With its solution, Entrix enables optimal trading of electricity from flexible energy systems such as large battery storage facilities. The offering includes optimization solutions for large battery storage and “hybrid systems” consisting of renewable generation and storage. Virtual power plants (VPPs), in which smaller energy systems are marketed together, are also served by the startup. The goal of the Munich-based company is to keep supply and demand in the power system in balance – and to market electricity at maximum value on the exchange.
The completed investment round is supported, among others, by the Hamburg-based family office Abacon Capital, which is known, among other things, as the principal shareholder of solar and wind park operator Encavis, listed in the MDAX. Also investing are Enpal from Berlin and clean energy investors Kraftwerk Ventures and Pelion Green Future from Munich. Pelion had already invested in Entrix at its founding in summer 2021. Behind the investor is the family office of Rocket Internet co-founder Alexander Samwer. In addition, several business angels are participating in the funding round.
According to the FAZ, Entrix has already raised a total of eight million euros in investments. The majority of the sum flowed in the current funding round.
Entrix sees Germany as a pioneering market for battery storage in Europe
Steffen Schülzchen, founder and CEO of Entrix, says:
“We are extremely pleased to have won such strong investors from the energy sector. With that, we have partners on board who support us not only with capital but also through outstanding industry networks and deep sector expertise. These are ideal conditions for further developing our solution for marketing flexible energy systems.”
Entrix is a registered energy trader and acts as a service provider for the owners of energy systems. According to the FAZ, these include family offices, infrastructure funds, and small and medium-sized municipal utilities. As partners, the startup has won, among others, Deutsche Kreditbank (DKB) in the financing sector, Aurora Energy Research in market analysis, and several suppliers of storage systems. Currently, Entrix is active in Germany and the United Kingdom – the startup describes these two markets as European pioneering markets for battery storage – with more countries to follow.
