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September 1, 2023

Startup SNERPA Powers Sustainability nets €2.2M

Power-Hungry Sectors Fuel 37% of Global Energy. Change Ahead

The world's reliance on energy has led to a pivotal juncture: power-intensive sectors account for a staggering 37% of global energy consumption and 24% of CO2 emissions. As the pursuit of efficiency and eco-friendliness gains momentum, one Icelandic startup is illuminating the path to a greener future.

Meet SNERPA Power, the Icelandic innovator steadfast in its mission to expedite the energy transition. In a significant stride towards curbing carbon emissions, the company has secured a robust €2.2 million in funding. Spearheaded by Crowberry Capital, a notable player in Iceland's startup landscape, and Sweden's BackingMinds, this funding infusion propels SNERPA Power's drive towards sustainable energy solutions.

The focus is clear: accelerate decarbonization within the energy sector. With these newfound resources, SNERPA Power charts a course to expand its workforce, extend its global footprint, and fortify its commercial presence. In a world hungry for greener alternatives, the startup's vision aligns with industries' aspirations to be active contributors to a net-zero energy ecosystem.

Íris Baldursdóttir, CEO of SNERPA Power, asserts, "Ambitious industries want to be a part of the net-zero energy system, and the energy system needs them to participate actively. That’s what SNERPA Power is all about, and there are substantial savings for industries to be made."

Fueling this mission is the potent synergy of innovation, automation, and digitalization. Eyrún Linnet, CTO of SNERPA Power, envisions a future where power-intensive users seamlessly transition into eco-conscious contributors. "Through innovation, automation, and digitalization of industrial load, there are gains to be created for the benefit of our customers and the energy system as a whole," Eyrún Linnet elaborates.

Founded in 2022 by Íris Baldursdóttir and Eyrún Linnet, SNERPA Power's genesis is rooted in Reykjavik. The startup's essence lies in crafting intelligent energy services tailored for power-intensive industries. By aligning custom solutions with prevailing market trends, SNERPA Power orchestrates a dual dance of generating new revenue streams and bolstering competitiveness in the electricity market. As the energy transition gains momentum, SNERPA Power's role as a transformative catalyst comes into sharp focus, illuminating a greener, more sustainable future.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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