BM2Solar has successfully closed a €2M Series A funding round aimed at enhancing the profitability for independent power producers (IPPs) through integration of battery storage. The investment, led by Axon Partners, will support the company's mission to enable IPPs to participate in various electricity markets without upfront costs. Founded in 2023, BM2Solar plans to expand its operations across Europe while employing AI to identify profitable market opportunities. The firm also focuses on energy management of solar assets through advanced digital solutions, aiming to improve investor returns and operational efficiency.
BM2Solar focuses on increasing the profitability of independent power producers' solar power plants by integrating battery storage without requiring upfront investment.
BM2Solar uses AI-driven systems to identify, in real time, the most profitable markets for solar and battery participation.
The company installs and finances battery systems without charging customers, requiring only access to an existing grid connection.
With the recent €2M Series A funding, BM2Solar will expand their team and enhance IT technology that strengthens customer assets.
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