Emulate energy AB

Based in Sweden, Emulate Energy AB specializes in providing advanced energy management systems designed to optimize the use of distributed energy resources for utilities and energy retailers. Founded in 2020 in Lund, Sweden, Emulate Energy AB focuses on energy management solutions for utilities and retailers. The company is co-founded by Daria Madjidian and led by CEO Shwan Lamei. In its journey, Emulate Energy has secured a total of EUR 5.

000 mn through 2 funding deals, with the latest round being a SERIES A led by Helen Ventures, alongside investors like Course Corrected, EnPulse Ventures, and Skelleftea Kraft. Emulate Energy offers a modular Home Energy Management System (HEMS) and a Distributed Energy Resource Management System (DERMS)-ready platform, designed to optimize and monetize various types of Distributed Energy Resources (DERs) such as electric vehicles (EVs), heat pumps, batteries, and solar energy systems. Their core product suite integrates advanced orchestration capabilities, allowing utilities to efficiently manage customer energy consumption. Emulate’s solutions serve a diverse client base that includes utilities and energy retailers, primarily in European markets such as Sweden and the U.

K. , while expanding operations in the U. S. These products facilitate grid readiness and enhance the flexibility of residential energy consumers, enabling participation in demand response programs and optimizing energy costs.

In the most recent financial year of 2024, Emulate Energy reported a revenue of EUR 301,882. 1, with an EBITDA of EUR -1,324,420. 6. Revenue is generated through partnerships and subscriptions with utility companies and energy retailers, primarily through B2B arrangements.

Emulate Energy AB plans to utilize its recent funding to support the development of new products and expand into new geographic markets. The company is focused on enhancing its energy management platform and aims to launch updates that will further optimize energy usage. Plans for expansion include targeting additional European markets and possibly entering the North American market by 2025. The recent funding raised, including contributions from Skelleftea Kraft and Course Corrected, will help facilitate this growth strategy.