Copenhagen-based startup Hybird Energy has secured €2.4 million in funding to advance its AI-powered energy management solutions, co-led by BackingMinds and Transition. The funding will help tackle Europe’s energy crisis, with rising prices and the urgency to meet energy demand by 2030. Hybird Energy is innovating in the electrical panels sector, introducing intelligent technology that drives efficiency and supports the transition to renewable energy sources. The company’s approach combines hardware and software to optimize energy consumption and facilitate digital transformation in the electrical contracting industry.
Hybird's technology has a real chance to make a significant impact on our energy grid - not in 10 years, but today. The combination of an experienced founding team and a truly refined product experience - from hardware to software to the end user, really stood out to us. Rarely do we see this level of talent come together, to solve one of our biggest challenges.
Electrical switchboards have seen no significant innovation since the introduction of Automatic circuit breakers and residual current devices in the 1960s. With Hybird we pioneer a technology driven transformation in the sector, making us the easiest way for companies to participate in the green transition and for electrical contracting companies to finally get a digital overhaul of this key part of their business.
Hybird's technology makes it possible to cut down redundant energy consumption and meet future energy demand.
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