Amsterdam based operations platform for decentralized renewable energy systems, AMMP Technologies announced on 7th September, 2020, that it has secured €1.15 million in a funding round led by Point Nine Capital, which is an early investor in B2B SaaS companies like Typeform and Zendesk.
Other participants include Musha Ventures and Africa focused Raba Partnership. The company claims to have an aim to be a SaaS platform underpinning tomorrow’s energy infrastructure, supporting the accelerating global shift from fossil fuels to decentralized renewable energy.
Incorporated in the year 2018, the company is currently focusing on emerging markets where €50 billion is spent on diesel generation per year. They are also focusing on the markets where cleaner and cheaper renewables are rapidly replacing this expense.
AMMP has a reputation to work with few of the most advanced companies in this same domain including PowerGen, Rensource and Daystar. The company enables remote operations with nearly 1000 renewable energy generation systems across 17 countries on 4 different continent from Colombia to Myanmar. They also support a wide range of assets from rural mini-grids with battery storage to complex megawatt-scale PV- diesel hybrid plants to telecom towers.
The company may deploy the latest investment to expand its customer range while further developing its solutions. The company could also add vendor integration and partnership and launch solutions targeted at energy for telecom infrastructure. The company claims that their solutions help users to reduce system downtimes, obtain reliable insight into performance of system and proactively plan maintenance. Overall, the use of AMMP has been shown to reduce OPEX by 30%.
Principal of Point Nine, Louis Coppey, commented, “Energy generation is increasingly relying on decentralized systems using renewables. Conversations with multiple emerging utility companies show the pace at which this is happening in developing countries and how important AMMP’s platform is for these to run their operations. We’ve been impressed by the team’s deep insight into the problem and are looking forward to joining them on their journey to become the backbone of the next generation of utility companies.”
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