enspired, Europe’s leading optimizer for battery energy storage systems (BESS), has secured over EUR 40 million in Series B funding. The round brings in Future Energy Ventures as a new partner, alongside renewed commitments from Zouk Capital, EnBW New Ventures, Banpu NEXT, PUSH VC, and 360 Capital, following enspired’s rapid expansion into multiple new markets in recent months.
The new capital will empower enspired to push further the boundaries of what is possible in AI-powered flexibility optimization, creating a new paradigm for how the world’s energy is managed.
"Within the last 12 months, we entered six new markets and crossed the magical 1GW mark of BESS under management. We proved our undisputed leadership in commercial optimization by publishing our actual, certified revenues. We are at our greatest peak, and we won’t stop here,” says enspired CEO and Co-founder Jürgen Mayerhofer. “With the strategic support of Future Energy Ventures as our new investor, we're perfectly positioned to accelerate our growth and introduce several innovative use cases very soon. Their expertise in the energy sector and commitment to our vision make them an ideal partner for our next phase of expansion.”
"Energy storage is the #1 driver for EU energy resilience as we electrify everything. enspired has the most advanced battery optimization technology and a stratospheric team that's consistently ahead of the pack. We've trusted them since day one and been stunned by their relentless execution of ambitious milestones. Their global technology leadership convinced us to fuel their expansion into new markets and become part of what we see as a defining success story in the energy transition," comments Jan Palasinski, Partner at Future Energy Ventures.
The market is moving faster than anticipated, and multiple new countries were added to enspired's roadmap as a result of this development. Operations in Europe still bring new, untapped opportunities, and optics on the global markets of Asia and the US remain attractive for further growth. For enspired, AI is a powerful force for good use - to accelerate the global energy transition at a speed that's not been seen before. Their mission has never been more critical as countries worldwide embrace the urgent need for a cleaner energy future. With this new investment, enspired will be able to bring their transformative technology to new regions around the globe.
The first milestone of enspired’s global expansion is the partnership with Banpu NEXT, a leading Net Zero Solutions provider in the Asia-Pacific region, emerging as BESS key player in Japan.
“Banpu NEXT is excited to be the first partner outside of Europe to take advantage of enspired’s superior optimization approach. With their expertise and advanced AI technologies, we are collaborating on the development of innovative energy solutions for the Japanese power market. We are confident that this partnership will strengthen our BESS portfolio and energy trading business while reinforcing our strategy of AI integration in our solutions to drive smarter, more reliable, and sustainable energy systems, supporting both companies' business growth and the country's decarbonization goals,” says Smittipon Srethapramote, CEO of Banpu NEXT.
"During our initial Series B funding phase, I stated that the best time to adapt is before the market changes,” notes Jürgen Mayerhofer. “Working alongside the great minds at enspired and our investors has since shifted my view. I am now convinced that it is better to be the change."
enspired is a pioneer for the simultaneous commercial optimization of batteries and other power assets across the wholesale, control reserve, and ancillary service markets. The company’s fully automated in-house trading platform is the fastest on the European short-term power market, and enables customers to monetize the full potential of their flexibility with minimum time-to-market.
Magda Fankhauser
Head of Marketing
magda.fankhauser@enspired-trading.com