Baltic startup ENGYcell lands funding to optimize commercial energy storage and trading
Summary
Founded by the team behind OX Drive, the company provides AI-driven energy storage solutions that help commercial and industrial clients optimize electricity use, lower costs, and participate in grid-balancing markets. The fresh capital will accelerate software development, enhance integration with Nord Pool and transmission system operators (TSOs), and fuel expansion into Poland and key European regions. With a track record of execution, ENGYcell aims to democratize access to grid regulation, offering businesses a seamless way to monetize excess capacity.ENGYcell develops integrated battery energy storage and management systems for commercial, industrial, and utility-scale applications. The company offers both hardware and software solutions, including Battery Energy Storage Systems (BESS), automated trading algorithms, and a Virtual Power Plant (VPP) platform. ENGYcells software-driven approach allows clients to maximize energy efficiency through applications such as frequency regulation, peak shaving, and EV charging optimization, while also offering flexible deployment options with new or repurposed batteries.Andris K. Brzi, partner at the leading Baltic pre-seed fund Change Ventures, has been familiar with the ENGYcell team since they successfully built and exited OX Drive, their Tesla car-sharing business.