Dutch energy storage startup Eddy Grid secures €1.5M to tackle overburdened grid congestion

Utrecht-based Eddy Grid, an energy storage startup, secures €1.5M to combat grid congestion, with Amsterdam-based VC and accelerator Rockstart joining the funding. Eddy Grid, part of Rockstart Energy’s portfolio, will enter the Rockstart Energy accelerator programme in February 2024. The current funding round was led by the Graduate Entrepreneur fund, Herberth Samsom, and backed by Rockstart’s Energy Fund and Volve Capital. Notable angel investors, including Jan Saan of CM.com, Thijs Verheul, Sjuul Berden of United Wardrobe, and Bastiaan van de Rakt of WhyCommitCapital, have also participated in the round. Since 2014, Rockstart claims to have led the way in energy startup acceleration, making 75 early-stage investments. The portfolio has raised over €150M collectively.  Rockstart Energy focuses on pre-seed investments, providing ongoing support through series B, averaging around 12 energy startup investments annually.

The funds will help Eddy Grid accelerate its growth. The team plans to broaden customer services and speed up collaborative initiatives, including the Energy Hubs partnership with Skoon Energy. Sam Rohn, CEO and co-founder of Eddy Grid, says, “We are incredibly pleased that so many people are eager to help build a greener and more resilient world. There was an enormous amount of interest and support for our plans and confidence in our team.” “We believe that together with these experienced partners we can accelerate and increase our impact.”

Founded in 2023 by Emma Wolthuizen, Jasper Cramwinckel, Maxim Sprey, and Renno Welberg, Eddy Grid is a player in the energy storage sector to ensure stable access to renewable energy through substantial energy storage. Eddy Grid is dedicated to ensuring continuous access to affordable green energy, fostering sustainable consumption, and indirectly advancing the electrification of mobility and industry. Catering to businesses of all sizes, the startup offers solutions for power shortages, surplus capacity, or solar panel owners, emphasising transparency in their approach. Max ter Horst, Managing Partner at Rockstart Energy, says, “We are thrilled to have Eddy Grid on board in our portfolio and our accelerator programme. They have an impressive team with strong commercial skills and a proven track record in building scalable businesses.” “Their energy management and storage solutions address the urgent pain of grid capacity limitations for C&I customers, which is reflected in their strong traction so far. We look forward to supporting Eddy Grid in expanding their business and impact on the energy transition.”

Rockstart is an early-stage investor that empowers purpose-driven founders in Energy, AgriFood, and Emerging Technologies.  Through its three funds, it invests in early-stage startups, connecting founders with capital, markets, and expertise from its network of co-investors, mentors, partners, and corporates. Rockstart has invested in over 340 startups with an alumni valuation exceeding €1.3B. Notable exits include Wercker, Dan.com, Hubs.Com, Bouw7, iClinic, and Brincr. The firm has offices in Amsterdam, Copenhagen, and Bogota.