FION Energy Secures €1.4 Million to Revolutionize Factory Battery Use

European factories are grappling with electricity prices that are approximately 50% higher than those in the United States and China, creating significant challenges for production sites. In response to these pressing issues, the Berlin-based cleantech startup, FION Energy, has secured €1.4 million in pre-seed funding. This investment, which was led by HTGF and Norrsken Evolve, aims to accelerate the deployment of FION’s innovative battery storage systems designed to optimize energy use in factories.

Founded by Philipp Hamm, Johannes Meriläinen, and Dmytro Dzifuta, FION Energy offers a comprehensive solution that simplifies battery integration for industrial sites. The company conducts a thorough analysis of a facility, sizes the appropriate battery system, procures the necessary hardware, oversees installation, and manages the entire operation continuously. This streamlined approach is expected to significantly reduce electricity costs for users.

Philipp Hamm, Co-Founder and Managing Director of FION Energy, emphasized the urgency of the situation: “European industry is losing ground because of high electricity costs. With FION, energy becomes predictable and profitable again – our AI turns battery storage into a real competitive advantage.”

The company’s proprietary AI dispatch engine monitors consumption patterns, evaluates tariffs and market prices, and autonomously controls the battery system. This functionality minimizes peak loads, reduces grid fees, and allows for price arbitrage, all without imposing additional work on factory operations. According to FION, this can lead to savings of up to 50% on electricity costs.

FION Energy sets itself apart from competitors such as Sonnen, Tesla Powerwall, and EnBW by focusing on plug-and-play solutions rather than custom engineering. Early pilot projects have already demonstrated the effectiveness of this model, positioning FION as a strong contender in the energy management sector.

Future Plans for Decentralized Energy Networks

Looking ahead, FION Energy aims to establish a decentralized energy network that connects industrial sites, enabling factories not only to consume power but also to manage and trade it intelligently. Several battery systems have already been installed at various industrial customer locations, with plans for additional projects in Germany and across the European Union.

Anne Umbach, Investment Manager at HTGF, expressed confidence in FION’s potential, stating, “High energy costs are one of the biggest challenges for industry. FION offers a scalable solution that reduces costs and simplifies the onboarding process for battery storage. A strong team, a clear market – that’s why we are investing.”

As Europe continues to navigate the complexities of energy costs and sustainability, FION Energy’s innovative approach could play a crucial role in reshaping how factories utilize and manage their energy resources. With the newly acquired funding, the startup is poised to expand its reach and influence in the growing field of energy optimization.