# SnerpaPower secures €3.4 million for industrial energy software

_Wednesday, August 19, 2026 at 5:07 AM EDT · Capital · Latest · Tier 2 — Notable_

![SnerpaPower secures €3.4 million for industrial energy software — Primary](https://www.eu-startups.com/wp-content/uploads/2026/08/Untitled-design-2026-08-19T143325.571.jpg)

Reykjavik-based SnerpaPower secured €3.4 million to expand its energy-management software for power-intensive industries in Europe. The financing includes a €3 million seed investment led by Encevo, continued participation by Crowberry Capital and BackingMinds, and a €0.4 million technology-development grant. The company says its platform connects operations with electricity contracts and markets in real time, and that it is deployed at about 15 Nordic industrial sites managing more than 10 TWh of annual consumption.

## Sources

- [EU-Startups](https://www.eu-startups.com/2026/08/reykjaviks-snerpapower-secures-e3-4-million-to-help-power-intensive-industries-turn-electricity-into-a-competitive-advantage/)

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Retrieved: 2026-08-19T12:31:50.989Z
Publisher: Tech & Business (techandbusiness.org)