suena energy receives 8 million euros in Series A round
suena energy has completed a Series A financing round worth 8 million euros. The Hamburg-based startup specialises in algorithmic optimisation and trading for energy storage systems and renewable energies and will use the fresh capital to strengthen its position in the rapidly growing energy storage market with a focus on international expansion and scaling its business model.
Already more than 10 million euros for suena energy
The round was led by Dutch energy company Eneco through its investment arm Eneco Ventures, with impact venture capital fund 4impact capital also participating. Existing investors InnoEnergy, J.O.S.S., Santander and Energie 360° participating again as well. The current financing follows a seed round of 3 million euros in December 2023 and a pre-seed investment of 1.2 million euros in July 2022. suena energy was founded in 2021 by Dr Lennard Wilkening, Miguel Wesselmann and Tom Witter.
suena energy offers AI-supported software for optimising trading in battery storage systems and renewable energy assets. The Energy Trading Autopilot uses modern algorithms and precise forecasts for real-time trading decisions. The technology enables efficient trading on all balancing and power markets, delivering higher returns, extended battery lifespans, and minimised risks for customers. The startup also enables optimised marketing for standalone storage, co-located PV and wind projects, direct marketing of renewables, portfolio optimisation, and white-label partner solutions.
