Matthew Henry
Barcelona-based Delfos Energy, focusing on renewable energy software, has recently completed a successful €6.3 million Seed funding round. The company specializes in an innovative AI and big data-driven virtual engineer software. This tool is crucial for owners and managers of renewable energy estates, offering automated performance and reliability workflow management.
The renewable energy industry often struggles with inefficiencies in energy generation, downtime reduction, and site efficiency, sometimes up to 10 percent. Delfos’ software addresses these challenges by providing real-time analytics, enabling early detection of performance and maintenance issues, thus reducing downtime risks and potential power generation losses. Their technology is particularly effective in predicting and resolving major component faults, often months before they could cause significant downtime.
Guilherme Studart, CEO of Delfos Energy, emphasizes the role of their technology in facilitating a more efficient and reliable green energy transition. The software not only increases the energy output of each renewable asset but also boosts their profitability and attractiveness to investors.
The funding round was led by Contrarian Ventures and Headline, with contributions from existing investors like DOMO.VC and EDP Ventures. Rokas Peciulaitis from Contrarian Ventures highlighted the software’s importance in ensuring the resilience of renewable energy assets. Romero Rodrigues of Headline pointed out Delfos’ potential in the growing sector of renewable energy, driven by sustainable development and the ESG agenda.
Delfos, which also maintains a LATAM headquarters in Brazil and employs 55 people, plans to use the new investment to expand its presence in Europe, building on its recent establishment of a headquarters in Barcelona.
