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Reported by Greenbyte on 9 April 2018

Greenbyte shows strong traction in renewables and raises capital

(Courtesy of Greenbyte AB)

Belgian investment firm Korys, owned by the Colruyt family, invests 5 million Euro in Greenbyte.

To date Greenbyte's SaaS platforms Breeze and Bright are used to monitor, analyze, plan and control 13 GWs of wind and solar assets powering more than 7 million households with renewable energy all around the world.

The capital will be used to further intensify product development and expansion into new geographies. Greenbyte will package Breeze and Bright under one umbrella service called the Greenbyte Energy Cloud under which other renewable energy technologies such as hydro and energy storage will find a home. Further, the capital will be used to operationalize and commercialize Greenbyte’s nascent predictive analytics services based on a deep domain understanding of renewable energy data, renewable energy technologies and data science.

The capital will be used to further intensify product development and expansion into new geographies. Greenbyte will package Breeze and Bright under one umbrella service called the Greenbyte Energy Cloud under which other renewable energy technologies such as hydro and energy storage will find a home. Further, the capital will be used to operationalize and commercialize Greenbyte’s nascent predictive analytics services based on a deep domain understanding of renewable energy data, renewable energy technologies and data science.

“Even though we are showing strong traction, there is so much left undone. We look forward to further our leadership in innovation and user experience within the rapidly growing field of enabling technologies for renewable energy.” – says co-founder and CEO Jonas Corné.

About Korys

Korys is the investment holding company of the renowned Colruyt family. The family has been active in the retail sector for over 50 years and grew the Colruyt Group to become one of the most successful food retail and food services companies in Europe. Korys aims to create sustainable value through a diversified portfolio of investments and focuses on sectors in which it has built substantial expertise, such as Consumer Goods & Retail, Renewable Energy and Life Sciences.

References

[1]

Greenbyte AB. Press release - Greenbyte shows strong traction in renewables and raises capital. URL: http://www.greenbyte.com/news/greenbyte-shows-strong-traction-in-renewables-and-.... [Date Accessed: 01/10/2018].

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