Scale Energy secures €2m seed funding to build a decentralized battery storage network in Europe

Scale Energy, Germany’s developer of industrial battery storage systems, closed €2 million oversubscribed seed funding round. This equity funding was led by Climentum Capital, a European early-stage climate tech investor, with participation from Vireo Ventures as well as existing shareholders Antler and P3A. A number of high-profile angel investors with deep industry expertise also joined the financing round.

The funding will further enable Scale Energy to increase its operational footprint across Germany and accelerate the deployment of industrial battery projects. Battery projects will be financed through a CapEx facility provided by a DACH based energy- focused infrastructure investor with a commitment for 100 MW.

Scale Energy is building Europe’s largest decentralized network of energy storage. Instead of building expensive greenfield storage infrastructure, Scale Energy uses existing, often underutilized grid connections to store energy in batteries and balance the power grid. Additionally, by using the storage to shift electricity consumption from high- to low-price time windows and reduce their grid fees via peak shaving, industrials enhance their energy security, lower CO₂ emissions, and meet their sustainability targets.

At a time when Europe is facing the twin challenges of rising energy costs and transitioning to renewable energy, this solution has never been more important. Energy prices in Europe are now between two to three times higher than in the US. Frontier Economics estimates that battery storage could save €12bn in electricity trading costs by 2050, while Scale Energy predicts that its solution could save German industry more than €9bn per year.

Elias Aruna, CEO, Scale Energy: ''At Scale Energy, our mission is to support industrials in redefining their energy use. We deliver solutions that reduce energy costs, stabilize the grid, and drive decarbonization.''

Scale Energy has already developed a project pipeline of more than half a gigawatt at more than 100 industrial sites, mainly in Germany and Austria. Existing customers of Scale Energy include paper producers, automotive suppliers and aluminum manufacturers. Any organization that has access to a grid connection of more than 1,000 Kilowatts can benefit from Scale Energy’s services. The three founders Christoph Koessler, Nikolas Fendel and Elias Aruna combine expertise in energy operations, infrastructure financing, and engineering.

Dörte Hirschberg, General Partner, Climentum Capital: ''Scale Energy is not only unlocking an immense problem in the energy transition, but the team is also solving financial scaling challenges. Few companies manage early on to bundle venture and infrastructure CapEx financing into a convincing structure that enables attractive offerings for industrial customers.''

www.scale-energy.eco
www.climentum.com

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