Copenhagen-based Reel has secured €15 million in Series A funding to accelerate its expansion into Germany, Europe’s largest and most volatile electricity market.
The round was led by Future Energy Ventures, a Berlin-based investor focused on technologies supporting the energy transition.
Tackling Energy Price Volatility In Europe
Germany’s energy market is under increasing pressure from rising price volatility, changing subsidy frameworks, and declining project returns for renewable energy operators. These conditions are creating uncertainty for both businesses and energy producers.
Reel aims to address this by helping companies secure more predictable electricity pricing while enabling renewable energy operators to improve profitability through advanced energy trading and optimisation tools.
Its platform combines:
- Power Purchase Agreements (PPAs)
- Algorithmic electricity trading
- Battery storage optimisation
Together, these tools help stabilise energy costs for businesses while maximising revenues for renewable energy producers.
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Scaling A Model Already Proven In Denmark
Founded in Denmark, Reel has rapidly expanded since 2023 and now works with businesses across sectors including manufacturing, hospitality, real estate, and media.
The company also partners with renewable energy operators such as Eurowind Energy, Momentum Energy Group, and Green Wind.
For producers, Reel’s trading algorithms optimise electricity sales in real time across multiple markets, improving returns and supporting the financing of new renewable projects.
Supporting Europe’s Energy Independence
The company positions its model as part of Europe’s broader push for energy independence.
CEO Jon Sigvert noted that renewable energy can only scale sustainably if the economics work for both businesses and producers. High volatility and shrinking margins risk slowing renewable deployment at a critical time for Europe’s transition away from imported fossil fuels.
Growing Presence In Germany
Reel is already active in Germany, supporting renewable projects for companies including Blue Elephant Energy and greenwind.
The company plans to establish a full commercial team in Germany during 2026, with additional European market expansion planned afterward.
Backed By Energy And Climate Investors
This latest round follows Reel’s €5 million seed financing in 2024 led by Transition, as well as a €2.3 million pre-seed round in 2022 led by UVC Partners.
Additional investors include:
- The Footprint Firm
- Daniel Nathan
- Juergen Mayerhofer
- Christian Bach
About Reel
Founded to support the renewable energy transition, Reel develops electricity supply and trading solutions designed to make renewable energy more stable, profitable, and accessible for both businesses and producers.
