Hybrid Energy Storage Solutions
A technological solution provider, pioneer in creating hybrid energy storage solutions (HESS), optimized in economic terms.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
* | €12.0m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 237 % | - | 375 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (59 %) | 122 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (55 %) | 92 % | (257 %) | (37 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Hesstec is a forward-thinking startup specializing in advanced energy storage solutions for modern electrical grids. The company focuses on creating hybrid energy storage systems that enhance the efficiency and reliability of smart grids. In simpler terms, Hesstec develops technology that helps manage and store energy more effectively, ensuring that electrical grids can operate smoothly and handle varying demands without interruption.
Hesstec serves a diverse range of clients, including large utility companies like Duke Energy and Enel Endesa, as well as smaller, isolated grid operators. The company operates in the energy sector, specifically targeting the smart grid and renewable energy markets. These markets are crucial as they focus on modernizing the way electricity is distributed and stored, making it more sustainable and reliable.
The business model of Hesstec revolves around providing comprehensive energy storage solutions. This includes the development and deployment of advanced power electronics converters, ultracapacitor stacks, and other innovative technologies that integrate with existing grid systems. By offering these solutions, Hesstec helps its clients optimize their energy storage and distribution, reduce costs, and improve grid stability.
Hesstec generates revenue through multiple streams. Primarily, it sells its hybrid energy storage systems and related technologies to utility companies and grid operators. Additionally, the company provides various grid services, such as grid stabilization, peak power management, and renewable energy integration. These services are essential for maintaining a balanced and efficient energy supply, and clients pay for these ongoing services, creating a steady income for Hesstec.
In summary, Hesstec is revolutionizing the energy storage landscape with its cutting-edge hybrid systems, serving a broad spectrum of clients in the smart grid and renewable energy markets. The company's innovative solutions and multiple revenue streams position it as a key player in the future of energy management.
Keywords: energy storage, smart grid, hybrid systems, utility companies, grid stability, renewable energy, power electronics, ultracapacitors, grid services, energy management.