Dexter Energy Raises €10.5 Million To Expand Its Ai-Based Renewable Power Generation Forecasting Markets And Double Its Team

Apr 18, 2023•over 2 years ago

Amount Raised

€10.5 Million

AmsterdamRenewable EnergyEnergyArtificial Intelligence

Investors

PdenhNewionRockstartAsteliaEtf Partners

Description

Dutch firm Dexter Energy uses AI-based renewable power generation forecasting for short-term energy trading solutions. It has announced it raised a €10.5 million Series B round to support its expansion into new European markets as it aims to double the size of its team by the end of this year.

Company Information

Company

Dexter Energy

Location

Amsterdam, North Holland, Netherlands

About

Dexter Energy offers AI-based forecasting and short-term trade optimization products to mitigate balancing risk and maximize revenues for renewable energy companies. The services optimize the portfolio of energy companies by accurately forecasting wind and power generation and imbalances on the grid, resulting in up to 35% balancing cost savings.

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