Barcelona-based Linkener raises €7.5 million to digitise and optimise energy management for businesses

Barcelona-based EnergyTech startup Linkener has raised €7.5 million in funding to digitise and optimise energy management for businesses. Investors included Klima Energy Transition Fund and Alantra’s energy transition fund, with GoHub Ventures remaining a shareholder. Linkener's CEO, José Ignacio Ruiz, stated that the funding will allow the company to accelerate the transformation of a sector where energy management remains rooted in outdated practices.

Founded in 2011, Linkener's Intelligent Energy Management System (SIGE) uses remote metering technology to enable businesses to measure consumption, digitise bills, analyse energy supply arrangements, and receive recommendations for reducing and controlling energy costs. The company has delivered over 400 solar PV and battery storage projects across Spain and serves more than 2,000 customers, managing 10,000 energy supply points and 1.7 TWh annually.

Klima's Ianigo Echaniz noted that there is significant potential for digitisation and optimisation in the Spanish services sector, where monitoring and controlling consumption can result in 20% savings and more efficient cost management. Linkener aims to use the investment to develop its technology and AI models for energy management, automate information processing, and identify opportunities for optimisation and savings.

The company also plans to use M&A to expand its product and technology offerings to better serve its customers and strengthen its capabilities.