Currentt, a Dutch cleantech startup, secured €1.7M in a pre-seed funding round for its Currentt Navigator energy management system. The initiative aims to address grid congestion and challenges tied to net metering and cyber risks. Funded by investors with expertise across the energy value chain, Currentt focuses on the growing issue in the Netherlands, where 12,000 companies face power connection delays, costing the economy billions. The looming expiration of net metering in 2027 threatens household finances, as current solar power practices would yield minimal returns without incentives.
The Currentt Navigator is designed to address grid congestion, the phase-out of net metering, and cyber risks, empowering consumers and businesses to manage energy use efficiently.
With over 12,000 companies awaiting power connections, Currentt's innovation is critical to averting a €10B-€35B annual loss in economic benefits and enhancing sustainability.
Currentt aims to mitigate the adverse effects of the net metering scheme expiration in 2027, which could leave households financially vulnerable due to inefficient solar power utilization.
Infrastructure improvements to strengthen the Dutch electricity grid are necessary and estimated at €200B, imposing a significant burden of over €20,000 per household.
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