Series A · Energy · Vienna, Austria · Founded 2016 · 40–40 employees
HYDROGRID develops automated IoT software for real-time hydropower plant planning and dispatch, helping power plant owners increase revenues by up to 16% by aligning production to power markets. The company raised $8.5M in Series A funding in 2023 led by Inven Capital and Karma Ventures to accelerate international expansion. HYDROGRID currently operates in 7 countries and has grown more than 3x in two years, aiming to save over 50 million tonnes of CO2 by 2033. Their platform combines machine learning algorithms for inflow and price forecasting with intelligent optimization across multiple time horizons.
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