encentive in the media
Hamburg-based start-up helps companies save electricity
The AI-based platform “flexOn” automatically controls companies' energy consumption.
AI-powered energy management solutions for industry
The German startup encentive specializes in the development of AI-based solutions to optimize energy consumption in industry. By using their technology, companies can not only reduce costs, but also reduce their CO2 emissions. The company recently received an investment of 6.3 million euros to continue its expansion.
Interview: “AI can have the biggest impact when it works in the engine room”
Encentive, founded in 2020, is all about “AI-based energy optimization for industry.” “With sales in the seven-figure range, we have already established ourselves as a relevant player in the market,” says encentive maker Nicolàs Juhl.
16 up-and-coming startups that more people should know
The multi-million dollar startup world is home to many up-and-coming (young) companies that deserve much more attention. These include Sunhat, Meet5, suena energy, Factor2 Energy, Futurail, and eNaDyne.
Interview: Flexibility is still abstract for many
Angesichts zunehmend volatiler Energiemärkte gewinnt die Flexibilisierung der Stromnachfrage an Bedeutung. Der Dienstleister Encentive etwa steht bereit, um Industrieunternehmen bei der Flexibilisierung ihres Strombezugs zu unterstützen.
German software startup encentive raises €6.3M seed funding led by General Catalyst
German software startup encentive has raised €6.3 million in a seed round led by global investor General Catalyst, alongside the company’s existing backers. With this round, encentive’s total capital raised has reached €9 million, as reported to Vestbee.
General Catalyst invests: With this pitch deck, Encentive has raised 6.3 million
Saving energy is a good thing for everyone - but especially for industry and the Hamburg-based start-up wants to provide them with the necessary software for this.
Germany’s encentive is using its recently raised €6.3 million to cut industrial energy costs by up to 20%
In its latest Seed round, Hamburg-based software company encentive has raised €6.3 million in fresh capital with its AI-driven platform that reportedly helps industries cut energy costs by up to 20% and reduce CO2 emissions.
encentive nets €6.3M from General Catalyst to cut industrial energy bills via AI
New funding will grow the AI and engineering team, enhance encentive’s industrial energy platform, and fuel international expansion.
AI startup Encentive receives 6.3 million euros
Hamburg-based startup encentive has received 6.3 million euros from General Catalyst. Its flexOn AI platform automatically controls industrial energy processes.
Expensive electricity? That is exactly where the opportunity lies: When cold stores become storage facilities and truck loaders become pacesetters
High electricity prices and growing ESG requirements conceal major opportunities for logistics. Paradoxical? Not for Torge Lahrsen, co-founder and COO of energy management specialist encentive: “There is enormous potential in making energy flows more flexible and intelligently managing energy flows. ”
Flexibility as a resource, not as a disruptive factor
The energy revolution is forcing industrial companies to deal with fluctuating electricity prices and volatile feed-in from renewable sources. Instead of expanding expensive networks or power plants, the focus is shifting to the intelligent use of existing resources, in particular by making demand more flexible.
Three companies on their way to net zero
Using renewables: At the Industry Meets Renewables conference, these companies showed what concrete steps can look like in practice.
Companies save up to 30 percent with new energy strategies
Many companies are suffering from increasingly extreme price fluctuations. But new ways of procuring electricity are now emerging — and turning the problem into a competitive advantage.
Cooling, charging, saving: How logisticians reduce operating costs with smart energy management
From warehouse to loading bay: Why electricity consumption in logistics requires more flexibility — and how artificial intelligence helps to exploit hidden savings potential.
How companies waste less water and energy
Water and energy are resources that companies often still use wastefully. Experts at the Greentech Festival will explain how things can be done differently and how industrial processes can become more efficient.
Intraday procurement for industrial customers
A new business alliance promises industry automated control of electricity consumption based on price signals from intraday trading. Energy retailer FlexPower and industrial service provider encentive are combining their expertise to find the appropriate solution.
How smart energy management leads to cost savings and increases efficiency
Peter Bade as an example of energy management in the logistics sector
AI-optimised refrigeration in line with system needs in Germany
encentive als Best Practice für smartes Energiemanagement in der Logistikbranche – mit messbaren Erfolgen bei Kosten, Verbrauch und Netzlast.
Survive on the spot market
Many companies are having to reorganize their energy procurement. Fixed electricity tariffs are becoming less important because the price is determined by self-generated and purchased electricity. A flexible solution such as Encentive makes it possible to manage consumption in a targeted manner and react to market prices in order to minimize costs and exploit potential savings.
Full speed ahead: Founders' perspectives
We talk to Torge about his career, challenges and successes in the start-up process and he tells us how realistic a balanced work-life balance is for him. Encentive's vision is to decarbonize industry using renewable energy by enabling industrial companies to manage energy efficiently with AI. In this episode, you can hear exactly how encentive implements this mission.
Companies should review their flexibility potential
The Federal Network Agency's plans to reform industrial network charges have caused a great deal of uncertainty in the manufacturing sector. It is precisely the question of how to make electricity purchases more flexible that is driving many companies. energate spoke with Torge Lahrsen, CEO of the start-up encentive, which specializes in flexibilization, about the reform plans, the definition of network-serving behavior and ways to make industrial processes more flexible.
Flexible power consumption set to help German industry thrive
German industry can thrive while using flexible power consumption solutions to better integrate the ever-growing intermittent renewable generation fleet, experts told Montel this week.
Energy Efficiency Award 2024: dena announces nominees
13 companies have the chance to win an award at the Energy Efficiency Award (EEA) in 2024. The nominated companies are examples of innovative entrepreneurial action that successfully drives the energy revolution and climate protection forward.
How are things going with industrial flexibility and what does the bandload privilege (7000h rule) do?
Live podcast: Energy breakfast in Berlin - network service and other challenges
Industry under power
Electricity prices, which have been rising for years, are weighing on industrial companies. It's good that there is high potential for savings — and clever energy management systems such as encentive.
Start-up of the month
The young company encentive has developed an energy management system that, according to its own statement, can increase the flexibility of industrial processes, thanks to data management, artificial intelligence and automation. This is important if companies want to increasingly supply themselves with fluctuating photovoltaic and wind power, or if they want to take advantage of low prices when many renewables feed into the power grid. The first references already exist.
encentive secures 2.7 million euros in successful seed financing
encentive, a leading young company in the area of AI-based energy optimization for industry, has successfully raised funds totalling 2.7 million euros in its latest seed investment round. The round was led by Summiteer — the holding company of serial entrepreneur and e-mobility pioneer Sven Schulz, which has already invested in Enpal and neoom, among others.
Timing for power consumption: How Encentive is driving the energy revolution forward with AI
The company from the login uses artificial intelligence to determine the right timing for the most cost-effective use of renewable energy. There has now been a funding letter of 183,000 euros for this
Upcoming events
Meet us in person at these upcoming events.
AI-Driven Cosumption Control: Benefits for Industry and Utilities
In a joint webinar with E-world energy & water speak Torsten Dahmen - Senior Innovation Manager Industry Innovation at E.ON Group Innovation with our CEO Nicolás Juhl about the benefits of AI-based consumption control for industry & utilities.
Resilience through flexibility - design and intelligent control of energy storage systems at industrial sites
In a joint webinar with TRIBICON shows our CEO Nicolás Juhl and CPO Daniel Ehnes how industrial energy storage systems develop their full potential thanks to data-driven planning and control.
Press releases
encentive opens up billion-dollar market and receives 6.3 million euros in seed funding
A renowned US tech investor and others are investing 6.3 million euros in encentive. Find out why General Catalyst uses encentive – and what next steps we're taking now.
Real-Time Power Procurement and Energy Management
FlexPower and encentive enable companies to automatically optimize their electricity consumption on the intraday electricity market for the first time.
2.7 million euros to revolutionize AI-based energy management
At the beginning of 2024, we secured 2.7 million euros in pre-seed funding for our AI-based energy management solution. Find out why energy management is so important right now and who has invested in our technology.
Press contact
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