Tibo Energy raises €6 million to expand to Germany and Belgium
SET portfolio company, Tibo Energy has raised €6 million in Seed funding to expand into Germany and Belgium and further scale its technology. Tibo is a Dutch developer of a next-generation Energy Management System (EMS) for industrial and commercial energy sites. The company helps businesses unlock additional energy capacity from their existing infrastructure by intelligently managing distributed assets. Grid congestion is already limiting business growth in the Netherlands, where companies face multi-year delays for grid upgrades, mounting penalties for peak loads and stalled expansion plans. Tibo Energy offers a way…
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