Delta Green, formerly known as Nano Green, has successfully finalized a significant investment of €2.2 million in its innovative energy tech startup.
This investment round was led by Tilia Impact Ventures, with additional backing from Credo Ventures and Purple Ventures.
The fresh capital is set to propel the company's expansion into Western Europe and enhance its sustainable energy management solutions for households.
About Delta Green
Delta Green is a Czech energy company that empowers households to utilize electricity efficiently and responsibly.
Beyond energy provision, it offers intelligent, automated solutions for managing electricity consumption and production.
Originally established in 2008 as Nano Green under the Nano Energies group, the company rebranded as Delta Green in 2024.
Delta Green's Vision for Household Energy Innovation
Delta Green aims to revolutionize household energy management across Europe.
"Our aim is to become a catalyst for innovation in household energy across Europe, and this investment represents a significant step towards that vision." - Jan Hicl , Co-founder of Delta Green.
The funds will be allocated to three key areas: finalizing software development for household engagement in grid balancing, expanding into Western Europe, and strengthening their team, especially in software development.
Strategic Investment Partners
The investment was solidified this week with Tilia Impact Ventures, Credo Ventures, and Purple Ventures.
Tilia Impact Ventures led the round, aligning their focus on projects that address significant environmental and social challenges with Delta Green's philosophy.
"In order to clean up the carbon footprint of our energy sector, we need more renewable sources on the grid. But wind and sun are unpredictable, creating energy fluctuations that must be balanced out. Delta Green has developed a low-cost solution to this problem, and we believe this could be a key puzzle piece in enabling more renewable energy generation and lowering the cost of electricity for everyone. We’re excited to partner with them in taking this global." - Andrew Gray, General Partner at Tilia Impact Ventures
Pioneering Energy Flexibility
Delta Green stands at the forefront of energy sector innovation as an energy flexibility aggregator. Their solution facilitates the integration of renewable resources into the grid on a massive scale without compromising stability.
By transforming households into a giant virtual battery, Delta Green allows households with photovoltaics, batteries, heat pumps, or electric vehicles to save or earn hundreds of euros annually.
This innovative approach not only manages electricity consumption and production but also integrates households into grid balancing, a market currently dominated by fossil fuel power plants.
Recent Milestones and Future Plans
Delta Green has been rapidly advancing over the past few months. After a change in ownership at the start of the year, the company announced a successful pilot test involving household participation in grid balancing.
This pilot demonstrated the transformative potential of their solution, which is expected to be fully available by the end of the year.
As Delta Green expands into Europe, the goal is to manage hundreds of megawatts. Developing a robust and stable solution now is crucial to replacing fossil fuel sources with electricity currently wasted in households.
They estimate needing about 200 households per megawatt.
