Loading organizations...
§ Private Profile · London, UK
SMPnet is a technology company.
SMPnet provides advanced software solutions for power grid management, specifically its Omega suite. These products deliver real-time optimization, monitoring, and control, empowering utilities and power generators to enhance grid capacity, integrate renewables, and reduce operational costs. The technology ensures autonomous functionality and seamless integration.
Anastasios Rousis and Dimitrios Tzelepis co-founded SMPnet in 2017 after master's studies in Wind Energy Systems. Their partnership arose from a shared vision for renewable energy’s grid potential. Rousis specialized in microgrid systems at Imperial College London, while Tzelepis focused on high voltage direct current grids, combining their expertise.
SMPnet supports utilities and power generators in grid digitalization. Its mission is to accelerate the global energy transition through advanced software for grid analytics, optimization, and real-time control. The company envisions becoming a trusted partner, guiding grid management to digitalization and net-zero targets for a sustainable future.
SMPnet has raised $1.0M across 1 funding round.
SMPnet has raised $1.0M in total across 1 funding round.
SMPnet has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2023 | $1M Seed | Marathon Venture Capital | Insight Partners, IAN Marchant | Announced |
SMPnet is a UK-based technology company founded in 2017 that develops the Omega suite, autonomous power grid management software for utilities and power generators[1][2][3][4]. It enhances grid capacity, integrates distributed energy resources (DERs) like renewables, provides real-time monitoring, advanced optimization, and precise control, enabling customers to defer costly infrastructure upgrades, reduce operational costs, and improve reliability[1][3][4]. The technology-agnostic platform seamlessly integrates with existing systems via APIs, supports hybrid AC/DC grids, and scales to millions of DERs, addressing challenges in grid digitalization and the energy transition[1][2][4].
With deployments across Europe and North America, SMPnet has raised over $1M from investors like Marathon Venture Capital and serves as a key enabler for utilities navigating decentralized, DER-dominated grids[1][2][4].
SMPnet was co-founded in 2017 by Anastasios Rousis (CEO) and Dimitrios, who met while pursuing Masters degrees in Wind Energy Systems at the University of Strathclyde in Scotland[2][3]. Their shared vision emerged from academic expertise in power systems and renewable energy, aiming to create tools that harness technology for efficient grid management and greater renewable integration[3]. Anastasios brings a technically oriented background with business strategy focus, while the team includes experts like Angelos Patsidis (Product) and leverages networks such as honorary president Ian Marchant[2][3].
Early traction built through developing the Omega suite, with deployments in projects like Community DSO and collaborations resolving issues like power island re-synchronization, establishing credibility in real-world utility applications[4].
SMPnet rides the global energy transition trend toward grid digitalization, net-zero targets, and DER proliferation from renewables and flexible demand, where traditional grids struggle with overloads and integration[1][3][4]. Timing aligns with policy-driven decentralization and tech revolutions in voltage control and autonomous systems, amplified by market forces like rising renewable adoption and infrastructure cost pressures[4]. By offering accessible, complementary software, SMPnet influences the ecosystem as a trusted utility partner, fostering sustainable grids—evidenced in collaborations with projects like Energy Systems Catapult and Community DSO, which enhance flexibility and operations for broader adoption[4][6].
SMPnet is poised for expansion with Omega's scalability and proven deployments, targeting deeper North American penetration and global utilities amid accelerating DER growth[1][2][4]. Trends like AI-driven grid autonomy, hybrid AC/DC evolution, and net-zero mandates will propel demand, potentially amplifying its role through partnerships and further funding[3][4]. As grids decentralize, SMPnet's influence could evolve from niche innovator to essential infrastructure layer, empowering the reliable, efficient power systems needed for a sustainable energy future—building directly on its founding mission to navigate these complex waters[3].
SMPnet has raised $1.0M in total across 1 funding round.
SMPnet's investors include Marathon Venture Capital, Insight Partners, Ian Marchant.