Etpa secures €5.5 million in funding to further build its platform and internationalise

Energy trading platform, Etpa secures €5.5 million in funding to further build its platform and internationalise

• Etpa enables power market participants to optimise their energy portfolio via short-term trades
  
  
• Etpa has raised 5.5 million euro led by 4impact capital, with participation from existing investors SET Ventures, ABN AMRO SIF, and other existing shareholders.
  
  
• With the funding Etpa will introduce both day-ahead and intraday auctions, providing energy market participants with more flexibility and a broader suite of trading options. 
• In addition, Etpa plans to establish an operational presence in Belgium, Austria and France, further solidifying its position in the European energy market.

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AMSTERDAM | November 12, 2024 – Etpa, a designated European Power Exchange for the short-term electricity markets, has announced it has secured 5.5 million euro in new capital to further expand its product suite and internationalise in Europe.

The investment has been raised from a trio of Dutch funds including new investor, 4impact capital as well as existing investors SET Ventures and ABN AMRO Sustainable Investment Fund (SIF) who both contributed to Etpa’s previous round in 2022.

Via its transparent and independent exchange, Etpa enables many energy market participants to optimise their energy exposure through short-term trades. Their state-of-the-art platform is a key enabler for the transition to renewable energy. They provide access to the spot-trading markets in The Netherlands and Germany which they serve with their current portfolio including Intraday (XBID), congestion management (GOPACS) and day after trading (Ex-Post). This is used by many market participants, including battery companies, energy management systems, asset owners and utility companies.

Pauline Wink, managing partner and co-founder of 4impact capital says: “Etpa holds a very unique position as only one of three designated power exchanges in The Netherlands and Germany with access to the full order book. With their superior technology they play a pivotal role in the energy transition by also enabling access to these markets for smaller market participants, allowing more customers to improve the stability of the grid with efficient trading. The team has shown very strong progress with a clear roadmap for growth. We look forward to working with Michiel, Jorrit, Diederick and the team in this expansion phase of Etpa.”

Michiel Lensink, CEO of Etpa adds: “We are pleased to close this funding round with our existing investors and bringing on board 4impact capital. This will allow us to grow, expanding geographically and introducing new products, including upcoming offerings in day ahead and intraday auction trading.”

Etpa’s ambitious plans extend beyond just expanding its product suite. After the Dutch company successfully expanded into Germany earlier this year, Etpa now looks to set up operations in Austria, Belgium and France showcasing the company’s momentum and commitment to meeting Europe’s evolving energy needs.

Michiel continues: “With the rapid growth of renewables, the energy market is changing very fast. There is a revolution going on in terms of energy storage, flexibility, congestion and trading. Etpa outperforms its competitors in terms of speed, cash management, scalability, cost, and IT connectivity and has shown to be the preferred supplier to many of these new business models.

The company has seen exceptional growth since 2022. In 2024 the company doubled its participant base and materially outperformed their plan, indicating a strong market interest in Etpa’s solutions. The company’s strategic expansion into Germany and the attainment of NEMO (Nominated Electricity Market Operator) certification in 2022 further underline its growing footprint and commitment to regulatory excellence.

“We’ve been very impressed with Etpa’s developments since we first invested in 2022.” Says Rene Savelsberg, Partner and co-founder of SET Ventures. “Michiel and the team have been relentless with market expansion. He understands that the energy trading market demands a scalable and transparent solution like Etpa, and that now is the time to further capitalise on this opportunity.”

“We are excited to announce the successful closing of this new investment round,” says Pauline de Valk, investment manager of ABN AMRO Sustainable Impact Fund. “Over the past two years, the company has demonstrated remarkable progress by going live on the joint orderbook in both the Netherlands and Germany. With the addition of new products to its offering, the company will be well-equipped to seize the full market opportunity and accelerate its growth trajectory across Europe.”