Ensol, a French startup serving the residential PV and residential power resolution market, has raised €3 million in enterprise capital from Paris-based traders, Otium Capital, a fund that backs early-stage corporations, and BetterAngle, a enterprise angel group.
France-based Ensol, a startup that desires to make buying residential PV and residential power options extra environment friendly, has raised €3 million ($3.2 million) in enterprise capital from Paris-based traders, Otium Capital, a fund that backs early-stage corporations, and BetterAngle, a enterprise angel group.
The French startup was created to make it simpler for owners to amass photo voltaic PV programs. A method it does that’s by way of its web site, which is designed to allow shoppers to enter their very own knowledge about location, web site specs, and power must obtain a personalized provide with estimated prices, together with details about return on funding.
Ensol claims to have the ability to fee a brand new challenge inside one month of receiving a signed provide. Its web site lists suppliers, similar to French module-maker DualSun, together with inverter and communications gateway suppliers, similar to US-based Enphase, Israel-based SolarEdge and China-based Huawei.
Demand for its enterprise is pushed not solely by a have to make buying photo voltaic PV programs extra environment friendly for French households, but in addition rising shopper electrical energy costs in France, together with the nation’s excessive potential of residential PV, in accordance with Paul de Preville, co-founder, Ensol.
“France is the one nation within the European Union to not have achieved its power combine targets. We needed to utterly reinvent the expertise. Our mission is to simplify and speed up entry to photo voltaic power for French households, due to our expertise, our transparency, our truthful costs and our built-in power gear ecosystem,” de Preville informed pv journal.
The corporate will use the capital to supply residence power options, similar to battery storage, warmth pumps, and electrical automobile wall chargers, and arrange digital energy crops (VPP) by way of its clients’ put in PV capability.
“Our imaginative and prescient for the longer term is to supply all our clients the potential for including worth to their electrical energy manufacturing on the grid by grouping all these decentralized photo voltaic mini-power crops on our VPP platform,” stated de Preville.
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