suena energy has completed a Series A funding round to support the growth of its AI-based trading platform for battery storage and renewable energy assets.
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Hamburg-based suena energy, a company focused on algorithmic optimisation and trading for energy storage systems and renewable energy, has closed a €8M Series A funding round.
The round was led by Eneco Ventures, the investment arm of Dutch energy company Eneco, with participation from 4impact capital and existing investors InnoEnergy, J.O.S.S., Santander, and Energie 360°.
Christian Bauer, Member of the Executive Board and CEO for the DACH region at InnoEnergy, says, “Our renewed investment in suena energy highlights our confidence in the company’s pioneering solution. With its innovative approach, suena energy makes battery storage more economically attractive and takes it to the next level within the system.”
“It is an indispensable element for a stable, renewable power grid, and suena energy therefore offers the perfect solution for the rapidly growing battery storage market in Germany. It is currently one of the fastest-growing companies in this field.”
Trading solutions for energy storage and renewables
Founded in 2021 by Tom Witter, Dr. Lennard Wilkening and Miguel Wesselmann, suena energy is a technology company that provides algorithmic and AI-powered trading optimisation for battery storage systems and renewable energy assets.
Its core platform, the Energy Trading Autopilot, uses algorithms and real-time forecasts to execute trading decisions across power and ancillary service markets. The platform generates dispatch schedules that aim to maximise revenues, manage risk, and limit battery degradation.
suena energy’s services include optimised marketing for standalone storage, co-located solar (PV) and wind projects, direct marketing of renewable energy assets, portfolio optimisation, and white-label partner solutions.
A key focus of the company’s strategy is the market for co-located storage projects, which combine battery systems with renewable generation and require alignment with technical, regulatory, and economic conditions. suena energy uses a software-based approach to adapt to these requirements and support the development and integration of storage projects.
Capital utilisation
The company plans to use the funds to expand internationally, scale its business model, and improve the co-location of storage systems with renewable energy assets.
Lennard Wilkening, PhD, co-founder and CEO of suena energy, says, “This funding round marks a strategic milestone for us, enabling us to take our business model to the next level – with strong partners at our side who share our vision.”
“Eneco Ventures and 4impact are highly complementary to our existing investor base. Their strategic-operational and digital technology expertise brings us closer to our goal of becoming a leading provider of intelligent flexibility trading in Europe.”
How will investors support suena energy?
Eneco will support suena energy by providing expertise in building and operating decentralised energy solutions, leveraging its experience in electrification and energy infrastructure. Eneco Ventures will contribute operational knowledge, networks, and collaboration with entrepreneurs to expand climate-focused technologies.
Till Wyszynski, Investment Director at Eneco Ventures, says, “suena energy impressed us with its outstanding team, innovative trading platform, and clear vision. The ability to optimise complex assets like the combination of renewables and storage in real time is a crucial element of the energy transition.”
“suena energy has the potential to become a market leader in this space. We look forward to supporting suena energy in scaling across Europe and unlocking new opportunities in the flexibility market.”
4impact capital has joined the investor consortium backing suena energy as a software-focused impact investor. The firm will provide strategic guidance, access to its climate technology network, and support for team expansion and partnership development.
These efforts aim to advance suena energy’s mission to increase flexibility in the energy system and expand its role as a software provider for energy optimisation in Europe.
Pauline Wink, Managing Partner and co-founder of 4impact capital, adds, “We are deeply impressed by suena energy’s focus on optimising co-located storage and renewable energy – an increasingly vital component of the energy transition – as well as the strength and complementarity of its founding team.”
“The team has secured key customers, developed clear growth plans, and achieved significant progress. We are excited to partner with Lennard, Tom, and Miguel, and the entire team during this expansion phase.”
