Tuesday, February 27, 2024
HomeFunding Madrid-based Green Eagle Solutions Secures €6 Million in Series a Round...

[Funding alert] Madrid-based Green Eagle Solutions Secures €6 Million in Series a Round Funding

Madrid-based Green Eagle Solutions secures €6 million in series a round funding. One of the biggest private banks in Spain, the Energy Transition Tech Fund of A&G, spearheaded the investment with support from SET Ventures and Kibo Ventures, two prior backers.

Madrid-based Green Eagle Solutions secures €6 million in series a round funding. One of the biggest private banks in Spain, the Energy Transition Tech Fund of A&G, spearheaded the investment with support from SET Ventures and Kibo Ventures, two prior backers.

In the energy system, Green Eagle Solutions is located at a crucial intersection. The intermittent delivery of renewable energy from solar and wind depends on the natural resources that are accessible at any particular moment.

Read also – Warsaw-based Quesma Secures €2.1 Million in Pre-Seed Funding

Renewable energy sources become profitable and help maintain grid stability by being as dependable as conventional energy sources thanks to Green Eagle’s technology.

co-founder and CTO, Juan Fernández said, “With this fresh round of funding, the company is continuing its international expansion. We work very closely with international traders, operators and asset managers to understand their needs, and provide a SaaS product that is constantly innovating to keep up with new regulatory changes, technical challenges and market opportunities. This capital increase will allow us to move even faster,”.

With the support of the company’s automation platform, ARSOS, users may implement revenue-based operations through allowing renewable assets to function 100% autonomously.

Read also – Prague-based ServiceNow Acquires 100% stake in Robert Šamánek’s Czech Company UltimateSuite

ARSOS is able to accomplish this by integrating multi-tech portfolios, which may consist of multiple wind farms, solar power plants, hydropower facilities, and other essential components including energy metres, electrical substations, and energy storage.

Green Eagle CEO and co-founder, Alejandro Cabrera said, “The volatility and complexity of today’s energy markets demands a new approach to operating renewable energy assets. We eliminate some of the challenges of orchestrating these assets and simplify the works of all parties involved in the management With automation, our customers can leverage this complexity and optimize their business strategy.”

Juan Diego Bernal, Managing Director of A&G Energy Transition Tech Fund, added: “We believe that the technology developed by Green Eagle is unique in the market. We’re convinced that Green Eagle will be a major player in the future of the energy transition. With this round of financing, we aim to help Green Eagle scale its operations internationally”.

Anton Arts, Managing Partner at SET Ventures, commented: “To SET, the success of this round shows how vital the company’s solution is in the transition to clean energy. It’s an exciting time to be involved with Green Eagle!”

About Green Eagle Solutions

Since its start in 2012, Green Eagle has expanded greatly. With more than 3 GW of renewable energy capacity overseas and over 15 GW of installed capacity in Spain—more than 20% of the nation’s total installed capacity—ARSOS is now active. ARSOS autonomously carried out over 50,000 site curtailments and sent 40,000 directives to wind turbines in 2023 alone.

Read also – London-based Vitt Secures €1 Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular