News

Volter raises $3.2 million to power up solar energy generation for real estate

28.11.2024

Solar is the fastest-growing energy source in the EU and one of the key elements of a more sustainable power grid across the continent. Rooftop solar has the potential to fulfill up to 25% of European electricity demand and its deployment continues to accelerate. Real estate owners and managers need innovative software solutions to scale solar investments rapidly and profitably. 

We are excited to partner with Volter, a London-based company building an end-to-end operating system for commercial and industrial (C&I) rooftop solar that enables real estate owners, managers, and solar installers to deploy, manage and optimise solar portfolios across multiple sites. 

Founded by Luke Buhl-Nielsen and Alex Joss who both bring strong backgrounds at fast-growing startups and within the energy and climate space, the platform provides automated billing, invoicing and payments, customised insights and reporting, streamlined installation proposals, along with real-time operational performance monitoring and industry benchmarking, enabling users to maximise revenue and accelerate asset deployment.

Luke Buhl-Nielsen, Co-founder of Volter, comments:

“C&I properties are merging with energy to become revenue-generating power plants – this is the creation of an entirely new asset class. Forward-thinking real estate owners are rapidly recognising the immense potential of integrating renewable energy sources – such as solar – into their buildings. 

“However, there is a critical gap in the market: the lack of robust software solutions to help real estate owners effectively manage and monetise their renewable energy output. Volter fills this void and capitalises on the growing trend to incorporate solar production into C&I real estate, by empowering asset owners, managers and solar installers to seamlessly manage, optimise, and scale onsite renewables across diverse portfolios.” 

Since officially launching its platform in August 2024, Volter has won several major property and real estate clients. It is now expanding its team whilst looking ahead to ambitious growth plans in 2025. 

On why we partnered up with Volter, our Partner Tom Wilson, comments:

“As electricity prices rise while solar hardware costs decline, rooftop solar has become an increasingly attractive investment for C&I property owners. The Volter platform will be pivotal in advancing sustainable energy infrastructure within the C&I sector by enabling real estate owners to efficiently scale their solar investments and optimise financial returns. We’re excited to support Volter as they meet the increasing demand for sophisticated software solutions in the growing asset class of onsite renewables.” 

We are excited to participate in Volter’s $3.2 million pre-seed funding, alongside Transition, Neptunia, a prominent real estate investor, and angel investors, including: Johannes Schildt, Co-Founder and CEO healthtech scaleup Kry; serial climate tech founder Eamon Jubbawy (Isometric, Safi, Sequence, Onfido); and Mark Long, Head of Strategy at commercial real estate fund, Orchard Street. 

Over the coming year, Volter will expand to offer broader energy services, becoming a platform for batteries, energy usage optimisation, renewable energy brokerage, and virtual power plants. 

For more information, visit getvolter.com.

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