
Sennen Tech
Sennen Tech | Asset Management Software | Cutting edge software for Renewables.
Date | Investors | Amount | Round |
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investor | €0.0 | round | |
investor investor | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
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Sennen Tech operates as a specialized software provider for the renewable energy sector, focusing on enhancing the management of large-scale clean energy assets. Founded in Bristol, United Kingdom, in 2017 by Gaby Amiel and Paul Grimshaw, the company was established to address the growing need for sophisticated digital tools in the renewables industry. Both founders leveraged their extensive careers in the renewables sector to create a system that addresses the operational complexities of scaling up to meet the energy transition.
The company's core offering is a cloud-based, modular software platform that digitizes and automates the operations of renewable energy projects. This system integrates disparate data sources to provide real-time status updates, historical data analysis, and predictive insights, enabling clients to make more informed decisions, improve safety, and boost efficiency. The platform's features include key performance indicator (KPI) tracking, contract management, task management, and health and safety management. Sennen serves a client base that includes major offshore and onshore wind farm operators, solar farms, infrastructure investment funds, and prominent energy companies such as EDF Renewables, RWE, and London Array.
Financially, Sennen Tech raised approximately $1.55 million over three funding rounds, with investors including Sustainable Ventures, Vala Capital, and Seedrs. The company's final valuation before being acquired was reported at $11.1 million. A significant milestone was its acquisition by Kraken, the tech arm of Octopus Energy Group, in December 2023. This transaction was a strategic move for Kraken to enhance its renewable energy asset management capabilities, increasing its contracted energy generation and storage assets from 6.5 GW to 36 GW and marking its entry into the management of offshore wind farms.
Keywords: renewable energy, asset management, data analytics, clean energy, offshore wind, operational efficiency, software platform, solar energy, energy transition, grid-scale batteries