Snerpa Power, a Reykjavik, Iceland-based enterprise class energy management company, raised €2.2M in funding.
The round was co-led by Crowberry Capital and BackingMinds.
The company intends to use the funds for recruitment, international expansion and product development.
Founded by Íris Baldursdóttir and Eyrún Linnet in January 2022, Snerpa Power provides an energy management system that enables companies to leverage real-time data for improved and automated decision-making around electricity consumption, scheduling, contract management and providing flexibility to the grid. By being present in flexibility markets through the software, industries can safely and contribute to grid balancing and stabilisation without putting a risk their core operations.
Snerpa Power can serve clients across the power intensive industry, such as metal producers, data centres, hydrogen producers.
FinSMEs
31/08/2023