Bnewable, a Zaventem, and Luik-Belgium-based company specializing in battery systems and energy management for businesses, raised €40M in funding.
Backers included RGREEN INVEST, Wallonie Entreprendre, and Dovesco Fund Investments.
The company intends to use the funds to accelerate operations in Belgium, make further investments in battery storage at customer sites, and fulfill both its Belgian and European ambitions as part of the energy transition.
Founded in 2022 and led by CEO Christophe Degrez and Kristof Vereenooghe, Bnewable is an energy storage and operations company that uses batteries to optimize the efficiency of solar production for its customers. Thanks to the in-house developed energy management platform ‘Voltana’, data-driven algorithms and machine learning smartly control the battery for optimal usage. Combined with additional steering and trading of excess energy by an in-house team of energy experts, at the times when it is most profitable, Bnewable uses that battery to maximize the efficiency of solar production for its customers. And at the same time, it contributes to the stability of the power grid, which is increasingly stressed by increasing electrification. Moreover, Bnewable provides not only the technology and management, but also the investment in the battery itself in a “battery-as-a-service” model.
FinSMEs
16/12/2024