GreenCom Networks, founded by Christian Feisst, is a Munich-based energy IoT provider with an office in France that builds a scalable residential home energy management platform. Its software integrates distributed assets including battery storage units, solar PV, heat pumps and electric vehicle chargers to enable services like heating-as-a-service, energy flat rates, flexibility revenue, dynamic tariffs and energy communities. The platform already powers Centrica’s Home Energy Management services in the UK and connects and manages over 3 MW of decentralized energy asset capacity for a smart-city district of nearly 700 apartments in Cologne. The company says it will use the new funding to advance its technology to better digitally connect distributed assets and to expand international growth. GreenCom plans to deepen partnerships with inverter, heat pump and battery manufacturers, particularly to penetrate markets in Asia and drive broader adoption of its IoT platform. GreenCom Networks develops an Energy Information Brokerage Platform (EIBP) that integrates distributed energy assets (solar PV, battery storage, EVs, heat pumps) and enables optimisation and visualisation of home energy flows. The platform makes energy data available to utilities and manufacturers of energy-relevant devices. GreenCom positions its offering around consumer-focused services, describing the customer as the asset of the future and aiming to support a connected, low-carbon energy future. The company has worked with utilities and participated in the Free Electrons accelerator, which led to a deeper collaboration with innogy. Recent investments from innogy Innovation Hub and an earlier capitalisation round involving Centrica signal external utility interest and support for the company’s growth. The article highlights GreenCom’s role in enabling digitalisation and new energy business models for utilities and device makers. GreenCom Networks is a Munich-based home energy IoT provider that offers an Energy Internet of Things (IoT) platform for utilities, energy service companies and OEMs. Led by CEO Christian Feisst, the platform digitally connects and manages distributed energy devices for optimal homeowner usage and integrates assets from a wide range of vendors. It enables new energy services such as power, heat or mobility flat-rates, energy communities and monetization of device flexibility through virtual power plants. The company secured an undisclosed funding round led by Centrica with participation from SET Ventures, Munich Venture Partners and Cosmos. Idan Mor, Centrica Innovation Investment Director, will join GreenCom's supervisory board in conjunction with the investment. GreenCom intends to use the funds to further international expansion of its Energy IoT platform across the European market.

Total raised

$15M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2020