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SnerpaPower logo — Shifting the focus to the demand side to speed up the energy...

SnerpaPower

Shifting the focus to the demand side to speed up the energy transition

Founded 2022 Iceland Iceland 13 employees Seed Total: $2.20M Automation, Energy

General Information

Company Name SnerpaPower
Founded Year 2022
Location Iceland Iceland +1
Employees 13
Industries Automation, Energy
Funding Stage Seed
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About SnerpaPower

SNERPA Power is a promising energy startup based in Iceland that has positioned itself as a key player in accelerating the energy transition. With the slogan "Shifting the focus to the demand side to speed up the energy transition," SNERPA Power is dedicated to developing intelligent energy services tailored for the power-intensive industry in Iceland. This not only creates new revenue streams but also enhances the market's competitiveness for electricity, contributing significantly to the energy transition. Since its establishment in 2022, SNERPA Power has garnered recognition and financial support from various esteemed entities. The company has secured grants from the Technology Development Fund in Iceland, the National Energy Fund, and the Entrepreneurship Fund of Islandsbanki, affirming its potential and innovative approach. In terms of investments, SNERPA Power recently received a noteworthy €2.20M Seed Round investment on 30 August 2023, with backing from prominent investors such as Crowberry Capital and BackingMinds. SNERPA Power's strategic focus on leveraging the power-intensive industry's potential in Iceland, along with its ability to attract substantial grants and investments, indicates a promising future trajectory for the company in driving the energy transition.

Taxonomy: Intelligent energy services, Power intensive industry, Energy transition, Icelandic market, Electricity competitiveness, Technology development, Grants, National Energy Fund, Innovation, Renewable energy, Sustainable development

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor
•••• •••• 		30 Aug 2023

Latest News

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10 exceptionally promising Icelandic startups to watch out for in 2024 and beyond! — Eu-startups
10 exceptionally promising Icelandic startups to watch out for in 2024 and beyond!
Eu-startups Feb 28, 2024

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FAQ About SnerpaPower

Shifting the focus to the demand side to speed up the energy transition
SnerpaPower was founded in 2022.
SnerpaPower is headquartered in Iceland.
SnerpaPower operates in the following industries: Automation, Energy.
SnerpaPower has approximately 13 employees.
SnerpaPower has completed 1 funding round, raising a total of $2.20M. The latest funding stage is Seed.
Top alternatives and competitors to SnerpaPower include Ayana Renewable Power, GEG Group of Companies, Parkhurst Energy, Ignitis Group, Borealis Data Center. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SnerpaPower and Ayana Renewable Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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