Seed · Energy · Reykjavík, Iceland · Founded 2022 · 11–50 employees
Snerpa Power develops a specialized software-as-a-service platform designed to connect power-intensive industrial consumers directly with electricity markets. Founded by energy sector veterans in 2022, the company automates load forecasting, scheduling, and bid generation to help heavy industries sell balancing energy back to the grid. In August 2023, the startup secured a 2.2 million euro seed funding round to accelerate its technology development and expansion. By enabling companies like metal producers and data centers to act as flexible grid stabilizers, Snerpa Power helps optimize energy costs while reducing CO2 emissions.
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