The startup provides long-term fixed-price electricity contracts for mid-sized companies, enabling direct access to renewable energy sourced from new solar and wind farms. This offering helps businesses reduce their carbon footprint and meet sustainability targets while stabilizing energy costs.
Funding
$4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NVNBFounders
Product
Problem
Mid-sized companies often lack the resources and scale to directly procure renewable energy through power purchase agreements (PPAs), facing complexity, high transaction costs, and difficulty accessing favorable pricing typically reserved for large corporations. This limits their ability to reduce carbon emissions and stabilize energy costs with green power.
Solution
ECO2GROW provides a platform that enables mid-sized companies to access green electricity directly from solar and wind farms via power purchase agreements (PPAs) with long-term fixed prices. By aggregating the electricity demand of multiple companies, ECO2GROW creates virtual PPAs (vPPAs) that allow mid-market businesses to benefit from the economies of scale typically available only to large corporations. This approach simplifies the PPA process, reduces transaction costs, and provides access to renewable energy at prices below the spot market rate. ECO2GROW handles the complexities of structuring and managing the PPAs, allowing companies to focus on their core business while achieving their sustainability goals and reducing exposure to volatile energy prices.
Target Audience
The primary target audience is mid-sized companies seeking to reduce their carbon footprint, stabilize energy costs, and meet sustainability targets through direct access to renewable energy sources.
Features
- Aggregated electricity demand for favorable PPA pricing
- Virtual Power Purchase Agreements (vPPAs) with flexible terms
- Access to green electricity from German solar and wind farms
- Standardized PPA contracts for simplified and efficient agreements
- Individual PPA analysis including various scenarios
- Automated billing and transparent reporting on PPA plant electricity production
- Software to determine the optimal mix of wind and PV PPAs based on consumption patterns
- PPA contract terms starting from 1 year