Samawatt has closed a Series A funding round to accelerate its European market access roadmap and continue investing in its in-house forecasting and trading engine.
The funding will be used to expand into new markets, grow the quantitative and engineering teams, and deepen exchange connectivity across the 18 European electricity markets Samawatt already serves.
Since its founding in 2018, Samawatt has grown to manage approximately 650 MW of solar, wind, hydro and battery assets on behalf of IPPs, utilities and asset managers across Europe.