ETF Partners invests in QOS Energy
Founded in 2010, QOS Energy, an independent software company operating at the nexus of cloud computing, the Internet of Things and renewables has experienced exponential and international growth over recent years.
Customers, which include Neoen, Conergy Services and SOLV, are a roster of Europe’s and North America’s largest renewable energy producers and asset managers.
ETF Partners, a pan-European growth equity investor focused on sustainability, led the financing round. The capital will be used to support international expansion and develop grid balancing and storage-ready services.
QOS’ cloud-based renewable energy management system - Qantum® - collects data from millions of sensors and devices deployed across multiple solar, wind, biogas, hydro, storage and hybrid assets. The data is transformed into comprehensive analytics enabling professionals as varied as plant managers, analysts, energy traders and maintenance engineers to significantly improve operational processes and financial returns.
One of QOS Energy’s key strength is a unique ability to provide renewable energy companies with a single platform to access performance analytics, dashboards and KPIs across all their assets. This is a game changer, supporting renewable energy companies’ global acquisition, growth and diversification strategies by operating an increasingly varied set of energy assets, plants and systems.
Fabrice Bienfait, Partner, ETF Partners, a pan-European growth equity investor focused on sustainability, said: “The consequence of the inexorable march to distributed, renewable energy across the world is the challenge in ensuring sustained, high performance across both renewables and the grid. Data analytics will be at the forefront of this revolution. QOS Energy, via their innovative Qantum® solution, have achieved a major breakthrough for renewable asset owners and operators.”
Franck Le Breton, CEO, QOS Energy said: “For our clients to get maximum value from their assets they need to make sense of an enormous amount of data sourced from their renewable portfolios. This is where we come in. Using our proprietary data science technologies, such as machine learning, we transform raw datasets into data intelligence to enhance financial returns.
“We have chosen to work with ETF Partners for their experience and expertise in renewable energy and information technology. Just as importantly they share our vision and ambition - to enable the transition to sustainable energy sources by becoming the premier datahub for centralised energy information.”
ETF Partners was joined in the financing round by GOCAPITAL, a current shareholder in QOS Energy.
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