Blockchain startup Conjoule raises €4.5M

posted 5 months ago
Tokyo Electric Power Company Holdings, Inc. (TEPCO) has closed a €3 million Series A investment in Conjoule GmbH, a startup developing peer-to-peer energy markets enabled by blockchain technology.

Conjoule is developing a peer-to-peer marketplace for producers and consumers of renewable energy, as well as owners of batteries and other sources of flexibility, to transact with each other without the need for traditional intermediaries.

The platform and launch product which allows residential consumers with solar photovoltaic installed on their homes to sell excess electricity to local consumers are currently being piloted in two German cities.

With this investment Conjoule will continue to grow its technical team and to commercially launch the platform and initial product that have been in pilot during 2017 in selected markets in Europe, as well as to start the development and testing of the next products in Conjoule’s product roadmap.
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