12 million for Green Fusion

22.01.2025

Source: E & M powernews

Software developer Green Fusion wants to optimize heating technology with artificial intelligence. The company has now raised fresh capital for this purpose.

Software developer Green Fusion promises to reduce heating costs and CO2 emissions. The optimization of renewable energy systems is to become a separate business area of the company in the future - a project that is also supported by numerous investors, as can be seen from a Green Fusion press release.

Accordingly, 12 million euros have been raised in a financing round. The round was led by HV Capital and X Ange, with the participation of existing VC (venture capital) investors such as Bitstone Capital, Übermorgen Ventures, Kopa Ventures, Vireo Ventures and Brandenburg Kapital. The money will be used to expand the installation, sales, product development and customer support teams and to set up the new unit.

Green Fusion sells a cloud-based energy management system that uses artificial intelligence to monitor, analyze and control heat and energy systems in buildings. The company is currently planning to optimize 3,000 existing systems in apartment buildings. In addition to the software, Green Fusion also provides the necessary hardware and sensor technology and installs it with its own installation team. On average, energy consumption can be reduced by 16 percent, writes Green Fusion.

"The heating transition is making everything more complex," says Paul Hock, founder and Managing Director of Green Fusion. "There is no longer just one central heat generator and electricity from the grid. Several producers and consumers, as well as different manufacturers within a building, require intelligent control."

Author: Katia Meyer-Tien