Lund-founded Emulate Energy, a pioneering platform for residential energy flexibility, has successfully closed a €5 million Series A funding round. Led by Helen Ventures, with participation from Germany’s Enpulse and existing investors including Skellefteå Kraft and CC.VC, this funding will accelerate Emulate’s mission to empower utilities and consumers with cost-efficient and smart energy solutions.
Emulate Energy focuses on optimizing the use of distributed energy resources (DERs) such as heat pumps, batteries, EV chargers, and solar panels. As renewable energy adoption grows, Emulate’s software helps utilities stabilize the grid and enhance energy efficiency by unlocking the benefits of these DERs. The platform minimizes carbon impact, reduces consumer costs, and increases utilities’ margins by trading demand-side flexibility on electricity markets.
“The energy system is evolving rapidly. In the next decade, millions of distributed energy resources will come online. For utilities to unlock their full potential, these devices must align their consumption with clean, affordable energy. Emulate is leading this shift by making energy market participation seamless and lucrative for consumers and utilities alike,”
said Shwan Lamei, CEO of Emulate Energy
Expanding Across Europe and the U.S.
Emulate has already established itself in Sweden, collaborating with top energy retailers and expanding into neighboring Scandinavian markets, as well as Austria, Germany, and the U.S. The company’s ability to navigate diverse regulatory and operational landscapes showcases the versatility of its solution.
“The rapid buildout of wind and solar power is vital to decarbonization. The next challenge is adding enough flexibility to manage the increasing intermittency by getting consumers involved in balancing supply and demand at scale, incentivizing them to do so with lower electricity bills. Emulate has built the toolset that enables utilities to do just that,”
said Mikael Myllymäki, Vice President and Head of Helen Ventures.
Swedish Innovation with Global Impact
This funding underscores Sweden’s growing reputation as a global leader in energy innovation. With international backing, Emulate leverages Swedish ingenuity to address the global challenge of enabling grid flexibility and scaling smarter energy systems. The company’s technology, stemming from co-founder Daria Majidian’s research at MIT, integrates various device types into a unified platform, offering a solution that balances ease of implementation with maximum impact.
