Powernaut raises €2.4 million to decentralise the energy sector - Powernaut
Summary
None The startup develops orchestration software that manages millions of decentralised devices, think electric vehicles, solar panels, batteries and heat pumps, to optimise them across the portfolio of energy suppliers. The fresh capital will support Powernaut on its mission to decentralise the energy sector and reduce the reliance on fossil fuels entirely, all while lowering costs for consumers.Traditionally, large centralised power plants generated electricity for everyone, but now millions of decentralised devicessuch as solar panels, batteries, electric vehicles, and heat pumpsare generating and consuming power locally. The European Commission predicts up to 10 million electric vehicle charging stations will be needed by 2030, along with more than doubling the current solar panel installations. Unlike traditional power plants, solar panels and wind turbines rely on fluctuating weather conditions, making our energy production increasingly unpredictable. Having our investors on board is crucialthey share our mission, provide capital, and bring valuable expertise from backing Europes leading unicorns.