Dexter Energy raises €23 million to scale AI-powered forecasting and trade optimization services for renewables and batteries

Amsterdam, July 2, 2025 – Amsterdam-based climate tech company Dexter Energy has raised €23 million in a Series C funding round to further scale its AI-powered forecasting and trade optimization services for renewables and batteries. The round was led by Alantra’s energy transition fund, Klima, joined by Mirova and with continued support from existing investors, including ETF Partners, Newion, and PDENH.

Dexter’s mission is to accelerate the energy transition toward a fully carbon-free power system by making short-term power trading smarter, easier, and more profitable for renewable energy producers. Dexter’s intelligent software helps energy companies balance the electricity grid, reduce balancing costs, and optimize the use of solar, wind, and battery storage, crucial in an increasingly volatile energy market. With the investment, Dexter will expand its solutions for battery trading, boost its optimization tools for wind and solar energy, and grow into new European markets.

Luuk Veeken, CEO and founder of Dexter Energy, said:

“We’re excited to welcome Klima aboard. They share our belief that AI is now essential infrastructure for an electricity grid increasingly powered by renewables and storage. This investment enables us to grow our team, expand into new markets, and redefine short-term trading for wind, solar, and battery portfolios. In doing so, we can help more companies get the most out of their clean energy and support them in balancing the grid.”

Helping clean energy players thrive in Europe’s volatile power markets

As renewables rapidly scale across Europe – from around 34% of electricity generation in 2019 to 47% in 2024, and an expected 70% by 2030 – clean energy producers are facing growing challenges. They must compete in a fast-changing market where prices are volatile, weather drives constant fluctuations, and traditional subsidies are no longer the main source of income. 

In the Netherlands, for example, renewable producers have seen their revenues drop by more than 30% since 2019, due to price declines caused by cannibalization and rising balancing costs resulting from forecasting inaccuracies.

Dexter’s technology helps energy producers extract more value from their renewable energy assets. It dynamically optimizes production across the day-ahead, intraday, and imbalance markets. By intelligently leveraging physical flexibility, such as temporarily curtailing production or controlling storage, Dexter’s software delivers automated trading strategies and real-time asset control. This enables energy companies to significantly increase their revenues.

With this new investment, Dexter will accelerate the development and rollout of its asset-backed trade optimization solutions for wind and solar across Europe. Dexter will also use the funding to fast-track the development and deployment of its solutions for battery trade optimization, initially in the Netherlands and then across key European markets.

Iñigo Echaniz, Partner at Alantra’s Energy Transition fund, Klima commented:

“Dexter Energy exemplifies the kind of cutting-edge energy tech we seek to invest in at Klima: solutions that combine advanced AI with deep energy market expertise to drive real impact. Their ability to optimize renewable and battery trading in and across multiple complex markets will be critical as Europe scales its clean energy infrastructure.”

Anne Boulet, Investment Director at Mirova, added:

“We are excited to partner with Dexter and join the journey with Klima and historic investors. We have been impressed by Dexter’s product and the team’s ability to scale in Europe. This strategic investment reinforces our commitment to advancing technology and energy solutions, while creating valuable synergies with our existing infrastructure portfolio.”

From left to right: Luuk Veeken – CEO & Founder, Hubert Penn – CCO & Co-founder, Igor Curic – CFO, Tom Lemmens – CPTO & Co-founder

Media contacts
Kyra Hartlief – PR & communication consultant
kyrahartlief@gmail.com
Andi Piftor – Marketing Manager
andi@dexterenergy.ai

About Dexter Energy

Founded in 2017 and based in Amsterdam, Dexter Energy offers advanced machine learning and optimization solutions for short-term power trading. By integrating forecasting, automation, and asset management, Dexter helps energy providers to maximize the value of their wind, solar, and battery portfolios. Dexter’s mission is to accelerate the energy transition towards a carbon-free power system.

With a presence in nine European countries and a team of 90 professionals specializing in short-term power markets, machine learning, quant trading, data engineering, and energy meteorology, Dexter is driving innovation and efficiency across the clean energy sector.

Today, Dexter Energy works with over 80 energy companies, including Centrica Energy, Pure Energie, and Luminus. The company is uniquely positioned to deliver additional value by intelligently coordinating battery storage with renewable generation, helping producers capture more value from their assets.

About Alantra and Klima Energy Transition fund

Alantra is an independent global mid-market financial services firm providing investment banking, asset management, and private capital services. In Alternative Asset Management, Alantra offers its clients unique access to a wide range of investment strategies in five highly specialized asset management classes (private equity, active funds, private debt, energy, and venture capital). As of March 2025, assets under management from consolidated and strategic businesses stood at €16.7bn.

Alantra’s Energy Transition fund, Klima, is a € 210m late-stage VC fund. Alongside Enagas, as a cornerstone investor, Klima is backed by relevant investors such as the European Investment Fund, Axis ICO, and CPPI. Klima partners with companies located in Europe and North America that have high growth potential in sectors such as smart power grids and markets, energy storage, and technologies.

About Mirova

Mirova is a global asset management company dedicated to sustainable investing and an affiliate of Natixis Investment Managers. At the forefront of sustainable finance for over a decade, Mirova has been developing innovative investment solutions across all asset classes, aiming to combine long-term value creation with positive environmental and social impact.

Headquartered in Paris, Mirova offers a broad range of equity, fixed income, multi-asset, energy transition infrastructure, natural capital, and private equity solutions designed for institutional investors, distribution platforms, and retail investors in Europe, North America, and Asia-Pacific. Mirova and its affiliates had €32 billion in assets under management as of March 31, 2025. Mirova is a mission-driven company, labeled a B Corp.

Disclaimer
This press release is for informational purposes only and does not constitute financial or investment advice. The information provided reflects the stakeholders’ opinion / the situation as of the date of this document and is subject to change without notice.