Enogrid

Founded in 2018, Enogrid deploys collective self-consumption (CSC) systems for electricity in France. CSC is a local electricity sharing model that allows producers and consumers in close geographical proximity to share electricity produced locally using renewable energy sources. This innovative model enables consumers to benefit from green and local electricity at a competitive price and to reduce their dependence on traditional electricity suppliers. CSC acts as a safeguard against energy price volatility and is a tool against energy poverty. Enogrid supports the various stakeholders in a CSC project, from feasibility studies and implementation to monitoring and management throughout the project's lifecycle. Its business model is hybrid, combining a consultancy that has allowed it to enter, explore, and become a leading expert in the market, with a SaaS (Software as a Service) solution that includes internally developed tools and software for scaling the offering. The company has supported over 300 projects and manages 33% of France's collective self-consumption production capacity. It operates within the renewable energy sector but does not produce energy itself; its partners are renewable energy installers and developers who use Enogrid’s expertise in CSC. Enogrid achieved €820k in revenue in 2023, a 67% increase from 2022, and aims to scale up by developing new tools and expanding into new geographical areas. The company is raising €1.5M in capital, with a portion reserved for investors through LITA.co.

Would you like to contribute to the development of a local electricity circuit? Invest in Enogrid.