€8 Million Series A Funding for SpinLab Alumni Suena energy

SpinLab startups continue to make waves: suena Energy, part of our 13th batch, has successfully raised €8 million in Series A financing. The company is at the forefront of algorithmic optimisation and trading in energy storage and renewable energy.

AI-Powered Optimisation Driving the Energy Transition

Suena Energy’s proprietary Energy Trading Autopilot allows for fully automated, AI-driven trading of flexibilities across all major power and ancillary service markets. The platform leverages real-time data and forecasts to create optimal dispatch schedules, maximising revenue while reducing risk and battery usage. A particular emphasis is placed on co-located projects, where storage systems are paired directly with generation assets, unlocking additional revenue streams and enhancing grid stability.

Strong Investor Support

The funding round was led by Dutch company Eneco Ventures and joined by 4impact capital. Existing investors, including InnoEnergy, J.O.S.S., Santander, and Energie 360°, also participated.

“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.” said Lennard Wilkening, Co-Founder and CEO of suena Energy. Eneco Ventures and 4impact are highly complementary to our existing investor base. Their strategic-operational and digital technology expertise bring us closer to our goal of becoming a leading provider of intelligent flexibility trading in Europe.”

Investors are equally enthusiastic about the startup: ,,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.” - said Till Wyszynski, Investment Director at Eneco Ventures.

Future Plans of suena energy

Investors are confident in suena Energy’s potential for rapid growth and international expansion and that’s exactly what the company aims to do. With the new capital, suena Energy plans to scale its business model and extend its presence beyond Germany. A central aspect of this growth strategy is tapping into the increasing demand for co-locating storage systems alongside renewable energy assets.