Enerbank operates a digital reverse auction platform for electricity procurement, enabling businesses and municipalities to secure the lowest energy rates from over 35 participating power suppliers. The platform addresses the rising costs of electricity by facilitating access to renewable energy sources and supporting decarbonization efforts through efficient procurement strategies.
Funding
$5.6M 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.
Founders
Product
Problem
Businesses and municipalities face increasing electricity costs and pressure to decarbonize, requiring efficient procurement strategies and access to renewable energy sources. Traditional methods of securing energy rates can be inefficient and lack transparency, hindering efforts to find the lowest prices and support sustainability goals.
Solution
Enerbank operates a digital platform that facilitates reverse auctions for electricity procurement, enabling businesses and municipalities to secure competitive energy rates. The platform connects customers with a network of over 35 power suppliers, fostering competition and driving down costs. Enerbank supports decarbonization efforts by facilitating access to renewable energy sources through its auction services. In addition to electricity procurement, Enerbank offers services for trading environmental value, and support for introducing solar power generation facilities.
Target Audience
Enerbank primarily serves corporations and municipalities seeking to reduce electricity costs and achieve decarbonization goals.
Features
- Reverse auction platform connecting businesses with over 35 electricity suppliers
- Support for RE100 and market-linked electricity contracts
- Environmental value trading platform for green power certificates and non-fossil certificates
- Support for introducing self-consumption solar power generation facilities, including PPA provider selection
- Joint procurement projects for renewable energy and non-fossil certificates
- Digital concierge service providing support for energy procurement and decarbonization