The amount of the deal was not disclosed.
The investment, which is subject to approval by Germany’s national merger and competition authority, the Bundeskartellamt, will allow for the further strategic expansion of the company.
Founded in 2009 by Hendrik Sämisch and Jochen Schwill, Next Kraftwerke is an independent digital aggregator of renewable energy offering forecasting and trading of renewable energies, optimized production of distributed assets, and demand response solutions. In the German market, the company has more than 4,000 decentralized assets aggregating more than 2,800 MW of energy capacity.
Next Kraftwerke is now expanding throughout Europe with operations in Austria, Belgium, France, Italy, the Netherlands, Poland, and Switzerland.