Founded in 2015, ESFORIN (energy services for industry) is the leading provider of flexibility marketing in the power sector. The company operates an automated system to monetise the flexibility of industrial and generation energy assets for their clients on the intraday markets through algorithmic trading. This enables a far wider range of energy assets to contribute to the stability of the energy system than only the assets that meet the strict technical requirements for the control need of grid operators.
The company is backed by SET Ventures, ERAME Equity, and Christoph Ostermann. ESFORIN is based in Essen, Germany.
NEWS ON ESFORIN
ESFORIN SE, the leading European provider of flexibility solutions for the power sector, today announced it raised a growth equity round led by SET Ventures with participation from sonnen founder Christoph Ostermann and existing shareholders. With the funding, ESFORIN will expand its team, scale up client engagement and delivery capabilities and invest in international expansion to strengthen its market leadership.