Flower funding news – Stockholm-based Flower Secures €45 Million in Series A Round Funding

Flower Aim

It aims to create a clean energy system by enhancing flexibility and stability in energy grids while helping renewable energy asset owners increase their revenue. They achieve this through their AI-driven platform and supporting hardware.

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Plan of the company

The company plans to use the funds to expand across Europe and develop its Battery Energy Storage Systems. Currently operating in Sweden and Denmark, Flower aims to enter the DACH region, France, the Netherlands, and Belgium by 2025 and 2026.

John Diklev, Founder and CEO of Flower, commented: “2024 has already been a pivotal year in Flower’s growth, marked by our acquisition of Sweden’s largest battery park and the announcement of significant new partnerships. Completing our Series A round and bringing on board leading Swedish and European investors is a major milestone, not only for Flower’s journey but also in building the energy systems of tomorrow.”

Pär-Jorgen Pärson, General Partner at Northzone and a new member of Flower’s board, added “We’re very excited by the team’s pioneering approach to renewable energy challenges, combining cutting-edge AI-driven optimization and grid-level battery systems to transform Europe’s energy grid. We’ve never seen such a fast-moving company.”

Co-founder and Managing Partner at Giant Ventures Cameron McLain said: “Energy flexibility is essential to building a resilient energy grid. Flower has achieved impressive growth with its bold vertically-integrated approach, and we’re excited for what’s next.”

About Flower

Flower is a leader in battery storage trading and optimization in Sweden combining advanced software with flexible energy assets to support future renewable energy systems.