Estonian cleantech company Soldera has been awarded €1.6 million in non-dilutive funding from the Estonian Enterprise Agency to accelerate development of its AI-driven infrastructure for managing renewable energy certificates across Europe. The grant follows a strong commercial year, with the company surpassing €1M in annual revenue in 2025.
The funding will be used to deepen product development, automate integrations with more than 30 national certificate registries, and expand the team as Soldera tackles one of Europe’s most fragmented energy markets.
Fixing A Broken, Manual Market
Renewable energy certificates in Europe are still managed through a patchwork of country-specific registries, many of which rely on manual workflows, spreadsheets, emails, or even paper-based processes. Setting up accounts can cost up to €5,000 per country per year, while certificate trades are often handled offline.
Soldera replaces this complexity with a single AI-powered platform that automates certificate issuance, trading, and retirement across borders. By unifying registry access and streamlining operations, the company aims to increase revenues for renewable energy producers, improve transparency for corporate buyers, and direct more capital into local clean energy projects.
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Strong Momentum And Investor Confidence
The grant builds on an oversubscribed €2.5M funding round backed by Lifeline Ventures, Alumni Ventures, and Lemonade Stand, underscoring investor confidence in Soldera’s approach.
In 2025 alone, the company scaled revenue from €150K to €1M, maintaining roughly 30% month-over-month growth. Its platform now serves Fortune 500 companies, a top-20 global asset manager, and more than 500 corporate buyers across 15+ regions, connecting them with over 4,000 renewable power plants. Multiple national registries are consolidated into a single dashboard, with AI autonomously executing certificate purchases and retirements.
Building Infrastructure For A €80B Market
Founder and CEO Stenver Jerkku believes the opportunity is massive. He notes that the renewable certificate market is currently valued at around $13B and is projected to reach $80B by 2030.
The new grant will primarily fund applied research and product development, while supporting team growth beyond its current 11 employees. Soldera continues to attract talent from companies such as Bolt, Trimble, LHV, and Glia, supported by a low-hierarchy, trust-based culture focused on autonomy and execution.
As regulatory pressure on corporates to decarbonize intensifies and demand for high-quality certificates grows, Soldera is positioning itself as core infrastructure rather than a marketplace. With fresh non-dilutive capital and accelerating revenue, the company aims to turn Europe’s fragmented certificate ecosystem into a unified, automated, and scalable system.
About Soldera
Soldera enables compliant renewable energy sourcing at scale. Acting as a meta-layer for unbundled renewables, the platform connects 30+ Energy Attribute Certificate registries into a single interface, allowing organizations to manage, procure, trade, and retire certificates across markets with speed, transparency, and confidence.
