Tibo Energy raises €6M to tackle grid congestion with AI-powered energy management

Dutch energy management startup Tibo Energy has secured a €6 million Seed funding round led by KOMPAS VC, with participation from Hitachi Ventures, WEPA Ventures, SET Ventures, and Speedinvest, bringing total funding to €9 million.

Founded in 2022, Tibo Energy tackles one of the energy transition's biggest headaches: businesses wanting to go green but hitting brick walls due to grid congestion and skyrocketing energy costs. The Eindhoven-based company's solution? An AI that works around the clock to squeeze every bit of efficiency from existing energy infrastructure.

Meet Alice,Tibo's proprietary AI engine that updates energy strategies every five minutes, juggling real-time data, price forecasts, and grid constraints like a digital conductor orchestrating an energy symphony. The platform's Digital Twin technology creates virtual replicas of energy networks, allowing businesses to test scenarios and optimize everything from solar panels to EV chargers without breaking a sweat, or the bank.

Tibo claims that companies using their hardware-agnostic EMS are seeing energy cost reductions up to 30% while boosting their renewable energy usage and slashing carbon footprints. It's the energy transition without the growing pains, eliminating the need for expensive grid upgrades that can take years to implement.

As Europe races toward its climate goals, intelligent energy management platforms like Tibo's become the secret weapon for businesses caught between sustainability ambitions and infrastructure reality.

Founders: Remco Eikhout, Bram Cappers, Jeroen Althusius, Josh Mengerink, and Linda Zandt-Sloot

Sources: Tech.eu, EU-Startups, SET Ventures, Crunchbase, Vestbee