Emulate Energy Secures €5M to Advance Smart Grid Solutions

Photo: Niklas Hampinen

Lund-based Emulate Energy, a participant in the Investment Accelerator Programme during 2024, has successfully closed a €5 million Series A funding round. The round was led by Finland’s Helen Ventures, with participation from Germany’s Enpulse and existing Swedish investors including Skellefteå Kraft and CC.VC.

Emulate Energy specializes in residential energy flexibility, optimizing the use of distributed energy resources (DERs) such as heat pumps, batteries, EV chargers, and solar panels. Their platform enables utilities to stabilize the grid, minimize carbon impact, reduce consumer costs, and increase their margins by trading demand-side flexibility on electricity markets.

CEO Shwan Lamei commented on the evolving energy landscape:

“The energy system is evolving rapidly. In the next decade, millions of distributed energy resources will come online. For utilities to unlock their full potential, these devices must align their consumption with clean, affordable energy. Emulate is leading this shift by making energy-market participation seamless and lucrative for consumers and utilities alike.”

Their success underscores the impact of targeted support and connections provided by the Investment Accelerator Programme. When asked what participating in the programme has meant for Emulate, Shwan Lamei expressed his gratitude:
“The program was super helpful for us, we got excellent support preparing for the round and the events were relevant and impactful.”

For more information on Emulate Energy and their solutions, visit emulate.energy.