European Power Exchange for the short-term electricity market Etpa, has secured €5.5 million in new capital.
Dutch company Etpa enables many energy market participants to optimise their energy exposure through short-term trades.
Its platform provides access to the spot-trading markets in The Netherlands and Germany, which they serve with their current portfolio, including Intraday (XBID), congestion management (GOPACS) and day-after trading (Ex-Post). This is used by many market participants, including battery companies, energy management systems, asset owners and utility companies.
The investment has been raised from a trio of Dutch funds, including new investor, 4impact capital, and existing investors SET Ventures and ABN AMRO Sustainable Investment Fund (SIF) who contributed to Etpa’s previous round in 2022.
According to Pauline Wink, managing partner and co-founder of 4impact capital, Etpa is only one of three designated power exchanges in The Netherlands and Germany with access to the full order book.
“Further they also enable access to these markets for smaller market participants, allowing more customers to improve the grid’s stability with efficient trading.”
After successfully expanding into Germany earlier this year, Etpa now looks to set up operations in Austria, Belgium and France.
Lead image: Epta. Photo: uncredited.
By Tech.eu
Source: Tech.eu