SnerpaPower

SNERPA Power is a promising energy startup based in Iceland that has positioned itself as a key player in accelerating the energy transition. With the slogan "Shifting the focus to the demand side to speed up the energy transition," SNERPA Power is dedicated to developing intelligent energy services tailored for the power-intensive industry in Iceland. This not only creates new revenue streams but also enhances the market's competitiveness for electricity, contributing significantly to the energy transition. Since its establishment in 2022, SNERPA Power has garnered recognition and financial support from various esteemed entities. The company has secured grants from the Technology Development Fund in Iceland, the National Energy Fund, and the Entrepreneurship Fund of Islandsbanki, affirming its potential and innovative approach. In terms of investments, SNERPA Power recently received a noteworthy €2.20M Seed Round investment on 30 August 2023, with backing from prominent investors such as Crowberry Capital and BackingMinds. SNERPA Power's strategic focus on leveraging the power-intensive industry's potential in Iceland, along with its ability to attract substantial grants and investments, indicates a promising future trajectory for the company in driving the energy transition.