Granular Energy develops software that automates the management and allocation of clean energy certificates and tracks the origins of renewable electricity. The platform aims to provide utilities and consumers with honest, hour-by-hour views of electricity supply and associated carbon emissions. The company positions its product as a response to shortcomings in current certification systems that allow opaque claims of ‘green’ tariffs. Granular Energy says 25 utilities across nine countries are already using its software. It cites global consumer spending of €22.8B on green electricity in 2022 and a survey finding that under 5% of leading utilities fully disclosed renewable sources. The recently announced funding will be used to further improve transparency tools and direct consumer spending toward cleaner energy technologies. Granular develops internationally recognised standards and SaaS tools for hourly energy certificates that time-stamp and verify when and where electricity is carbon-free. Its product enables consumers, utilities and corporates to buy true 24/7 carbon-free electricity by matching consumption with generation on an hourly basis. The company has partnered with NordPool and Elexon to launch the world’s first market for hourly energy certificates in the UK, with twelve large utilities and organisations such as Sky and The University of Nottingham participating in the first phase. Granular is positioning its solution to support new regulatory requirements (e.g., hourly matching for green hydrogen) and to incentivise demand-side flexibility, storage, and renewable deployment. The startup sees a large market opportunity as existing clean energy certificate markets are estimated at ~$12 billion and projected to grow to ~$100 billion by 2030. Granular was founded in 2021 and is based in Paris; it recently raised €2 million to support its product roll-out.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2023