Dexter Energy, a climate technology company based in Amsterdam, announced on Wednesday that it has secured €23 million (approximately $27.1 million) in a recent funding round. The investment will support the expansion of its AI-powered services focused on renewable energy and battery trading.
The funding round, led by financial services firm Alantra, also included participation from notable investors such as France’s Mirova, ETF Partners, Newion, and Klima. These investors share Dexter Energy’s vision of AI as a critical infrastructure component for electricity grids increasingly reliant on renewable energy and storage solutions.
Founded in 2017, Dexter Energy uses artificial intelligence and data-driven models to optimize trading in power markets. Its advanced price forecasting tools integrate over a dozen external data sources, including weather forecasts and market information. According to the company, its AI-backed trading solutions can boost wholesale market revenues by up to 30% for renewable energy producers.
The injection of new capital will enable Dexter Energy to expand its services further within the Netherlands and across broader European markets, supporting the continent’s transition to cleaner energy sources amid volatile renewable markets.