HYDROGRID raises investment from SET Ventures - International Water Power
Summary
HYDROGRID, an Austrian tech company providing software for real-time planning & dispatch of hydropower plants, has completed an investment round led by SET Ventures with the goal to help lead the digitalization of hydropower plants across Europe. The HYDROGRID Insight solution is currently deployed by power generators across six European countries for hydro assets ranging from 1 to 150MW. With the current investment round led by SET Ventures with participation from existing shareholder CNB Capital, the company now aims to further strengthen its position in Europe. We are happy to be able to accelerate the rollout of our solution even more with this investment and to be contributing towards making intelligent hydropower the backbone of a zero carbon future together with our clients across Europe,” said Janice Goodenough, founder and CEO of HYDROGRID. The funds raised in this investment round will be used to keep growing the sales team, expand collaborations with partners in the hydropower industry and continue the development of the software.