Swedish energy technology company Flower has secured €45 million (USD 49 million) in a Series A funding round led by Northzone, alongside contributions from Giant Ventures, 82an Invest, and Sony Innovation Fund. Additional backing from angel investors, including EQT Foundation partner Thomas von Koch and King founder Sebastian Knutsson, brings Flower's total capital raised to €100 million.
The new funds will drive Flower's geographic expansion and support the development of its AI-driven battery energy storage systems (BESS). Flower, founded in 2020, integrates software with flexible energy assets, focusing on trading and optimizing battery storage. Currently active in Sweden and Denmark, the company aims to enter the DACH region, France, the Netherlands, and Belgium by 2025-2026.
In September, Flower acquired a 40-MW/80-MWh ready-to-build battery storage project from Swedish developer Arise AB, increasing its battery portfolio to 270 MW. This followed its earlier agreement to purchase a 42.5-MW BESS project from OX2 AB, further expanding its storage assets.
