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Financing Round: Energy Transition Startup Node Energy Raises 7 Million Euros

Frankfurt am Main, Germany - Node Energy has received 7 million euros in a Series A financing. A total of four new investors are joining the company, and existing investors such as High-Tech Gründerfonds (HTGF) and business angels are again contributing fresh capital.

The energy transition startup intends to invest the capital in the further development of the software. The goal is to build a comprehensive software platform that enables professional plant operators from the commercial and real estate sectors to easily implement new business models such as solar power direct deliveries (e.g. tenant power or power purchase agreements/PPAs) and self-supply. For this purpose, the software is to be supplemented with additional functions and expanded into an end-to-end solution platform.

According to Node Energy, the four new investors were selected consciously. The financing round is led by Cologne-based VC BitStone Capital, the leading PropTech fund with extensive expertise in the real estate industry. As co-investors, 10x Founders brings expertise in the software-as-a-service sector, as well as impact investor BonVenture's sustainability focus. As an international investor from the energy industry, Helen Ventures from Finland is also participating in the financing round.

The "Opti Node" software developed by Node Energy simplifies the management of wind and solar plants. In particular, Opti Node fulfills the numerous bureaucratic requirements such as billing, tax and notifications to the authorities, which plant operators can easily create automatically via the system. The software is already being used to manage around 10,000 wind energy and solar plants. According to the company, this makes Node Energy the market leader in Germany.

"Many new providers such as real estate managers and citizens' energy cooperatives are driving the change with new business models. In doing so, they are regularly confronted with the complicated rules and bureaucratic requirements of the energy market. This results in enormous market potential and further growth opportunities for us," says Matthias Karger, founder and managing director of Node Energy, looking optimistically at the company's further development.

Source: IWR Online, Aug 08 2022