Germany has set bold targets for the renewable revolution: 80% renewable energy by 2030 and 100% by 2035. But here’s the catch: when the sun isn’t shining or the wind isn’t blowing, the grid struggles to keep up. To keep the lights on, the grid needs flexibility—flexibility that’s hiding in millions of homes. That’s where SpotmyEnergy comes in.
The Problem
Less than 2% of German households have smart meters, leaving millions of homes unable to fully leverage their energy assets like solar panels, heat pumps, and EVs. Meanwhile, local installers—who dominate the market—lack the tools to unlock this potential, offering only basic installations instead of enabling homes to actively participate in the energy market.
It’s a massive bottleneck that slows down the energy transition, just when we need it to accelerate.
The Solution
SpotmyEnergy transforms homes into virtual batteries, making them active players in the energy market. Their all-in-one solution combines smart meters, energy management systems, and dynamic tariffs to cut grid energy use by up to 50% while significantly reducing energy bills.
SpotmyEnergy also empowers local installers with the tools to offer advanced energy solutions, leveling the playing field with larger players. With over 50 installation partners already on board and more joining daily, the company is scaling fast to meet growing demand.
“Over the past year, we successfully launched our product in the market and have seen significant demand for our solutions. To meet this demand more quickly and unlock the much-needed potential of connected flexibility behind millions of meters, we decided to raise fresh capital,” says Jochen Schwill, Founder and CEO of SpotmyEnergy, who previously also founded NextKraftwerke. “We are thrilled to have found investors who share our vision of a transparent, affordable, and sustainable energy supply for private households.”
“Households are key to a green energy future—both as producers of green power and managers of flexible energy assets. Yet, their potential remains untapped, and installers lack the tools to unlock it. That’s why we’re thrilled to back the experienced SpotmyEnergy team empowering households with an all-in-one solution that cuts energy bills while driving the green energy revolution forward,” adds Fabian Erici, Principal at Norrsken VC.
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Looking Ahead
To help scale this transformative solution, we joined forces with Vorwerk Ventures and Picus Capital in a €10.5 million seed round. This funding will enable SpotmyEnergy to accelerate its mission to integrate millions of households into the energy market.
The company isn’t just fixing the grid’s flexibility problem—they’re making households a vital part of the renewable energy future. We’re proud to welcome the SpotmyEnergy team to the Norrsken VC family.
