Electricity Maps, a Copenhagen, Denmark-based climatetech company, raised €5M in funding.
The round was led by Transition and Revent.
The company intends to use the funds to expand operations and its business reach,
Founded by Olivier Corradi, Electricity Maps accelerates data-driven decarbonization of the electricity grid. It allows businesses to match their electricity demand with intermittent energy supply in real-time. The company’s platform provides access to granular data on carbon emissions and electricity sources, covering over 230 regions around the world, including the U.S., Europe, Australia, and large parts of South America and Asia. Real-time, historical, as well as forecast data is available via Electricity Maps’ commercial API. The system enables businesses to build products that use electricity when it is cleaner and cheaper. Current use cases range from cleaner AI computations in data centers, to more sustainable charging of electric vehicles, to granular carbon accounting practices.
Electricity Maps’ customer base includes Samsung and Google.
FinSMEs
10/05/2024