Reel, a Copenhagen-based energy technology company, has raised €15 million in a Series A round led by Future Energy Ventures, with participation from UVC Partners, Transition Ventures, The Footprint Firm, and a group of angel investors. The platform helps businesses secure more predictable electricity costs while improving returns for renewable energy producers. Having established its model in Denmark, Reel plans to use the new funding to expand its presence in Germany, Europe’s largest energy market, refine its products, grow its renewable energy portfolio, and build out its commercial team as it seeks to accelerate renewable energy adoption across the region.
Founded to help businesses and renewable energy producers navigate increasingly volatile electricity markets, Reel provides services including power purchase agreements (PPAs), on-site solar and battery solutions, and energy flexibility management. The company aims to make renewable energy more predictable and financially viable for both energy consumers and producers.
“Renewable energy is Europe’s path to energy independence – but only if the economics work for everyone. High price volatility and falling project returns risk slowing the build-out at exactly the wrong moment. We’ve helped Danish businesses and energy producers keep renewable energy profitable and predictable. Now, we’re scaling that model in Germany, together with the expertise of Future Energy Ventures,” says Jon Sigvert, CEO, Reel.
The funding comes as European energy markets continue to face pressure from fluctuating electricity prices, changing subsidy schemes, and declining returns on renewable energy projects. According to Reel, these challenges create uncertainty for businesses seeking stable energy costs while making it harder for renewable energy producers to secure long-term revenue streams.
“Reel gives businesses predictable electricity costs and energy producers better returns on their renewable energy assets. When both sides of the market work, new renewable energy projects get built – and that’s what moves the energy transition forward,” states Anders Meldgaard, CCO, Reel.
Since launching its commercial operations, Reel has worked with businesses across sectors including manufacturing, real estate, hospitality, and media. The company also collaborates with renewable energy producers such as Eurowind Energy, Momentum Energy Group, and Green Wind.
The new capital will primarily support Reel’s expansion into Germany, Europe’s largest energy market. The company already works with German renewable energy producers including Blue Elephant Energy and greenwind, providing balancing and energy management services.
“Germany is the defining energy market of this decade – the scale of transition required is enormous, and the window to get it right is narrow. Reel has built something rare: a model that makes renewable energy profitable for producers, predictable for businesses, and manageable for the grid. That’s what Germany needs right now, and why we backed Reel,” comments Ohad Mamann, Investment Partner, Future Energy Ventures.
In addition to geographic expansion, Reel plans to use the investment to further develop its products, expand its renewable energy portfolio, and grow its commercial team in Germany.
“When we first backed Reel in 2022, we saw a rare combination: a deep understanding of how power markets actually work, paired with the conviction to build a model that aligns producers, businesses, and the grid. Watching them prove that model in Denmark and now bring it to Germany – Europe’s most consequential energy market – is exactly the trajectory we hoped for. Reel is solving the economic problem at the heart of the energy transition, and Germany is where that matters most,” says Alexander Kiltz, Principal, UVC Partners.
Future Energy Ventures, which led the round, cited Germany’s energy transition as a key investment driver. The firm believes Reel’s model addresses a central challenge of the energy transition by helping align the interests of businesses, renewable energy producers, and the power grid.
The funding marks the latest step in Reel’s growth strategy as it seeks to scale its energy management platform beyond Denmark and strengthen its position in the European renewable energy market.
Read the orginal article: https://arcticstartup.com/reel-raises-e15-million/
