Low-carbon transition | October 19, 2023

Skoon Energy raises $5.6 million for clean generators in Europe

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 19 – Film sets, festivals, construction sites and other temporary setups depend on reliable energy access—mostly from fossil fuel-guzzling generators. Netherlands-based Skoon wants such users to switch to mobile solar fields, advanced batteries, and electric and biofuel generators.

The company operates a marketplace for backup energy systems, connecting companies and organizations with more than 150 clean energy suppliers. Its energy management software lets providers share short-term reserves to help grid systems balance supply and demand.

Skoon’s energy buyers include the Netherlands’ Ministry of Defence, the Port of Amsterdam, and Swedish energy company Vattenfall.

Skoon “connects hard-to-electrify use-cases with innovative suppliers, reducing reliance on fossil fuels and improving overall grid stability,” said Carolin Funk of Blue Bear Capital, which led the company’s $5.6 million equity round. Netherlands-based Graduate Entrepreneur Fund, which invests in Rotterdam and Delft university alumni’s companies, also invested.

Clean energy subscriptions

Separately, Sweden’s Cloover raised €7 million ($7.4 million) in equity to help providers of solar, battery storage, EV charging and heat pumps offer their systems on a subscription basis to businesses and individuals. That could reduce the upfront capital burden of clean-energy conversions and give energy system providers reliable cash flows.