Nobile has secured €5 million in funding to enhance its decentralized renewable energy supply model, aiming to expand its operations across Europe.

Target Information

Nobile, based in Vienna, is a pioneering platform facilitating direct and decentralized renewable energy supply through localized energy hubs and micro Power Purchase Agreements (PPAs). This innovative platform allows for direct energy supply from renewable assets to consumers on local, regional, and broader levels, effectively creating localized markets that connect various market participants who previously had no means of interaction.

The company has successfully implemented over 130 energy hubs, securing a supply of 17.5 GWh, and aims to revolutionize the energy sector by establishing independent and resilient energy communities throughout Europe.

Industry Overview in Europe

The traditional energy landscape in Europe is grappling with challenges such as regulatory delays and outdated grid facilities, which hinder the swift incorporation of distributed energy soluti