Antwerp-based energytech firm LIFEPOWR, which optimizes and monetizes distributed energy, has raised €5.65 million in growth capital, led by Noshaq and SPDG, with participation from ROM InWest and existing shareholders.
- Established in 2015 by Dries Bols, LIFEPOWR develops solutions to optimize distributed energy resources.
- The firm integrates decentralized assets, such as solar panels, batteries, electric vehicle chargers, and heat pumps, into Virtual Power Plants to support grid stability and reduce reliance on fossil-fuel peaker plants.
- Its main product, FlexiO, is an advanced Energy Management Software that coordinates energy consumption, storage, and generation according to real-time market prices and grid requirements.
- The platform allows households, businesses, and energy providers to lower costs, monetize flexibility, and participate in balancing services while automatically responding to supply and demand fluctuations.
Details of the deal
- With the fresh €5.65 million capital, LIFEPOWR plans to enhance its FlexiO platform and Energy Management Software, boosting data intelligence and automation to better optimize energy flows for homes, businesses, and energy providers.
“We are reshaping the way prosumers interact with the energy markets. The results? They pay less for energy and balance the system. Together we accelerate decarbonisation and the path to lower energy fees. It’s a win win for everyone," claims Dries Bols, CEO of LIFEPOWR.
- The funding will also support the expansion of its team of energy innovators and enable the company to enter new European markets, beginning with the Netherlands, while strengthening partnerships with resellers, white-label partners, and energy providers.
