Germany’s Einhundert raises EUR 6.5m to scale landlord-to-tenant energy ops

February 16 (Renewables Now) – German inexperienced power provider Einhundert Energie GmbH has raised EUR 6.5 million (USD 7.37m) in a Collection A financing spherical to fund the enlargement of rooftop photovoltaic methods and the landlord-to-tenant electrical energy enterprise in a drive to decarbonise the true property sector at house.

The funding spherical was backed by new traders together with German utility EWE AG, NRW.Enterprise, the enterprise fonds of German growth financial institution NRW.BANK, Swiss impression investor Uebermorgen Ventures and Clima Now. Present traders Wi Enterprise and Minol Messtechnik W Lehmann GmbH & Co KG additionally participated within the fundraiser, Einhundert Energie mentioned on Tuesday.

Based in 2017, the Cologne-based firm presents the set up and operation of rooftop photo voltaic methods to assist actual property corporations to decarbonise buildings and provide inexperienced electrical energy to tenants. It covers your complete worth chain from the evaluation of buildings and set up of photo voltaic panels to electrical energy provide. With the assistance of sensible meters and its personal software program platform, the start-up already operates photo voltaic methods and mixed warmth and energy vegetation on 300 buildings and is at the moment engaged on 400 further residential and workplace buildings. In 2021, the corporate’s order consumption surged about 300% as in contrast with the prior yr.

Einhundert Energie seeks to turn into the driving power behind the electrification and decarbonisation of actual property properties throughout Germany and goals to equip 1000’s of buildings with photo voltaic panels and sensible meters within the coming years, turning them into digitally operated solar energy vegetation, mentioned founder and chief government Ernesto Garnier.

(EUR 1 = USD 1.134)

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