In the dynamic landscape of energy management, Tibo Energy has attracted significant attention by securing €6 million in a Seed funding round. Positioned in Eindhoven, the company is paving its way to becoming a leading force in the industrial and commercial energy sectors. This funding aims to enhance their innovative Energy Management System (EMS), determined to solve grid congestion hurdles, optimize energy use, and support companies in constrained environments. The increase in capital, combined with strategic partnerships, marks a crucial step towards broadening their international footprint.
Back in 2023, Tibo had already raised €3 million, seeking to grow its team and explore international ventures. This previous funding highlighted their intentions to tackle issues presented by grid limitations, aiming at smarter and more efficient energy management solutions. The recent financial boost echoes the similar objectives of strengthening their EMS platform, underscoring a consistent trajectory of growth and development across regions, including Germany and Belgium.
How Will Tibo Utilize the New Funding?
Tibo plans to invest this capital significantly into expanding their workforce and enhancing the EMS platform. Their strategy involves doubling the size of their team, primarily focusing on hire in engineering, sales, and product design areas, while marking their entry into new markets such as Germany and Belgium. On the product front, the introduction of plug-and-play modules will cater to new use cases—this includes fleet charging coordination, e-boiler control, and integrating advanced visualization through PowerBI. Such developments align with Tibo’s dedication to providing adaptive and forward-thinking solutions.
What Sets Tibo’s EMS Apart?
Tibo’s EMS stands out due to its AI-driven backbone, ‘Alice’, which adjusts energy control settings every five minutes, driven by real-time data and predictive analytics. CEO Remco Eikhout reiterates the robustness of their solution:
“Infrastructure limitations shouldn’t hold back the energy transition.”
Founded in 2022, the platform offers remarkable flexibility, accommodating various energy sources like solar panels and EV chargers. This adaptability ensures users can be proactive rather than reactive, significantly benefiting from automated, intelligent energy management.
Since its inception, Tibo has successfully implemented its EMS across over 30 industrial sites, demonstrating the tangible impact of its solution. By coordinating local production and consumption efficiently, clients such as Montea and Intratuin have avoided peak load penalties and optimized solar generation. Partner engagements with organizations like Unica, Hoppenbrouwers, and Stantec further illustrate the wide application of Tibo’s innovative approach.
In the larger context of industrial challenges, grid congestion remains a pressing issue in regions such as the Netherlands. Tibo’s software, by enhancing local capacity management without the need for grid upgrades, provides a significant advantage for businesses aiming to expand. Energy efficiency gained through such smart systems can lead to reduced operational costs and improved sustainability practices.
The continuous development and adoption of Tibo Energy’s EMS signal a growing shift towards smarter, AI-driven energy solutions. Companies facing grid constraints and expanding energy needs find Tibo’s systems vital for maintaining operational efficiency and meeting sustainability goals. This expansion demonstrates Tibo’s role in supporting the critical energy transition across industrial sectors. With advancements in predictive technology, businesses can anticipate and address challenges, optimizing energy use in real-time.
