Driving Accuracy in Energy Markets

Dexter Energy, a leader in AI-powered forecasting and optimization for the energy sector, has secured $26.95 million (€25 million) in a Series C funding round. The round was led by ETF Partners, alongside Newion, and PDENH.

Founded in 2017 in Amsterdam by Luuk Veeken, Dexter Energy has a clear mission: help energy companies transition more efficiently to a renewable future. By leveraging cutting-edge machine learning models, the company delivers highly accurate short-term forecasts that help balance energy portfolios, reduce operational costs, and significantly lower carbon emissions.

The Renewable Balancing Act

The global shift toward wind and solar energy is accelerating, but this transition brings new challenges. Renewable sources are inherently variable and difficult to predict. Sudden weather changes can create massive swings in supply, putting grid stability and profitability at risk.

Dexter Energy solves this by providing advanced forecasting software that can accurately predict both energy production and consumption. Armed with these insights, energy providers make smarter, faster decisions about trading, balancing, and asset utilization - crucial advantages as energy markets become increasingly volatile.

AI at the Heart of Optimization

Dexter Energy’s platform blends AI, data science, and weather modeling to generate precise, granular forecasts. Real-time optimization tools then help automate trading and operational decisions, enabling companies to minimize risks and maximize revenue.

The results speak for themselves: Dexter’s clients consistently report lower balancing costs, improved trading profits, and smaller carbon footprints. As dynamic pricing models and grid flexibility become standard, such precision and automation shift from nice-to-have to mission-critical.

The deeper opportunity for founders lies in how Dexter Energy approaches these problems. Instead of waiting for users to articulate explicit complaints about balancing inefficiencies, Dexter anticipated the pain points energy operators had learned to accept as permanent. By addressing silent friction - costs and delays everyone assumed were unavoidable - the company didn’t just build a better tool; it offered a fundamentally new way of operating.

This teaches a crucial lesson: the most transformative products often arise from solving pain that users have normalized. When you remove these invisible barriers, your solution doesn’t feel like an add-on. It feels like the obvious path forward. Adoption flows naturally because it unlocks efficiency and clarity that people didn’t even realize was possible.

Scaling Up with Series B

With this $26.95 million injection, Dexter Energy will accelerate product development, expand its engineering team, and grow across new European markets. The company plans to push the boundaries of its AI forecasting models and introduce capabilities tailored to local grid requirements and hybrid renewable portfolios.

Additionally, deeper integration with market trading platforms and new predictive analytics for battery storage and flexible assets are high on Dexter’s roadmap. These features will further enhance the ability of clients to respond quickly to market signals, improving both sustainability and profitability.

Strengthening the Green Transition

Beyond individual operational improvements, Dexter Energy contributes directly to Europe’s ambitious climate and energy goals. By enabling precise forecasting, it reduces reliance on fossil fuel backups and minimizes waste, accelerating the shift to renewables.

At a system level, Dexter’s work makes grids more resilient and flexible, helping society adapt to a low-carbon future. Energy operators can rely on data-backed decisions instead of intuition, reducing both risk and environmental impact.

Why Timing Matters

As the energy sector faces unprecedented pressure to decarbonize, companies need robust solutions that don’t just promise theoretical benefits but deliver immediate, measurable impact. Dexter Energy meets this moment by providing tools that transform complex data into actionable decisions - simplifying the transition to renewables without compromising on economic performance.

By solving challenges energy companies had long accepted as "just the cost of doing business," Dexter Energy proves that the strongest market adoption often comes from transforming silent pain into seamless progress. The lesson for all founders is simple but profound: when you design for unspoken needs, your product becomes more than a service - it becomes an essential part of the user's success story.

The Road Ahead

Looking forward, Dexter Energy aims to expand aggressively and continue refining its AI technology to stay ahead of market needs. The company’s vision extends from energy trading to managing the entire renewable energy lifecycle, including generation, storage, and consumption optimization.

As energy markets continue to evolve and adopt dynamic solutions, Dexter Energy’s ability to combine foresight with operational simplicity positions it as a defining force in the new energy era. With this Series B funding, Dexter isn’t just scaling a business - it’s shaping the future of green energy.