eCAPITAL Invests in Series B in Frankfurt-based node.energy’s Platform for Green PPAs

The Frankfurt-based software company node.energy has raised €15 million in an oversubscribed Series B financing round. The company enables medium-sized companies to cover their electricity needs with direct supply contracts or so-called direct PPAs from wind farms and solar power plants. With this fresh capital, node.energy plans to become the leading platform for green electricity in the business customer segment in Germany. This mission has convinced renowned investors.

The billion-euro DeepTech & Climate Fund (DTCF) and eCAPITAL ENTREPRENEURIAL PARTNERS led the round. eCAPITAL has been financing technology companies in the early to growth phase since 1999 and has also supported energy unicorn 1KOMMA5° at an early stage. 

The company has now expanded its offering for the next phase of the energy transition. The cost of wind and PV power has been falling for years and is now the cheapest source of electricity, according to a study by the Fraunhofer Institute for Solar Energy Systems (ISE). More and more companies are looking to capitalise on this cost advantage and are switching their energy procurement to direct supply contracts with wind and PV plants, known as Power Purchase Agreements (PPAs). The average savings compared to conventional electricity contracts are between 10 and 25 percent of the actual energy costs. node.energy thus helps their customers to remain competitive and contributes to securing Germany as a relevant business location.

“We are removing bureaucracy and complicated business processes in the supply chain for domestic green electricity. This makes cheap wind and PV power a locational advantage for the German economy,” says Matthias Karger, founder and CEO of node.energy.

“node.energy creates a new basis for SMEs to use cost-effective and sustainable electricity. With direct PPAs, SMEs can counteract the increasing price volatility on the energy markets and reliably plan their energy costs. Thanks to its established software business for wind and solar park operators, node.energy is well positioned to meet the needs of SME customers in the PPA-as-a-Service segment and to secure a significant market share in this future field,” said Hannes Schill, Managing Partner, eCAPITAL

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