Belgian EnergyTech innovator LIFEPOWR has secured €5.65 million in progress capital to gas its subsequent stage of growth and convey clever power flexibility to extra houses and companies throughout Europe.
The spherical was led by Noshaq and SPDG, adopted by ROM InWest alongside current shareholders reaffirming their confidence by reinvesting.
“We’re reshaping the best way prosumers work together with the power markets,” says Dries Bols, CEO of LIFEPOWR. “The outcomes? They pay much less for power and steadiness the system. Collectively we speed up decarbonisation and the trail to decrease power charges. It’s a win win for everybody.”
“This funding is a robust vote of confidence in our mission to make power smarter, less complicated, and extra rewarding for everybody,” provides Bols. “With the help of Noshaq, ROM InWest, and SPDG, we’re scaling quicker and serving to Europe speed up its clear power transition.”
Based in 2015, LIFEPOWR is a power expertise firm reshaping how power is managed, saved, and consumed. With a group of 33 consultants, LIFEPOWR’s expertise transforms distributed belongings – from rooftop photo voltaic and batteries to EV charging – into Digital Energy Crops that scale back CO₂ emissions, cuts power payments, and strengthens the grid.
With this new capital, LIFEPOWR goals to speed up the transition to a versatile, sustainable and reasonably priced power system.
The place power as soon as flowed a technique, from giant energy vegetation to shoppers, it’s now about good collaboration between hundreds of thousands of small belongings: photo voltaic panels, batteries, EV chargers and warmth pumps.
LIFEPOWR connects all these items. By means of its software program platform FlexiO, the corporate reportedly helps households, companies and power suppliers routinely align power use with moments when it’s plentiful or scarce.
“At ROM InWest, we again ventures that speed up the power transition via scalable, data-driven innovation. LIFEPOWR’s platform embodies this completely – combining good expertise with tangible impression. We’re proud to help their growth into the Dutch market and past, as they assist construct a extra versatile and resilient European power system,” Jan Fredriks, Funding Supervisor at ROM InWest.
The corporate combines three key roles within the Digital Energy Plant worth chain:
- Unlocking flexibility via its superior Power Administration Software program (EMS+) that orchestrates power consumption, manufacturing, and storage.
- Optimising worth, aligning power flows with market costs and grid must stack behind-the-meter and market revenues.
- Connecting prosumers to power markets, enabling direct monetisation via LIFEPOWR’s flexibility aggregation and BSP (Balancing Service Supplier) actions.
At this time, LIFEPOWR manages over 22,000 linked belongings and companions with community of resellers, white-label companions and power suppliers who combine FlexiO into their very own choices.
“LIFEPOWR stands on the crossroads of digital innovation and the power transition – two areas on the coronary heart of Noshaq’s funding technique. Their scalable platform and confirmed market traction reveal how expertise can unlock the potential of residential flexibility whereas contributing to a wiser, extra resilient power system.
“Past capital funding, our help goals to assist LIFEPOWR speed up its growth into French-speaking markets and construct bridges with a few of our portfolio firms. We additionally see LIFEPOWR as a possible highly effective decarbonisation device for companies – together with these inside our personal ecosystem – enabling them to actively take part in a extra sustainable and versatile power future,” says Nicolas Biet, Funding Supervisor at Noshaq Power.
The brand new funding helps LIFEPOWR’s subsequent progress section, specializing in three key priorities:
- Advance FlexiO’s expertise and knowledge intelligence capabilities;
- Increase LIFEPOWR’s group of power innovators;
- Launch new market expansions, beginning with the Netherlands and different key European areas.
“As an early supporter of LIFEPOWR, we’re proud to proceed this progress journey with a group that mixes deep technological experience with a transparent imaginative and prescient for accelerating the power transition. LIFEPOWR’s answer has the potential to leverage flexibility at scale and change into a cornerstone of tomorrow’s power system,” says Jean-Nicolas, SPDG.