Companion Energy

The company has developed a software-as-a-service (SaaS) platform that utilizes machine learning to optimize energy consumption and costs. By analyzing a client's specific energy contracts and operational data, the platform generates forecasts of energy needs and costs. This enables businesses to make informed decisions in real-time, such as shifting energy use to periods of lower prices, like when there is abundant wind or solar power. The system provides optimization signals for managing flexible energy assets, helping to reduce and stabilize energy expenses while also cutting emissions. Companion.energy's software integrates with a client's operational systems via an API, providing site-specific consumption forecasts and electricity price curves to automate energy portfolio management and improve hedging strategies. Clients can reportedly save an average of 10-30% on electricity costs.

In May 2024, Companion.energy secured €2.1 million in a funding round with participation from investors including Übermorgen Ventures, Cavalry Ventures, Entourage, and the Imec.istart Future Fund. This capital is intended to fuel the company's growth and international expansion. Despite being a relatively young company, its client roster includes major European players such as Proximus, Equans, and VERBUND.