Belgian energy director Bnewable, founded in 2022 and specialized in battery systems and energy management for companies, announces a commitment of 40 million euros in fresh growth capital from its existing investors.

This new financing will be used to accelerate activities in Belgium, make further investments in battery storage at customers and realize both its Belgian and European ambitions in the context of the energy transition.

In this way, they support the commitment of the founders, management and employees to make Bnewable a leading player in the Belgian and European energy transition.

Bnewable is a Belgian pioneer in energy storage and exploitation with a focus on ‘behind the meter’ battery solutions. This means that the battery is installed on-site, at companies themselves.

For example, this could involve companies that already produce a significant amount of renewable energy, but do not always use it optimally despite regular peaks in their consumption. Or companies that are electrifying strongly, such as in the logistics sector, where the focus in the coming years will be on the electrification of heavy transport.

Thanks to the self-developed Energy Management Platform ‘Voltana’, the battery is intelligently controlled by means of data-driven algorithms and machine learning for optimal use. In combination with additional control and trading of excess energy by an in-house team of energy experts, at the times when it is most profitable, Bnewable maximizes the return of solar production for its customers with the help of that battery.

And at the same time it contributes to the stability of the electricity grid, which is increasingly under stress due to increasing electrification. In this way it helps companies to reduce their energy costs and to make them more sustainable.

Bnewable not only provides the technology and management, but also the investment in the battery itself. The objective of this ‘battery-as-a-service’ model is to completely unburden companies in the field of energy management, so that they can focus on their core business.

With a view to the energy transition, Bnewable’s mission is clear: to contribute to the stability of the electricity grid and the further development of renewable energy in Belgium, and in a next phase also in Europe. Battery storage plays a crucial role in this, especially with the increasing electrification of mobility, buildings and industry, as well as the growth of volatile energy generation such as wind and solar energy.