Energy innovation in Europe is increasingly driven by advances in software and artificial intelligence, which play a crucial role in transforming the continent’s energy systems. As Europe aims for climate neutrality by 2050, it is essential to modernize the electricity grid to integrate renewable energy sources and manage decentralized energy production. Generative AI and software are leading this transformation, optimizing the integration of renewable energy and improving grid management, thereby advancing both EU climate targets and competitiveness.
AI helps solve the complexities of energy management, such as predicting consumption and production patterns, which is essential for maintaining a stable grid. As Europe moves from a few large power plants to a diverse network of renewable sources, including wind farms or solar systems, AI enables network operators to process large amounts of data, make informed decisions and to avoid bottlenecks and power outages.
Overall, software and AI are at the heart of European energy innovations, offering solutions that improve efficiency, reduce costs and support ambitious sustainability goals. In light of these developments, we have compiled a list of 10 of the most promising European energy innovation startups. Founded between 2020 and 2024, these companies are pioneering new approaches that will reshape the way energy is produced, managed and consumed across the continent.
ACCURATE: This battery analysis company founded in 2020 and based in Aachen, leverages software and AI to optimize battery performance and longevity. Their innovative platform continuously monitors battery health, detects issues quickly, and improves performance, minimizing downtime and preventing outages. By analyzing data from battery management systems, ACCURE identifies faults, predicts maintenance needs and extends battery life. Their solutions are particularly beneficial for industries such as automotive, energy storage and public transportation. The company successfully raised 17 million euros to support its mission.
Clean Watts: Combining the benefits of real-time energy efficiency with the activation of a wide range of local assets (any equipment that generates, consumes or stores energy), this Coimbra startup maximizes the value of energy produced, consumed and stored within a community, providing clean energy at a lower cost than conventional electricity. Founded in 2020, it raised €16 million to create groundbreaking software that includes a Virtual Power Plant (VPP), allowing users to aggregate various energy loads and activate market balancing services in support of operators local networks.
Climate: Based in Berlin, this startup offers a powerful carbon calculation engine that helps product teams seamlessly integrate emissions measurements into their software. Through an easy-to-use API, it allows businesses to automate complex CO2 emission calculations and gain clear insights into the carbon footprint associated with activities such as cloud computing, energy consumption , travel, manufacturing and waste. By leveraging the world’s largest database of scientifically verified emission factors, which covers 300 regions and all sectors of the economy, Climatiq makes sustainability information more accessible. Founded in 2021, the company has already raised 7.3 million euros to pursue its mission.
Emulate energy: Offering a SaaS platform for mid-sized electric utilities, this revolutionary company enables behind-the-meter services that provide flexibility as end customers demand. Based in Lund and founded in 2020, it raised 5 million euros to develop virtual battery technology. This innovation allows utilities to control the entire value chain, helping customers reduce their energy bills and integrate distributed energy resources into energy markets, improving efficiency and network sustainability.
Ogre AI: Headquartered in London and Bucharest, Ogre AI is a developer of an artificial intelligence platform for energy management that supports financial and operational decision-making through machine learning. Founded in 2021, this pioneering company has raised €5.6 million to provide insights into consumption, network technical aspects, commercial losses and anomalies, enabling clients to make accurate market forecasts and establish benchmarks for operational and forecasting tools.
ProptechCore: Located in Stockholm and founded in 2020, ProptechCore developed DecarbAI to accelerate building decarbonization and energy optimization through open data and AI. Their AI-based platform integrates energy systems, optimizing building performance and transforming them into thermal batteries to reduce costs and energy consumption. DecarbAI adapts to fluctuations in network demand, prices and carbon intensity, working with telecom operators and energy providers to manage energy efficiently. With 2 million euros raised since its creation in 2020, ProptechCore thrives in creating adaptable, energy-efficient buildings for a carbon-neutral future.
CHIMERICAL: Offering a SaaS solution for billing, this cutting-edge system is specifically tailored to utilities and renewable energy communities. Located in Madrid, it offers automation, regulatory compliance, triggers and alerts, and industry-specific integrations. By streamlining business processes and integrating various platforms, the solution helps customers optimize their operations while opening new revenue streams. Created in 2021, the company has raised 2 million euros to date.
Reonic: This revolutionary climate technology software company based in Augsburg, specializing in innovative renewable energy solutions. Its main goal is to develop innovative software integrating various renewable energy technologies, including photovoltaic systems, electric vehicle chargers, heat pumps and battery storage. Reonic’s flagship platform streamlines the sales, planning and management of these systems, providing transparent and integrated energy solutions to the industry. Founded in 2021, the company managed to raise 13 million euros to accelerate its mission in the renewable energy sector.
Suena: This Hamburg stratup founded in 2021 is a market provider specializing in optimization and energy trading services for large-scale energy storage. Its innovative platform, Autopilot, maximizes the monetization of energy storage using a multi-market approach that integrates diverse revenue streams from the electricity and balancing markets. By analyzing forecasts, real-time market data and battery aging patterns, Autopilot determines the optimal trading schedule. Suena aims to drive the adoption of energy storage and facilitate the energy transition, having raised €4.2 million to date.
Vind AI: Dedicated to streamlining the development of offshore wind projects, this company focuses on the selection, concept and pre-FEED design phases to reduce risks and improve sustainability. Founded in 2022 in Oslo, its disruptive software minimizes wake losses while maximizing energy production and efficiency, providing essential tools for modern wind energy development. The company managed to raise 3 million euros to support its mission.
