Energize Capital is leading a $13 million Series B investment in Elum Energy, a company specializing in advanced energy management solutions for renewable energy systems.
Information on the Target
Energize Capital is leading a $13 million Series B investment in Elum Energy, a pioneering company specializing in advanced energy management solutions tailored for renewable energy systems. This financing round also includes contributions from previous investors Alter Equity and Cota Capital. As part of this investment, Energize Principal Eileen Waris will join Elum Energy's board of directors.
Industry Overview in the Target’s Specific Country
The renewable energy sector is experiencing extraordinary growth, with a projected 65% increase in global renewable energy capacity between 2023 and 2027. By 2028, it is anticipated that renewables will contribute over 42% of total electricity generation. In 2023 alone, 97% of new energy generation in the U.S. has been carbon-free, with solar installations adding an impressive 12 GW—enough to supply power to approximately nine million homes.
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As this industry evolves, it increasingly embraces complex projects that often comprise multi-asset systems. Currently, around one-third of solar projects in the interconn
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Energize Capital
invested in
Elum Energy
in 2023
in a Series B deal
Disclosed details
Transaction Size: $13M