Emaldo® secures 65 MDKK funding to support European expansion and offerings towards the commercial and industrial segment

Copenhagen, Denmark (September 19, 2024) - Emaldo has successfully raised 65 million DKK in its latest investment round, marking a pivotal moment in the company’s strategy to expand across Europe and enhance its innovative offerings tailored to the commercial and industrial sectors.

Emaldo’s vision is to revolutionize the energy market through smart energy management supporting the global shift toward renewable energy. By pioneering energy optimization technologies and integrating purpose-built hardware, Emaldo is accelerating the transition from fossil fuels to renewable sources.

The company’s comprehensive product range offers cost-saving and value-enhancing solutions for consumers, industries, and commercial applications, positioning Emaldo as a trusted partner for everyone interested in reducing electricity costs, carbon footprint and realizing passive income, through stabilizing the electricity grid to handle the increasing volumes of renewable energy.

“The market response and trust shown from our many partners throughout the Nordic region has been overwhelming. The interest has led to a stronger-than-expected order book, underlines the increasing demand for our solutions and the confidence our customers place in Emaldo. Our success is a testament of their trust, and we are eager to continue this journey of expansion and green innovation” says Steffen Bjerregaard, CEO of Emaldo.

Investing in vertical integration allows Emaldo to empower consumers and businesses to pool their battery storage resources into a Virtual Power Plant (VPP). This large-scale grid-balancing technology, combined with industry-leading C2 rapid response batteries, delivers superior balancing revenues and operational performance.

“Our advanced low-voltage battery systems, featuring high capacity and rapid response rates, together with our IoT platform and real-time price tracking, enable customers to effectively embark on our VPP. Our customers can expect continuous monthly payouts through our Grid Rewards program, while playing a vital role in supporting the green transition” says Yash Jathkar, Head of Strategic Programs at Emaldo.

For more information, please contact: press@emaldo.com or visit www.emaldo.com.