13.10.2017 - 09.36
Climate-KIC start-up Senfal raises 1.1 Million Euros
Climate-KIC start-up Senfal has received 1.1 million euros growth capital. Senfal, founded in 2014, connects industry, grid operators and power markets in future electricity grids. Senfal will use the growth capital to add new flexibility services and to scale up in Europe.
Lead investor of this second round is Nuhma. Nuhma, known as the ‘Limburgse Klimaatbedrijf’ is a Belgian investor and works on behalf of the Limburger municipalities on sustainability, energy and innovation. Nuhma’s investments align well with Senfal’s strategic vision to expand internationally.
Senfal is one of the largest Dutch aggregators specialised in intraday demand response and ancillary services. The company develops software to connect energy use with fluctuating
energy prices. By forecasting the energy demand and markets, and automatically controlling asset loads, Senfal helps companies to increase revenues and save on their energy bill.
This year Senfal has expanded their activities adding new flexibility services, with a strong focus on delivering primary control reserve. Senfal has the ambition to make multiple complex
energy markets accessible to energy suppliers or users with limited power. By aggregating assets, Senfal enables access to ancillary markets for small assets as well. Currently Senfal delivers services to the European transmission system operator TenneT (TSO). Senfal aims to expand its business to other TSO’s in Europe this year. With this capital injection, Senfal is able to finance its growth ambitions.
Climate-KIC supports start-ups like Senfal to accelerate their climate innovative ideas into great businesses.
Interested to become part of Climate-KIC’s start-up network?
- Do you have a breakthrough idea related to new technology with substantial climate impact?
- Is your motivation to achieve global success?
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