable Suena to further develop Autopilot. The company aims to expand its trading services in key European markets like Germany, UK, Belgium, Netherlands, and Spain. It also plans toand invest in its novel AI functionalities while growing its team.
Suena’s CEO, Lennard Wilkening, expressed optimism about the future
This funding round is a strong validation of our vision for the future of energy trading. We are excited to use this capital to further develop our technology, expand our reach, and help our customers optimize their battery assets and contribute to a more sustainable energy future.
Suena’s CEO, Lennard Wilkening
With its innovative technology and strategic partnerships, Suena is poised to play a significant role in shaping the future of Europe’s energy landscape. As the demand for clean energy solutions continues to rise, Suena’s ability to optimize battery storage and renewable energy trading will be crucial in ensuring a reliable and sustainable energy supply for generations to come.
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