FlexiDAO

About FlexiDAO

FlexiDAO, established in 2017, is a software provider specializing in 24/7 electricity and carbon tracking for corporations with ambitious decarbonization targets. The company originated from a university research project by founders Simone Accornero and Grzegorz Bytniewsky, who were soon joined by Joan Collell. Their shared background in energy management, IT, and business strategy, combined with an interest in blockchain technology, spurred the creation of a platform to increase transparency in the renewable energy market. Initially focused on microgrid management, the team pivoted after discovering a more immediate market need for transparency in corporate renewable energy procurement.

FlexiDAO operates on a Software-as-a-Service (SaaS) business model, generating revenue through subscription fees based on the volume of energy tracked. The company serves large corporate energy consumers and sustainability teams managing complex clean energy portfolios. Its client roster includes major corporations like Google, Microsoft, Meta, Amazon, and Vodafone. A significant milestone was a €6.1 million funding round in July 2022, led by SET Ventures with participation from Google and the Microsoft Climate Innovation Fund, which has fueled the company's expansion in Europe and the US.

The core of FlexiDAO's offering is a platform that aggregates and standardizes data on electricity consumption, production, and Energy Attribute Certificates (EACs). By integrating with data hubs and registries, it provides a unified view of a client's entire clean energy portfolio. A key feature is its ability to track the origin and carbon content of electricity on an hourly basis, moving beyond traditional annual certifications. This granular, real-time tracking is enabled by blockchain technology, which acts as a digital notary to ensure data is tamper-proof and to prevent double counting. The platform allows clients to monitor their progress towards 24/7 carbon-free energy goals, manage compliance risks for standards like RE100 and CSRD, automate reporting, and analyze the performance of Power Purchase Agreements (PPAs). This significantly reduces manual workload and provides the strategic insight needed for confident stakeholder reporting.