Investor Octopus Energy Generation invests € 40 million in metiundo

Berlin/London — Berlin-based energy and tech scale-up metiundo has secu­red a €40 million finan­cing round from funds raised by Octo­pus Energy Gene­ra­tion, the leading inves­tor in rene­wa­ble energy and green infra­struc­ture. With the fresh capi­tal, metiundo intends to signi­fi­cantly acce­le­rate the roll­out of smart meter­ing systems and further deve­lop its soft­ware plat­form in a targe­ted manner. 

This will enable new, data-driven solu­ti­ons to be imple­men­ted more quickly — and measur­a­bly advance the energy tran­si­tion in the buil­ding sector. metiundo offers “Smart Meter­ing as a Service” and covers almost the entire value chain of smart meter­ing systems in-house: from plan­ning and instal­la­tion, opera­tion and market commu­ni­ca­tion to the soft­ware inte­gra­tion and proces­sing of cross-sector meter­ing data. For the first time, this crea­tes an over­all picture of a proper­ty’s energy and water consump­tion and thus a key prere­qui­site for combi­ning consump­tion and gene­ra­tion in a meaningful way instead of looking at indi­vi­dual sectors in isolation. 

More instal­la­ti­ons, more soft­ware, more speed

In view of the high pres­sure to imple­ment the nati­on­wide smart meter roll­out, smart meter­ing systems must be rolled out quickly. Compe­ti­tive meter­ing point opera­tors are a key lever for spee­ding up the rollout. 

“The market is so dyna­mic precis­ely because compe­ti­tive meter­ing point opera­tors are driving imple­men­ta­tion forward. From the very begin­ning, we have consis­t­ently inves­ted in our own soft­ware and thus achie­ved a level of quality and flexi­bi­lity that sets us apart from the compe­ti­tion. With the new finan­cing, we are now deter­mi­ned to conti­nue scaling: more instal­la­ti­ons, higher quality and even more speed in expan­ding our plat­form,” says Dennis Nasrun, Co-Foun­­der and CEO of metiundo.

An all-in-one plat­form for inte­gra­ted meter­ing across energy and water “The buil­ding and heating sector is one of the biggest CO₂ emit­ters in Germany and is respon­si­ble for around 30% of energy-rela­­ted emis­si­ons. At the same time, the meter­ing indus­try is deve­lo­ping rapidly and rethin­king how we measure, control and connect energy systems. When solu­ti­ons like metiundo’s are scaled, house­holds and busi­nesses in Germany can become gree­ner and reduce costs by opti­mi­zing the use of tech­no­lo­gies such as photo­vol­taics and on-site battery storage. We are proud to support metiundo in driving this much-needed trans­for­ma­tion,” Alex Brier­ley, Co-Head of Octo­pus Energy Gene­ra­ti­on’s fund manage­ment business.

The funding will go towards the further deve­lo­p­ment of the soft­ware plat­form and the expan­sion of the instal­la­tion and assem­bly team. metiundo plans to hire addi­tio­nal specia­lists in a targe­ted manner — parti­cu­larly in the areas of soft­ware deve­lo­p­ment, instal­la­tion and opera­tion. The aim is to set up inte­gra­ted smart meter networks across seve­ral proper­ties in order to enable addi­tio­nal data-based solu­ti­ons for customers. 

About metiundo

metiundo is an energy scale-up with exper­tise in regu­la­tion, IT and measu­re­ment tech­no­logy. The company has offices in Berlin and Heidel­berg and was foun­ded in 2021 by Dennis Nasrun and Felix Mücke. With 70 employees, metiundo offers a compre­hen­sive solu­tion for the digi­ta­liza­tion of energy and water data — even in complex buil­dings. This crea­tes the basis for the decen­tra­li­zed energy tran­si­tion in the buil­ding sector. — www.metiundo.io

About Octo­pus Energy Generation

Octo­pus Energy Gene­ra­tion is driving the expan­sion of rene­wa­ble energy and buil­ding green energy for the future. The company is resha­ping the market by driving the tran­si­tion to a clea­ner, gree­ner future through rene­wa­ble projects that are more closely connec­ted to custo­mers and busi­nesses. As one of Euro­pe’s largest specia­li­zed inves­tors in rene­wa­ble energy and the energy tran­si­tion, Octo­pus Energy Gene­ra­tion mana­ges 4.9 GW of green energy projects in 21 count­ries — inclu­ding wind and solar farms as well as other tech­no­lo­gies such as grid infra­struc­ture and e‑mobility char­ging points. The port­fo­lio is worth £7 billion (US$9 billion / €8.5 billion). The plants gene­rate enough green elec­tri­city for 3.2 million house­holds every year — the equi­va­lent of taking over 1.3 million petrol cars off the road. — www.octopusenergygeneration.com

metiundo

+++ UK green tech inves­tor Octo­pus Energy Gene­ra­tion invests 40 million euros in metiundo. The Berlin-based start-up, foun­ded in 2021 by Dennis Nasrun and Felix Mücke, offers “property owners a compre­hen­sive solu­tion for the trans­pa­rency and opti­miza­tion of their energy and water consump­tion”. In parti­cu­lar, the aim is to “reduce CO2 emis­si­ons in the real estate sector”. Berli­ner Volks­bank recently provi­ded the company with 5 million euros as part of project finan­cing. Prior to this, the EnBW subsi­diary Enpulse Ventures (33.5%) in parti­cu­lar inves­ted in metiundo. — www.metiundo.io