Delta Green funding news – Prague-based Delta Green Secures €2.2 Million in Funding

The money is intended to support the company's growth into Western Europe and enable it to provide a more comprehensive sustainable energy management programme for homes.

Delta Green’s co-founder Jan Hicl said, “Our aim is to become a catalyst for innovation in household energy across Europe and this investment represents a significant step towards that vision, We have earmarked the funds for three key areas: finalizing the development of software to facilitate household engagement in grid balancing, expanding our presence into Western Europe, and bolstering our team with new hires, primarily in software development.“

Andrew Gray, General Partner at Tilia Impact Ventures said, “In order to clean up the carbon footprint of our energy sector, we need more renewable sources on the grid. But wind and sun are unpredictable and this creates energy fluctuations which must be balanced out, Delta Green has developed a low-cost solution to this problem, and we believe that this could be a key puzzle piece in enabling more renewable energy generation and lowering the cost of electricity for everyone. We’re excited to partner with them in taking this global, ”.

As an energy flexibility aggregator, Delta Green is at the forefront of innovation in the energy industry. Its solution makes it possible to massively integrate renewable resources into the grid without jeopardising system stability.

Read also - Powall funding news – Dutch-based Powall Secures €3Million in Funding

The company's goal is to integrate homes into grid balancing by grouping them into a massive virtual battery. Homes with electric vehicles, heat pumps, photovoltaics, or batteries can earn or save hundreds of euros a year with Delta Green.

This entails planning the intended integration of houses into grid balance in addition to controlling electricity output and consumption. Currently, fossil fuel power plants dominate this billion-euro sector. And they are the very ones that the creative minds at Delta Green want to swap out for homes.

Delta Green’s co-founder David Brožík said, “As our initial move, we’re introducing the service to Czech households, aiming to aggregate tens of megawatts, As Delta Green expands into Europe, they’ll be handling hundreds of megawatts. That’s why it’s crucial to develop a robust and stable solution now, which will help replace fossil fuel sources with electricity that’s currently being wasted in households. They estimate they’ll only need about 200 households per megawatt.

About Delta Green

Delta Green. A small but ambitious team striving to reduce household electricity costs and green the Czech energy sector. They are a green-tech startup with a solid foundation in technology and a well-defined goal.