Tibo Energy, an energy management company, secured funding in a round led by Kompas VC, with participation from Hitachi Ventures, WEPA Ventures, and existing investors SET Ventures and Speedinvest.

The company intends to use the funds to expand into Germany and Belgium, double its team, and enhance its platform with new modules for fleet charging coordination and advanced visualization tools.

The company has deployed its platform at over 30 industrial sites since its launch in late 2023.

The system helps businesses optimize energy usage by managing distributed assets in real-time, reducing dependence on grid upgrades.

The company addresses grid congestion issues, especially in the Netherlands, where businesses experience delays in grid upgrades and penalties for exceeding peak loads.

🔗 Source: Tibo

🧠 Food for thought

1️⃣ Europe’s energy management market is growing rapidly amid grid constraints

The timing of Tibo Energy’s expansion aligns with significant market growth projections across Europe’s energy management sector.

The European Next-Generation Building Energy Management Systems market is projected to grow from $3.5 billion in 2024 to $10.2 billion by 2033, representing a 15.9% compound annual growth rate 1.

This growth parallels McKinsey’s forecast that the B2B energy supply and services market will double from €4.1 billion to €8.3 billion by 2035, with energy management software specifically identified as a high-growth segment 2.

The demand is particularly acute in regions like the Netherlands where Tibo operates, as businesses face multi-year delays for grid infrastructure upgrades, a problem that creates immediate market need for solutions that maximize existing capacity.

Tibo’s expansion into Germany and Belgium capitalizes on this continental trend, as grid congestion issues that began in the Netherlands are spreading to neighboring countries, creating similar market conditions.

2️⃣ AI optimization engines are transforming building energy efficiency

Tibo’s AI engine “Alice” represents part of a broader technological shift in how commercial buildings manage energy consumption.

Commercial buildings consume approximately 40% of total energy in developed countries, with energy costs accounting for roughly 25% of operating expenses in office buildings, creating significant incentives for optimization 3, 4.