News · 14 June 2022

Granular Energy raises funds to launch world’s first market for hourly energy certificates

€2 million pre-seed funding from Seedcamp, Revent and Powerhouse Ventures

We are glad to announce we have raised €2 million pre-seed funding with investments from Seedcamp, Revent and Powerhouse Ventures.

The funds will allow us to deliver on our mission of creating 24/7 clean energy market solutions. The platform we are developing will help accelerate the shift to a carbon-free grid by harnessing consumer demand to send a razor-sharp price signal that values clean energy according to physical availability.

Henrik Grosse Rokamp, from Revent, shared his thoughts: “Granular Energy’s solution is a paradigm change for the energy market. It will be finally possible for utilities, corporates, and consumers to buy true 100% carbon-free electricity. This is a crucial step and a missing piece to move our society away from carbon emitting energy production and towards addressing climate change in a meaningful way.”

We will use the funds to grow our team, roll out our platform in the UK, and launch in three new EU markets and the US.

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The big story of the month: Spain drafted the most ambitious hourly matching mandate yet for data centres, tying grid access itself to 80% hourly renewable coverage. Meanwhile in the Democratic Republic of Congo, Africa's first 24/7 solar-plus-storage baseload plant came online at a copper mine. Events are back up and running after a summer break so there are plenty of opportunities to find the team. Here is what has been on our radar.

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