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§ Private Profile · Paris, France
Software company developing energy management solutions to monitor, control, and optimize renewable energy systems for developers.
Elum Energy is a Paris, France-based software company that develops advanced energy management systems and controllers to monitor, control, and optimize renewable energy assets like solar arrays, battery storage, and electric vehicles. The company provides its proprietary technology to commercial, industrial, and utility-scale operators, successfully deploying its hardware and software solutions across more than 2,500 projects in 50 countries worldwide. Its platform currently serves over 350 clients, including project developers, facility operators, and original equipment manufacturers, to facilitate seamless grid integration and reduce overall operational costs. In September 2024, the organization secured $13 million in Series B funding backed by lead investor Energize Capital, alongside Alter Equity and Cota Capital, to support its expansion into the United States market. Elum Energy was originally founded in 2016 by co-founders Cyril Colin and Karim El Alami.
Elum Energy has raised $13.0M across 1 funding round.
Elum Energy has raised $13.0M in total across 1 funding round.
Elum Energy is an energy and automation company that develops monitoring, control, and supervision solutions for solar power systems and hybrid energy assets, including solar, batteries, EVs, diesel generators, and storage.[1][2][3] Its core products—ePowerControl (a universal controller), ePowerMonitor (SCADA platform), and related services—enable EPCs and IPPs to reduce LCOE by simplifying installation, optimizing performance, ensuring grid stability, and providing analytics like predictive maintenance.[2][3][5] Serving over 350 clients across 50 countries with 2,500+ projects in C&I, microgrid, and utility-scale segments, Elum targets Europe, Africa, Latin America, MENA, and APAC, addressing the integration of intermittent renewables amid surging capacity, storage needs, and grid constraints.[1][2]
Founded in 2016, the company has shown strong growth, raising a $13M Series B in 2024 from investors like Energize Capital, reflecting momentum in the maturing solar O&M market.[2][5]
Elum Energy was founded in 2016 in France by Cyril Colin (CEO) and Karim El Alami (General Manager), who met as graduate students at UC Berkeley after attending École Polytechnique.[1][2] Witnessing California's grid transformation—driven by CO2 reduction goals, profitable renewables, intermittent solar surges, energy storage adoption, and emerging grid constraints—they foresaw these as global benchmarks.[1][2] This inspired them to create a scalable, asset-agnostic controller and platform to interconnect renewables, storage, EVs, and hydrogen in evolving energy ecosystems.[1][2]
Early milestones include the first standard solar project in Morocco, solar+diesel C&I plants in South Africa, and utility-scale deployments under 10 MWh, expanding via certified installers, distributors, and OEM partnerships.[1]
Elum rides the global energy transition trend: surging renewable capacity (especially intermittent solar), mandatory storage for reliability, and grid constraints from integration challenges.[1][2] Timing aligns with maturing solar markets shifting from deployment to O&M, where multi-asset hybrids, rising energy demand, and electrification (EVs, hydrogen) demand flexible control—Energize Capital notes Elum fills this gap for C&I/utility developers.[2]
Market forces favoring Elum include policy-driven CO2 cuts, renewables' cost competitiveness, and grid modernization needs worldwide, positioning it to industrialize renewable plant operations.[1][3] It influences the ecosystem by enabling higher solar adoption, lower LCOE for EPCs/IPPs, and data-driven insights that accelerate grid decarbonization.[2][3]
Elum is poised for expansion in hybrid/microgrid markets as grids complexify with storage, EVs, and hydrogen; expect deeper utility-scale penetration and AI-enhanced analytics.[2][3] Trends like decentralized energy and regulatory pushes for stability will amplify demand, potentially driving further funding and 10x project growth. Its multicultural team and proven scale suggest evolving influence as the go-to platform for worldwide renewable integration—building on its mission to make grids more renewable, one controller at a time.[1]
Elum Energy has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Series B in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $13M Series B | Energize Ventures | Afore Capital, Jetstream, Obvious Ventures, David Mytton | Announced |
Elum Energy has raised $13.0M in total across 1 funding round.
Elum Energy's investors include Energize Ventures, Afore Capital, Jetstream, Obvious Ventures, David Mytton.