Enspired Revolutionizes Power Trading with €25.5M Funding Boost
May 16, 2024, 10:00 am
Enspired, an AI-based power trading company based in Vienna, Austria, has secured a hefty €25.5 million in Series B funding. The round was spearheaded by Zouk Capital, with notable participation from PUSH VC, Banpu NEXT, Vopak Ventures, Presidio Ventures, Emerald Technology Ventures, Helen Ventures, 360 Capital, and EnBW New Ventures. This financial injection will fuel the company's global expansion efforts and solidify its position as a trailblazer in the optimization of power assets through cutting-edge technology.
Led by CEO Jürgen Mayerhofer and CTO Wolfgang Eichberger, Enspired is at the forefront of commercial optimization for batteries and other power assets across various markets. Their proprietary trading platform, powered by automation, allows customers to maximize the value of their flexibility with minimal time-to-market. By facilitating the integration of renewable energy sources on a large scale, Enspired's scalable trading infrastructure is on track to unlock 50 GW of flexibility by 2035.
With a focus on accelerating the energy transition, Enspired is gearing up to expand into new territories, including Asia and the US, while maintaining a strong presence in Europe. By adapting their trading platform to cater to diverse markets, use cases, and revenue streams, the company is poised to drive significant impact in the shift towards clean energy solutions.
CEO Jürgen Mayerhofer expressed gratitude for the strategic partnerships that align with Enspired's mission to make flexibility profitable and steer investments away from fossil fuels. The company's commitment to reducing emissions and advancing the energy transition has already resulted in over one million tons of emission savings, setting the stage for further environmental impact.
Partner at Zouk Capital, John Higelin, commended Enspired's innovative approach to power asset optimization and its dedication to driving positive change in the energy sector. By leveraging digital technology to enhance the value of renewable energy and storage assets while improving grid stability, Enspired is playing a pivotal role in accelerating the transition to a sustainable energy future. Zouk Capital is excited to support Enspired in its growth journey and looks forward to collaborating closely with the team to achieve shared goals.
Led by CEO Jürgen Mayerhofer and CTO Wolfgang Eichberger, Enspired is at the forefront of commercial optimization for batteries and other power assets across various markets. Their proprietary trading platform, powered by automation, allows customers to maximize the value of their flexibility with minimal time-to-market. By facilitating the integration of renewable energy sources on a large scale, Enspired's scalable trading infrastructure is on track to unlock 50 GW of flexibility by 2035.
With a focus on accelerating the energy transition, Enspired is gearing up to expand into new territories, including Asia and the US, while maintaining a strong presence in Europe. By adapting their trading platform to cater to diverse markets, use cases, and revenue streams, the company is poised to drive significant impact in the shift towards clean energy solutions.
CEO Jürgen Mayerhofer expressed gratitude for the strategic partnerships that align with Enspired's mission to make flexibility profitable and steer investments away from fossil fuels. The company's commitment to reducing emissions and advancing the energy transition has already resulted in over one million tons of emission savings, setting the stage for further environmental impact.
Partner at Zouk Capital, John Higelin, commended Enspired's innovative approach to power asset optimization and its dedication to driving positive change in the energy sector. By leveraging digital technology to enhance the value of renewable energy and storage assets while improving grid stability, Enspired is playing a pivotal role in accelerating the transition to a sustainable energy future. Zouk Capital is excited to support Enspired in its growth journey and looks forward to collaborating closely with the team to achieve shared goals.