QOS Energy, a Nantes, France-based renewable energy management platform, raised €3m in funding.
Backers included ETF Partners and current shareholder Go Capital.
The company intends to use the funds to enrich analytics, develop grid balancing and storage-ready services, and continue international expansion.
Founded in 2010 and led by Franck Le Breton, CEO, QOS Energy provides a cloud-based renewable energy management system – Qantum®, which collects data from millions of sensors and devices deployed across multiple solar, wind, biogas, hydro, storage and hybrid assets and transforms it into comprehensive analytics enabling professionals including plant managers, analysts, energy traders and maintenance engineers to improve operational processes and financial returns.
The company currently serves Europe-, North America- and India-based renewable energy producers, asset managers and O&M services providers including Neoen, Conergy Services and Solv.