Enpal
Founded Year
2017Stage
Loan - V | AliveTotal Raised
$3.766BValuation
$0000Last Raised
$1.084B | 6 mos agoRevenue
$0000About Enpal
Enpal serves as a provider of solar energy solutions in the renewable energy sector. The company offers a complete package that includes solar panels, energy storage systems, heat pumps, electric vehicle charging stations, and energy management software. Enpal primarily serves the residential sector, offering both purchase and rental options for solar energy systems. It was founded in 2017 and is based in Berlin, Germany.
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Expert Collections containing Enpal
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Enpal is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Enpal Patents
Enpal has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/23/2023 | Application |
Application Date | 8/23/2023 |
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Latest Enpal News
Aug 23, 2024
Copied Key Takeaways Enpal exited FY2023 with a 118% annual increase in revenues and achieved positive operating cash flow Its DER installations grew to around 160,000 with the addition of over 100,000 new systems last year The management plans to focus on the sale and installation of heat pumps and Enpal.One in 2024 German rooftop solar installation company Enpal has reported achieving record revenues of €905 million for FY2023, representing a year-over-year (YoY) growth of 118%. Last year, it installed over 100,000 new distributed energy resources (DER), integrating these into its system, taking its total to around 160,000 DERs. The company also achieved a positive operating cash flow and an adjusted EBITDA of close to €21 million in the ‘politically turbulent year.’ It lists regulatory challenges, such as the debate on the German Buildings Energy Act, the controversial subsidy program for solar charging, and the decline in demand for solar installations, in the second half of the year as areas of concern. Enpal’s business model was traditionally based on renting out solar systems to residential consumers. The year 2023 saw this SoftBank-backed company introducing a purchase option for renters of solar systems. It also announced a flexible loan model called Enpal EasyFlex which it sees as making it easy and affordable for German homeowners to switch to renewable energy. In terms of heat pumps, Enpal commissioned 31,000 new PV systems and heat pumps, representing a growth of over 100% in portfolio growth, and an increase of 72% compared to the 18,000 new customers it added in 2022. “In 2024, we will continue our investment strategy, focusing on the sale and installation of heat pumps and our proprietary energy management platform, Enpal.One,” explained Enpal CFO Jochen Cassel. “In parallel, we are proactively addressing Germany's shortage of skilled workers with our recently launched Heat Pump Academy, thus continuing to invest in the overall robustness of our business model.” Earlier this year in February 2024, Enpal announced plans to venture into solar production and was looking at different locations in Germany and elsewhere in Europe (see
Enpal Frequently Asked Questions (FAQ)
When was Enpal founded?
Enpal was founded in 2017.
Where is Enpal's headquarters?
Enpal's headquarters is located at Koppenstrasse 8, Berlin.
What is Enpal's latest funding round?
Enpal's latest funding round is Loan - V.
How much did Enpal raise?
Enpal raised a total of $3.766B.
Who are the investors of Enpal?
Investors of Enpal include CPP Investments, Credit Agricole, Barclays Bank, Bank of America, BlackRock and 32 more.
Who are Enpal's competitors?
Competitors of Enpal include 1Komma5.
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