German solar 1Komma5° raises €150m; Calstrs leads

1Komma5° CEO and founder Philipp Schröder

Posted By: Euro Financial Review December 23, 2024

Calstrs has led a €150 million financing round for German solar startup 1Komma5°, taking the Hamburg firm closer to an initial public offering.

Calstrs is the California State Teachers’ Retirement System.

Other investors include G2 Venture Partners, 2150, Norrsken VC, Hamilton Lane, b2venture, Eurazeo, eCapital and some existing shareholders.

“The additional funding will allow us to double down in 2025/26 on our ambition to postion Heartbeat AI as the leading virtual power plant solutions for home owners, while continue to grow across 7 countries – house by house, city by city replacing fossil energy, ” wrote 1Komma5° CEO and founder Philipp Schröder on LinkedIn.

“Heartbeat AI has evolved in 2024 to a new level of quality. It effectively replaces electricity tariffs as we now them. 

“By harmonizing consumption and volatilie renewable energy generation we significantly lower electricity cost and improve amortization of solar, batteries, heat pumps and electric mobility.
“At the same time the optimization helps to stabilize the grid and lower Infrastructure cost for all.”
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