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Hybrid Greentech Secures €15 Million Investment to Expand Grid Flexibility Solutions Across Europe

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Danish startup Hybrid Greentech attracts €15 million investment to accelerate European grid flexibility rollout

Hybrid Greentech, a company based in Copenhagen, has recently secured over €15 million in funding from Nordic Alpha Partners to support its expansion in Europe. The investment will aid in customer acquisition in new markets and integration with additional energy exchanges, with Nordic Alpha becoming a significant minority shareholder in the company.

Rasmus Rode Mosbæk, the CEO and founder of Hybrid Greentech, expressed excitement about the investment, highlighting the importance of storage and flexibility in a renewables-heavy grid. The funding will enable the company to unlock more value from assets and strengthen grid resilience.

In addition to Hybrid Greentech’s funding, several other companies in the virtual power plant (VPP), battery optimization, and grid flexibility sector have also received significant investments. Capalo AI in Helsinki secured €11 million in Series A funding, while Antwerp’s LIFEPOWR raised €5.65 million to advance its FlexiO virtual power plant technology. Ostrom in Germany attracted €20 million in Series B funding to expand its NeoGrid VPP platform, and Einklang in Cologne raised €2.2 million to scale its battery-optimized electricity tariff solution for SMEs. Dexter Energy in Amsterdam also secured €23 million in Series C funding for its AI-powered forecasting and trade optimization services.

These funding rounds, totaling over €61 million, combined with Hybrid Greentech’s investment, bring the total capital raised in the sector to approximately €77 million. The focus on software-led orchestration, battery optimization, and distributed energy aggregation platforms reflects investor interest in enhancing grid flexibility and integrating renewable assets across Europe.

Nordic Alpha Partners sees Hybrid Greentech as a local leader with the potential to become a vital player in Europe’s transition to a fully electrified economy. The company’s cloud-based VPP platforms connect energy storage, flexibility, and renewable assets, offering a vertically integrated stack that includes trading, optimization, analytics, and settlement.

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Europe faces the challenge of increasing energy consumption and aging grid infrastructure, requiring nearly €600 billion in investment to digitalize, decentralize, and enhance grid flexibility. Hybrid Greentech aims to save billions by enabling owners of renewable energy assets and storage capacity to interact on a coordinated system.

Specializing in AI-powered VPPs for battery assets, Hybrid Greentech offers standalone and co-located systems with renewables and behind-the-meter installations. Its platform allows seamless integration of assets, aiming for performance increases and reduced battery cycling.

Nordic Alpha Partners’ Investment Director, Shari Rana, praises Hybrid Greentech’s team and commercial capacity, foreseeing impressive scalability. The platform also supports flexibility by interconnecting distributed energy resources to strengthen grids and improve system stability as electrification accelerates.

Hybrid Greentech’s vertically integrated approach positions it to navigate regulatory complexities, shorten project timelines, and offer VPP services. The company emphasizes the technical and executional challenges of bringing new energy storage capacity to the grid, highlighting its role in simplifying processes and offering regulatory support.

In conclusion, Hybrid Greentech’s innovative technology and strategic approach to grid flexibility and renewable integration demonstrate its potential to drive transformative change in the energy sector. By providing solutions for energy storage optimization and asset integration, the company is well-positioned to play a significant role in Europe’s transition to a more sustainable and efficient energy system.

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