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Exclusive: Skoon raises $5.6M for energy rental marketplace

Oct 19, 2023
Illustration of a digital power grid map forming a dollar sign.

Illustration: Gabriella Turrisi/Axios

Skoon Energy closed a $5.6 million Series A to expand its online marketplace for renting batteries, solar panels and other on-site power sources, the startup tells Axios exclusively.

How it works: The startup is blending a conventional rental website with a cutting-edge virtual power plant, meaning equipment suppliers can make money between rentals simply by connecting their gear to the grid.

Catch up fast: Hollywood studios, construction firms and event planners are looking for alternatives to noisy, polluting diesel generators.

  • Figuring out which equipment is appropriate — and then finding and operating it — can be a hassle.

Zoom in: Skoon, based in Rotterdam, Netherlands, runs a rental marketplace connecting renters with suppliers.

  • The site also enables its suppliers to connect to a virtual power plant, in which utilities draw power from batteries, rooftop solar panels and other distributed assets that are connected to the grid.

Be smart: Virtual power plants enable utilities to increase capacity on the grid without having to build expensive new power plants.

  • Households and businesses that participate get compensated for helping shore up the network.

What they're saying: "It's our way of entering the grid operator market with a model that makes money for the supplier," Skoon CEO Peter Paul van Voorst tot Voorst tells Axios.

Details: Blue Bear Capital led the all-equity round, which closed in July. Graduate Entrepreneur Fund joined.

What's next: Skoon plans to expand to the U.S. in the next few months, the CEO says.

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