Belgium-based Bnewable, a renewable energy company specializing in battery systems and energy management solutions, has raised €40 million in new growth capital from existing investors, including RGREEN INVEST, Wallonie Entreprendre, and Dovesco Fund Investments.
Founded in 2022 by Christophe Degrez and Kristof Vereenooghe, Bnewable focuses on “behind-the-meter” battery systems for businesses, enabling them to reduce energy costs and optimize renewable energy use.
Bnewable’s proprietary Voltana Energy Management Platform uses machine learning and data-driven algorithms to:
- Balance energy consumption.
- Trade surplus electricity efficiently.
- Provide grid stabilization services.
The company aims to manage one gigawatt-hour of flexible energy storage capacity by 2030—equivalent to two gas-fired power stations—while ensuring profits flow back to customers.
Christophe Degrez, Co-Founder, emphasized the platform’s impact: “Our technology allows businesses to bundle, store, and flexibly deploy energy to support the grid while benefiting from new revenue streams. This is essential for a sustainable energy future.””
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Growth and European Expansion Plans
The new funding will enable the startup to:
- Expand operations across Belgium.
- Increase investments in battery storage systems for businesses.
- Explore expansion into other European markets, aligning with the growing demand for decentralized energy storage.
Kristof Vereenooghe, Co-Founder, highlighted the market potential: “The European market for ‘behind-the-meter’ energy storage is projected to reach 50 gigawatt-hours by 2030. Bnewable is well-positioned to capture a significant share of this market.”
Strategic Investor Support
- Nicolas Rochon, Chairman of RGREEN INVEST: “Energy management is critical for Europe’s competitiveness and sustainability. The innovative solutions address this challenge directly.”
- Olivier Bouchat, Executive Committee Member at Wallonie Entreprendre: “We see immense value in Bnewable’s contribution to decarbonizing industries reliant on renewable yet volatile energy sources.”
With this funding, the company is set to play a pivotal role in Belgium and Europe’s energy transition, offering businesses scalable solutions for energy efficiency, grid stability, and sustainability.
