TL;DR:
- Green Eagle Solutions, a Spanish startup, has successfully raised €6 million in a Series A funding round.
- The company offers ARSOS, an AI-powered Enterprise SaaS product, designed to automate renewable energy asset operations.
- ARSOS allows renewable assets to operate autonomously, optimizing revenue-based operations.
- It can integrate various renewable energy sources and essential components, streamlining management processes.
- ARSOS is already operational with over 15 GW of renewable energy capacity in Spain and 3 GW abroad.
- The funding round was led by A&G Energy Transition Tech Fund, with support from Kibo Ventures and SET Ventures.
- Green Eagle plans to expand its AI-powered renewable asset automation platform in Europe and the USA.
Main AI News:
In a significant milestone, Spanish innovator Green Eagle Solutions has successfully closed a €6 million Series A funding round, propelling its vision of revolutionizing the renewable energy sector. At the core of this groundbreaking venture is Green Eagle’s cutting-edge AI-powered Enterprise SaaS product, ARSOS, designed to automate the operations of renewable energy assets seamlessly.
Traditionally, the renewable energy sector has been reliant on the intermittent availability of natural resources such as wind and solar power. Green Eagle Solutions aims to change this paradigm by offering a transformative solution that empowers renewable assets to operate autonomously, thereby enabling businesses to optimize their revenue-based operations.
ARSOS, the company’s pioneering automation platform, boasts the ability to integrate diverse portfolios, encompassing wind farms, solar plants, hydro facilities, and essential components like energy meters, electrical substations, and energy storage systems. This all-encompassing approach streamlines the orchestration of these assets and simplifies the management processes for all stakeholders involved.
Alejandro Cabrera, CEO and co-founder of Green Eagle, emphasized the necessity for a fresh approach in today’s volatile and complex energy markets. He stated, “The volatility and complexity of today’s energy markets demands a new approach to operating renewable energy assets. We eliminate some of the challenges of orchestrating these assets and simplify the work of all parties involved in the management. Our customers can leverage this complexity with automation and optimize their business strategy.”
Notably, ARSOS has already made its mark in the industry, currently managing over 15 GW of renewable energy capacity in Spain, which accounts for more than 20 percent of the country’s total installed capacity, in addition to over 3 GW abroad. In 2023 alone, ARSOS autonomously executed over 50,000 site curtailments and issued 40,000 commands to wind turbines.
The Series A funding round was spearheaded by the Energy Transition Tech Fund of A&G, with continued support from previous investors Kibo Ventures and SET Ventures. Juan Diego Bernal, Managing Director of A&G Energy Transition Tech Fund, expressed confidence in Green Eagle’s unique technology, saying, “We believe that the technology developed by Green Eagle is unique in the market. We’re convinced that Green Eagle will be a major player in the future of the energy transition. With this financing round, we aim to help Green Eagle scale its operations internationally.”
Anton Arts, Managing Partner at SET Ventures, echoed the sentiment, emphasizing the pivotal role Green Eagle plays in the transition to clean energy: “To SET, the success of this round shows how vital the company’s solution is in the transition to clean energy. It’s an exciting time to be involved with Green Eagle!“
With this infusion of fresh capital, Green Eagle Solutions is poised to expand its AI-powered renewable asset automation platform across Europe and the United States, driving the global adoption of sustainable and efficient energy practices.
Conclusion:
Green Eagle Solutions’ successful funding round and the wide adoption of its ARSOS platform signal a growing trend toward automation and optimization in the renewable energy sector. This advancement is poised to significantly enhance the efficiency and profitability of renewable energy operations, attracting further investments and accelerating the global transition to clean energy solutions.
