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eFriends company logo
ENERGY & UTILITIES | Renewables
efriends.at

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Stage

Angel - II | Alive

Total Raised

$460K

Last Raised

$290K | 1 yr ago

About eFriends

eFriends is an eco-electricity provider that allows the direct exchange and trading of privately generated solar power and balances with hydropower, should the amount of electricity be insufficient.

eFriends Headquarter Location

Nappersdorf 51

Nappersdorf, 2023,

Austria

+43 2953 20102

Latest eFriends News

CMS Advises eFriends on Sale of 24% Stake to Raiffeisen Ware Austria

Oct 27, 2020

Details Share This CMS has advised green electricity provider eFriends on the sale of a 24% stake to RWA Raiffeisen Ware Austria. Financial terms were not disclosed. According to CMS, the transaction has been described as “forward-looking” in the energy sector, and the firm reported that it “provides important impulses to further promote the sustainable production and distribution of regional solar electricity in Austria.” The eFriends company enables “direct exchange and sale of solar power on a private basis,” reports CMS. “Users can share self-produced surplus solar power with other users in real-time. All that is required is the 'eFriends Energy Control,' which is simply installed in the distribution panel. With 500 participating households, eFriends is currently the largest (private) energy community in Austria.” CMS’s team included Partner Johannes Trenkwalder, Attorney Georg Gutfleisch, and Senior Associate Sanela Fuerstenberg. CMS did not reply to our inquiry on the matter.

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Expert Collections containing eFriends

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

eFriends is included in 3 Expert Collections, including Grid and Utility.

G

Grid and Utility

296 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids.

R

Renewable Energy

2,762 items

Includes companies working on technology to support renewable energy generation.

F

Fintech

4,625 items

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