Spot My Energy

The company's core offering is a combination of a smart meter, a proprietary Home Energy Management System (HEMS) called "Spot Pilot," and a dynamic, time-of-use electricity tariff. This system is designed to replace outdated analog infrastructure, providing users with real-time, transparent data on their energy consumption and production. It allows for the optimization of energy flows by intelligently networking and controlling assets like photovoltaic (PV) systems, home storage batteries, electric vehicle (EV) chargers, and heat pumps. By automating the control of these devices based on real-time energy prices and grid signals, the system helps customers increase self-consumption of their solar power and purchase grid electricity when it is cheapest. Homeowners can monitor and manage their energy through a dedicated mobile app.

Spot My Energy's business model is asset-light, relying on a network of independent installers for the rollout and installation of its hardware. The company has secured financing for its smart meters through a partnership with Horizon Energy Deutschland, a KKR subsidiary, which owns the meters. This allows Spot My Energy to focus on its role as a technology and service provider. The company generates revenue through its role as an electricity trader and by providing its energy management solution. In December 2024, the company announced a €10.5 million seed funding round with participation from Norrsken VC, Vorwerk Ventures, and Picus Capital to expand its team and accelerate product development. This was followed by further investment from Junction Growth Investors in early 2026, bringing the total capital raised to a significant figure to speed up the smart meter rollout.