On a mission to make renewable energy management more efficient, ampere.cloud has just secured €5 million in fresh investment. The Berlin-based startup now plans to expand across Europe.
In the race to reach net zero and create a more sustainable future, transitioning to green, renewable sources of energy is critical. The market for managing these sources of energy is currently fragmented, with unreliable connections between plants, operators and suppliers.
Aiming to change this, by building an operating system tailored for renewable energy assets, ampere.cloud has just secured €5 million in a Series A round. The funding was led by Point Nine Capital (P9), with Helloworld.vc, Vireo Ventures joining the round.
Existing investors like the Flensburg-based HGDF Familienholding GmbH & Co. KG, Berlin Angel Fund also increased their commitment to the company.
Frederik Merz, CEO of ampere.cloud: “We’re thrilled to have won the support of such renowned investors, old and new, and we’re more than ever committed to our mission of enabling the energy transition. This latest round of funding will allow us to supercharge product development, expand our technology capabilities, and take our solutions to new markets, transforming the energy sector on a global scale.”
Founded in 2019 by Frederik Merz, Florian Strunck and Erik Nitschke, ampere.cloud’s platform enables automated production, trading, and consumption across all players in the industry. The vision is to fuel the transition towards a more sustainable energy future in Europe.
With ampere.cloud, owners and operators of renewable energy plants can manage their entire portfolios on a single platform, increasing efficiency. As an all-in-one solution, users can adopt the platform to scale whilst minimizing costs and reducing losses. The ampere.cloud platform connects the full value chain from local communication and remote control for operators via IoT, to automated monitoring, to connecting the facilities to energy traders.
Pawel Chudzinski, Partner at P9: “P9 is thrilled to be joining ampere.cloud on their mission. With their innovative technology focusing on making deployment and operating of clean energy sources, like solar, easier and cheaper, we believe that ampere.cloud is poised for massive success and growth. We can’t wait to see what the future holds.”
Currently, the Berlin-based team are focusing on the booming photovoltaic (PV) market. Globally, the PV market is expected to grow by an impressive 15% CAGR from 2022 to 2030, reaching a total installed capacity of over 800 GW.
But, they don’t want to stop there. The tech is agnostic towards other production forms.
In a very fragmented industry that faces skilled-labour shortage, ampere.cloud’s platform enables renewable energy companies to grow as they can automate operations. By establishing a connection between the plants and local grid operators as well as offering remote control to the energy markets, the startup helps to stabilize local grids and match the supply and demand of fluctuating energy generation. Both of these are essential to prevent blackouts in a future world that relies largely on renewable energy.
Marius Dethleffsen, Head of Investment Management at HGDF: “ampere.cloud has been a fantastic investment for us. We’ve seen tremendous growth and potential in the company, and we’re excited to increase our investment and support their mission to revolutionize the energy sector.”
With this latest investment, the startup plans to scale. Ampere.cloud has quickly picked up traction in Germany and now plans to expand across EUrope. The investment will fuel product growth and development.