Energy Transition: J4ENERGY Closes a Round Worth Over 1 Million Euros

J4ENERGY, a startup that deals with energy transition by exploiting artificial intelligence to allow industries to save on costs and emissions, announces the closing of its first capital increase of over 1 million euros.

The Padua-based company is financed by the main investor, RoboIT, the National Technology Transfer Hub for Robotics and Industrial Automation, together with Tech4Planet, the National Technology Transfer Hub for Environmental Sustainability, and Pariter Robotics, a specialized investment vehicle in robotics.

How J4ENERGY works

J4ENERGY is a new generation digital energy platform that supports industrial decision-makers in decarbonisation processes thanks to “Energy Co-Pilot” technology. The proposed solution is able to reduce costs and emissions at various industrial plants with an average reduction of over 50%.

The Energy Co-Pilot, certified by the Solar Impulse Foundation, is an AI tool that allows you to create a digital model of the energy system and evaluate the possible actions both on the investment plan in technologies and that of the daily management of energy in the company.

Now for J4ENERGY the goal is to accelerate the energy transition of the industrial sector, according to what was declared by Filippo Lazzarin , co-founder and CEO of the startup.

The objectives of J4ENERGY

The funds raised will be used by J4ENERGY for the development of the Energy Co-Pilot’s AI technology and to expand the team, allowing more and more companies to achieve the energy transition quickly.

In particular, this reality focuses on the development and research of applications for emissions that are difficult to reduce, such as high-temperature industrial heat, including heat pumps up to 200°C, thermal storage, syngas and refrigeration technologies.

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(Featured image by Nuno Marques via Unsplash)

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First published in StartupItalia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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