Lisbon-based Bling Energy secured €15 million in an initial investment round. BlueCrow Capital led the funding for the Portuguese energy transition startup.
This funding will support Bling Energy's expansion of its solar energy subscription service. Consequently, the company plans to reach an additional 3,000 residential customers. The expansion includes a total installation of 20 MW, comprising 11 MWp of solar and 9 MWh of storage.
Accelerating Renewable Energy Adoption
Bling Energy aims to make the energy transition more accessible and straightforward for Portuguese households. Furthermore, this partnership enhances Bling's capacity to meet increasing demand for cost-effective solar solutions. The company offers an 'as a service' solar energy subscription model.
The investment reinforces Bling Energy's role in Portugal's sustainable energy landscape.
The Portuguese market for renewable energy solutions continues to grow, with companies like Bling Energy driving adoption. Additionally, other European startups, such as Solarock and Fuse Energy, also focus on expanding access to solar energy and broader energy solutions. This Bling Energy funding further strengthens the company's position in the evolving sector, alongside efforts in energy storage.
