• Dexter Energy Services

  Led · Series B · Apr 2023

  Dexter Energy is an Amsterdam-based climate tech company that provides AI-driven forecasting and trade optimization services for renewable energy and batteries. Its software helps renewable producers balance the electricity grid and optimize the use of solar, wind, and battery storage by enabling short-term power trading and automated trading strategies. The company positions its product to address price volatility and declining subsidies as renewables scale in Europe—renewables rose from 34% of generation in 2019 with a projected 70% by 2030, and Dutch producers have seen revenues drop by over 30% since 2019 due to market cannibalization and balancing costs from forecasting errors. With the new funding, Dexter plans to expand solutions for battery trading, enhance optimization tools for wind and solar, and enter new European markets. It will accelerate development and rollout of asset-backed trade optimization solutions across Europe and initially deploy battery trade optimization in the Netherlands before expanding to other key markets. The company will also grow its team and scale its product to make short-term trading more efficient and profitable for renewable producers, helping balance the grid. Dexter Energy offers an AI-driven platform that leverages advanced machine learning algorithms and big data analytics to produce renewable generation forecasts. Its software is designed to help energy companies manage short-term trading activities and optimise decisions for 100% renewable portfolios. The company raised a €10.5 million Series B to support growth. Dexter plans to use the funding to expand into new European markets and to double the size of its team by the end of the year. Investors and company leadership emphasise the platform’s role in reducing system imbalances and cutting emissions. Existing backers continue to support the company as it scales. Dexter Energy offers an AI-powered platform that helps energy providers predict supplies, demand, and market movements to optimize production and consumption. The software is aimed at renewable-energy suppliers that need accurate forecasting to compete with weather-independent fossil-fuel generation. Dexter's stated goal is to accelerate renewables' ability to compete with and phase out fossil-fuel‑fired providers. The company raised €2 million in a Series A round to support its growth. Dexter intends to roll out its optimization platform to all liberalized European energy markets in the coming years, according to CEO Luuk Veeken.

No current team members are available.