VERBUND X Ventures leads investment in Swedish startup Qurrent: AI-powered platform for intelligent control and energy trading of renewable energy assets

VERBUND X Ventures, the corporate venture capital unit of Austrian energy company VERBUND, is leading the latest funding round of Swedish startup Qurrent. The company leverages an AI-powered platform to automate the control, optimization, and energy trading of renewable energy assets. The Norwegian venture capital fund Arkwright X is also participating in the round alongside VERBUND X Ventures.

New market challenges demand digital solutions

As the share of renewable energy grows, so does the complexity of the electricity system. Decentralized generation, fluctuating feed-in, and dynamic market mechanisms require flexible and intelligent control solutions Qurrent addresses this need with an AI-driven platform tailored specifically to commercial and industrial energy assets.

Technological edge through AI and real-time optimization

Founded in Sweden in 2022, Qurrent has developed an AI-based platform that connects and optimizes decentralized assets such as solar PV systems, battery storage, and control units in real-time. The solution enables seamless integration into energy markets such as intraday trading, frequency regulation, or grid services. The platform automates optimization, dispatching, and market access— delivering a scalable, data-driven solution for the economic operation of flexible energy systems. A key driver of Qurrent’s market traction is its strong European network of industrial partners, which plays a central role in scaling its technology.

Michael Strugl, CEO of VERBUND AG, emphasizes the importance of the investment: "With Qurrent, we are investing in a technology that not only makes the energy system more efficient, but also smarter. Their data-driven approach complements our strategy of leveraging digitalization and artificial intelligence as key elements for a sustainable energy future," emphasizes Michael Strugl, CEO of VERBUND AG.

Franz Zöchbauer, Managing Director of VERBUND X Ventures, also highlights the startup’s potential: "We see Qurrent as a strong team with a scalable product that addresses one of the most urgent needs in the energy market: flexibility and intelligent control. This investment is a perfect fit for our innovation strategy, which increasingly focuses on digital technologies and the use of artificial intelligence in the energy system."

Mats Lindelöw, CEO of Qurrent, welcomes the new partnership: "With VERBUND and Arkwright on board, Qurrent gains not only the resources but also the expertise to accelerate our growth and international expansion, while staying true to our clean-energy ethos. Their backing represents a strong vote of confidence in our team, our technology, and our vision to become the intelligent, connected layer of flexible power in a future powered increasingly by renewable electricity.”

Targeted expansion of the VERBUND X Ventures portfolio

With this investment, VERBUND X Ventures is expanding its portfolio in the field of digital energy services and flexibility management, while making its first investment in the Nordic region.  The participation marks another important step in contributing to Europe’s sustainable energy future through innovation.

About Qurrent

Qurrent develops intelligent software solutions for the optimization, control, and automated trading of decentralized renewable energy assets. Founded in Sweden in 2022, the company offers an AI-powered platform that connects battery storage systems, photovoltaic installations, and other components in real time and efficiently manages their operation across various electricity markets. Qurrent’s goal is to maximize the profitability and flexibility of decentralized energy systems through data-driven decision-making and integrated market access. In doing so, the company plays a key role in the digital transformation and stability of the future energy system.

For more information, visit: qurrent.energy or contact: hello@qurrent.se