Amsterdam’s Dexter Energy Secures €23M To Expand AI Energy Platform

The round was led by Klima, the energy transition fund from global investment firm Alantra, with participation from Mirova and continued support from existing investors including ETF Partners, Newion, and PDENH.

Alantra is an international mid-market financial services firm. Its Klima fund, worth €210 million, focuses on backing late-stage startups driving the energy transition.

“Dexter Energy exemplifies the kind of cutting-edge energy tech we seek to invest in at Klima: solutions that combine advanced AI with deep energy market expertise to drive real impact. Their ability to optimise renewable and battery trading in and across multiple complex markets will be critical as Europe scales its clean energy infrastructure”, said Iñigo Echaniz, Partner at Alantra’s Energy Transition fund, Klima.

The funding will help the company enhance its battery trading solutions, improve its optimisation tools for wind and solar energy, and expand into new markets across Europe.

“We’re excited to welcome Klima aboard,” says Luuk Veeken, CEO and founder of Dexter Energy. “They share our belief that AI is now essential infrastructure for an electricity grid increasingly powered by renewables and storage. This investment enables us to grow our team, expand into new markets, and redefine short-term trading for wind, solar, and battery portfolios. In doing so, we can help more companies get the most out of their clean energy and support them in balancing the grid.”

Founded in 2017, Dexter Energy uses machine learning and optimisation to make short-term power trading smarter and more profitable for renewable energy providers.

By combining forecasting, automation, and asset management, Dexter helps companies get the most out of their wind, solar, and battery assets.

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Dexter operates in nine European countries and has a team of 90 experts in energy markets, AI, data engineering, and meteorology.

The company supports over 80 energy players, including Centrica Energy, Pure Energie, and Luminus, and is committed to accelerating the shift to a fully carbon-free power system.

About Dexter Energy

Dexter Energy provides AI-powered forecasting and short-term trading tools that help renewable energy companies reduce balancing risks and boost revenue. By accurately predicting wind and solar generation and grid imbalances, Dexter’s solutions can cut balancing costs by up to 35% and improve overall portfolio performance.