With its solution, Entrix enables the optimal trading of electricity from flexible energy systems, such as large battery storage systems. The offering includes optimization solutions for large battery storage systems and "hybrid systems" consisting of renewable generation and storage. Virtual power plants (VPPs), in which smaller energy systems are marketed together, are also being developed by the company. Startup The Munich-based company's goal is to maintain a balance between supply and demand in the electricity system – and to market electricity at the maximum value on the stock exchange.
The now completed investment round is supported by, among others, the Hamburg-based family office Abacon Capital, which is known, among other things, as the majority shareholder of the MDAX-listed solar and wind farm operator Encavis. Also investing are Berlin-based Enpal and the clean energy investors Kraftwerk Ventures and Pelion Green Future from Munich. Pelion had already invested in Entrix when it was founded in summer 2021. The investor is backed by the family office of Rocket Internet co-founder Alexander Samwer. Several business angels are also participating in the financing round.
Loud FAZ Entrix has already raised a total of eight million euros in investments. The majority of this sum was invested in the current financing round.
Entrix sees Germany as a pioneering market for battery storage in Europe
Steffen Schülzchen, Founder and CEO of Entrix, says:
"We are incredibly pleased to have attracted such strong investors from the energy sector. This means we have partners on board who, in addition to capital, will support us with an outstanding industry network and in-depth industry knowledge. These are ideal prerequisites for the further development of our solution for marketing flexible energy systems."
Entrix is a registered energy trader and acts as a service provider for the owners of energy assets. According to the FAZ newspaper, these include family offices, infrastructure funds, and even small and medium-sized municipal utilities. The startup has secured partners including Deutsche Kreditbank (DKB) for financing, Aurora Energy Research for market analysis, and several storage system suppliers. Entrix is currently active in Germany and Great Britain – the startup describes these two markets as European pioneer markets for battery storage – with plans to follow.
