Pelion Portfolio Firm Entrix wins new Investors to accelerate development of its AI-Powered Optimization Solution for Battery Storage and Renewable Energy
“We invested in Entrix because we see the massive potential of their technology: their service ensures a balanced supply and demand in the energy system and results in a faster and safer energy transition.”Jan Krüger, Managing Partner at Pelion Green Future
Pelion portfolio company Entrix, a software firm developing AI-driven optimization solutions for flexible energy assets such as utility-scale batteries, successfully attracted renowned new investors earlier this year. Along with pioneer investor Pelion Green Future, Hamburg-based family office ABACON CAPITAL, known for its major shareholding in Encavis AG, a solar and wind park operator listed on MDAX, Berlin-based Greentech unicorn Enpal, and clean energy investor KRAFTWERK.ventures joined the investment round.
Jan Krüger, Managing Partner at Pelion Green Future, commented: “We invested in Entrix because we see the massive potential of their technology: their service ensures a balanced supply and demand in the energy system and results in a faster and safer energy transition. It is great to see other investors demonstrating interest in such promising technology. With this group of investors, Entrix has an unparalleled amount of expertise and know-how at hand. We are convinced this will help Entrix to take bold steps forward and really accelerate the transformation to clean energy.”
Steffen Schülzchen, CEO at Entrix, adds: “We view this funding round as a strong vote of confidence in both our company’s and our team’s potential. Backed by important players of the industry, we will accelerate our growth and solidify our position as a leading innovator.”
Pelion Green Future is an independent investment firm that partners with entrepreneurs to accelerate the energy transition globally. Pelion invests in companies that develop, own and operate clean energy infrastructure. With its partners, Pelion is actively developing >10 gigawatts of renewable energy assets across Europe, North America and Australasia. Pelion was founded in 2016 and has offices in Munich, Germany and New York City, USA.
Entrix is driving the energy transition through the optimal use of flexibility in the energy system. To achieve this, Entrix employs proprietary algorithms powered by artificial intelligence, which manage the electricity from flexible energy assets such as large-scale battery storage systems. Entrix ensures that supply and demand in the electricity system are balanced, resulting in a safer and faster energy transition. The company offers optimization solutions for large battery storage systems, “hybrid systems” consisting of renewable generation and storage, as well as virtual power plants (VPPs), where smaller energy systems are placed in the market together.
Founded in Munich in 2021, Entrix’ team combines in-depth industry and technology expertise. The growth of Entrix is financed by leading companies in the energy sector, notably the Greentech unicorn Enpal, Hamburg’s family office ABACON CAPITAL, and the Clean Energy Investor Pelion Green Future. Currently, Entrix operates in Germany and the UK, the leading markets for battery storage in Europe.