Amsterdam’s top energy startups to watch in 2024

Dexter Energy

Dexter Energy provides AI-driven forecasting and trade optimisation solutions tailored for renewable energy firms. Their services enhance portfolio management by accurately predicting power generation and grid imbalances, leading to potential savings of up to 35% in balancing costs. This helps maximise trade profit for renewable companies which in turn funds more renewable projects.

Spectral

Spectral, a fast-growing clean tech company in Amsterdam, focuses on system integration within the smart energy sector. Their mission is to accelerate the global transition to 100% renewable energy. Spectral develops customised solutions for utilities and industry leaders, specialising in energy management, analytics, energy storage, and smart grids. They also work with BRIGHTER, a real estate platform for data analytics, ESG reporting, and building control, enabling properties to become energy-efficient, comfortable, and sustainable.

Shared Energy Platform (SEP Energy)

SEP Energy wants everyone to be part of the energy revolution by tackling grid congestion with innovation. Their Shared Energy Platform (SEP) stimulates local energy trading, creates a balance between supply and demand, and offers the opportunity to not only benefit financially but also to actively contribute to a more stable grid.

Watermeln

Watermeln is a Dutch startup committed to providing green electricity to off-grid locations. Whether it's bustling construction sites, lively festivals, or EV charging stations they make tailored hydrogen fuel solutions, cutting out our reliance on diesel and promoting the transition to electric mobility.

Euto Energy

Euto Energy is working with real-time automation for energy networks. Their innovative approach is well on the way to transforming the industry by shifting energy networks from traditional hardware-based systems to flexible software-as-a-service (SaaS) solutions. SaaS creates easy-to-understand insights and congestion-free networks meaning all consumers can access power even in peak time avoiding grid overloads.

Optics11

Optics11's novel technology uses fibre optic sensing to monitor partial discharges in high-voltage equipment, even in difficult or harsh environments, like extreme heat. Fibre optic sensing allows for precise and reliable monitoring of electrical equipment to detect potential issues early and prevent failures. Fibre optic cables are more efficient and have a smaller carbon footprint than copper cables, as they require less energy to transmit data. Additionally, fibre optics use significantly fewer resources compared to other alternatives.

Brineworks

Brineworks works with ocean-based CO2 removal through electrochemistry. Established in Amsterdam in 2023, their team has pioneered innovative electrolysis technology that facilitates cost-effective, scalable, and environmentally responsible carbon removal from oceans. Climate change is the greatest threat to marine biodiversity and ecosystem integrity. Despite efforts to reduce emissions and decarbonise the economy, significant impacts on ocean ecosystems are likely unavoidable without carbon dioxide removal (CDR). Brineworks operates with earth-abundant materials, this helps combat climate change while protecting marine ecosystems. 

NXT Grid

NXT Grid founded in 2019 and headquartered in Amsterdam, NXT Grid aims to simplify the design and deployment of solar mini-grids, providing electricity to communities in developing countries, currently focusing on Nigeria. NXT Grid employs data-driven assessments, grid design, and equipment selection to optimise its Dutch technology for scalability and profitability, providing electricity access to underserved communities.