Funding
enexion GmbH, which has developed a strategic energy procurement system for use in liberalised European markets, has raised funding from HighTech Grunderfonds (HTGF).
“With enexion we are able to shape our energy procurement in a more flexible way” says Harald Dewinklo, general procurement manager of Otto Fuchs KG, one of enexion’s clients.
Enexion says its system enables users to make substantial, recurring cost savings in liberalised markets where there may be up to 50 per cent variation in prices. In addition, the usual procurement risks are reduced, ability to plan and transparency is improved and complying with the budget is no longer an issue.
“The HTGF investment puts us in a position to speed up the development of our Web based IT platform substantially. We will be able to achieve the European roll-out earlier than planned,” says Theo Parpan, enexion’s technology and finance MD.
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