Energy usage algorithms are increasingly working under the hood in consumer-side consumption grids, bringing clean tech efficiencies that also spare their operator a penny or two. The squeeze on global energy supplies is giving rise to further demand for smart energy tech products.
Quick answer
Fuergy raised €16 Million in a Funding Round round, dated January 24, 2023. Fuergy is based in Bratislava, Region Of Bratislava, Slovakia.
How much did Fuergy raise?
Fuergy raised €16 Million in a Funding Round round on January 24, 2023.
What does Fuergy do?
The story of our company began when two groups of very different kinds of people met.
Where is Fuergy based and how big is it?
Fuergy is based in Bratislava, Region Of Bratislava, Slovakia.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Fuergy that raised within 45 days of this round, from Fundz verified event records.
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Company Information
Company
Fuergy
Location
Bratislava, Region Of Bratislava, Slovakia
About
The story of our company began when two groups of very different kinds of people met. One of them were specialists with decades of experience in fields such as energy optimization and hardware & software development. The second group were innovators with a futuristic vision about incorporating the energy sector into the ever-growing sharing economy and shake the foundations of the current energy business. They put their heads together and started to work on a proprietary, highly-scalable hardware device with AI-powered software. We gave it the name “brAIn”.
After the initial period of development, the three-month pilot testing had begun. The results were astonishing. brAIn was able to reduce the energy cost by 66%. At this point, we knew that we were ready to launch talks with our first customers and utility companies. It was during these talks that we realized there is a demand for an even wider range of different products in the energy sector. Using our expertise and existing software-developing platform, we were able to improve and extend our product range. By working closely with our customers, we are able to create a tailor-made application to suit all their demands. From applications for automated trading for energy producers and portfolio management systems for utility companies, to offering all of our expertise through Energy-as-a-Service solution.
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BratislavaEnergyArtificial IntelligenceRenewable EnergyEnergy ManagementEnergy Storage