Reel Raises €15 Million To Expand Renewable Energy Solutions For Businesses And Producers

The round was led by Future Energy Ventures, with backing from UVC Partners, Transition, The Footprint Firm and angel investors.

Founded in 2020 by Jon Sigvert, Anders Meldgaard, and Christian Schmidt, Reel helps businesses and renewable energy producers make renewable electricity more stable, predictable and profitable.

The company develops data-driven tools to modernize electricity markets while using flexibility and battery storage to improve grid resilience and create additional value.

Reel says Europe’s energy transition is facing growing challenges from volatile electricity prices, changing subsidies and declining project returns.

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These pressures make it difficult for businesses to manage energy costs and for renewable producers to secure stable revenues for existing and future projects.

The company is now expanding in Germany Europe’s largest energy market, where it already supports renewable projects for producers including Blue Elephant Energy and greenwind. Reel believes Future Energy Ventures’ strong network and expertise in the German energy sector will support its continued growth in the region.

Jon Sigvert, co-founder and CEO of Reel, said, “Renewable energy is Europe’s path to energy independence – but only if the economics work for everyone. High price volatility and falling project returns risk slowing the build-out at exactly the wrong moment. We’ve helped Danish businesses and energy producers keep renewable energy profitable and predictable. Now, we’re scaling that model in Germany, together with the expertise of Future Energy Ventures.”

“Reel gives businesses predictable electricity costs and energy producers better returns on their renewable energy assets. When both sides of the market work, new renewable energy projects get built and that’s what moves the energy transition forward ” said Anders Meldgaard, co-founder and CCO of Reel.

About Reel

Reel is an electricity supplier and trader accelerating the energy transition by improving the stability, impact and economic value of renewable energy for businesses and producers. Through smarter electricity trading and energy solutions, Reel helps renewable power scale faster, operate more efficiently and support a more resilient, climate-focused energy system.