Digital twin platform Gradyent has secured €28 million Series B in an oversubscribed growth funding round, bringing the company's funding to over €39 million.
Netherlands-based Gradyent’s real-time Digital Twin Platform creates a digital copy of the entire heating and cooling grid, integrating geographical, weather, and sensor data with physics-based models and AI.
The platform enables energy providers to optimise their systems, increase operational control, and simulate future scenarios.
These systems become increasingly interconnected with multiple energy carriers including heating, cooling, electricity, and CO₂.
Due to the significantly higher complexity, traditional software is no longer sufficient to manage district and industrial heating grids. This increases the need for digital and data-driven solutions to improve efficiency, enable smarter decision-making, and ensure reliable energy delivery.
According to Hervé Huisman, CEO and co-founder of Gradyent:
“As heating and cooling grids become more integrated with other energy carriers, efficiently managing multiple energy sources is crucial.
Gradyent’s Digital Twin Platform optimises, decarbonises and transforms even the most complex sector-coupled energy systems.
By enabling companies to coordinate generation and distribution across carriers while making cost-optimal decisions, we drive greater flexibility—helping businesses navigate this transformation, reduce emissions, and enhance long-term efficiency.”
The company partners with leading energy companies in over 35 cities across Europe, including Veolia, Shell, Helen, and many more. Energy providers can use Gradyent’s technology to optimise performance, reduce CO₂ emissions by up to 10 per cent, lower operational costs, and save up to 20 per cent of capital expenditures.
Helen, one of Europe’s largest energy companies, is implementing Gradyent’s Digital Twin to optimise demand management, enhance efficiency, and reduce heat losses and CO2 emissions in real-time. The insights provided by the Digital Twin’s offline analysis helped Helen close one of its coal plants, reducing total CO₂ emissions from Helsinki’s heat production by up to 40 per cent.
Gradyent is also partnering with Veolia, one of Poland’s largest district heating operators, to build Digital Twins that optimise source and network operations in Łódź and Poznań. The solution integrates heat demand, weather forecasts, and electricity pricing to help dispatchers efficiently manage daily operations, supporting Veolia’s transition towards 4G district heating.
Similarly, Gradyent is driving transformation in industrial heating grids – partnering with Shell to pilot a Digital Twin of its steam grid at the Shell Energy and Chemicals Park in Rotterdam, supporting Shell’s commitment to reducing its scope 1 and 2 emissions to net zero by 2050.
Blue Earth Capital led the fund, which included SEB Greentech Venture Capital alongside continued support from Capricorn Partners, Eneco Ventures, Helen Ventures, and Energiiq-
“Gradyent has quickly established itself as a leader in optimising and transforming heating grids with its Digital Twin Platform, which helps reduce emissions and operational costs. These are important contributions to help drive the global energy transition toward flexible, integrated energy systems. This aligns perfectly with Blue Earth Capital’s commitment to supporting impactful, innovative solutions that can accelerate decarbonisation,” said Claude Kamga, Director, Private Equity at Blue Earth Capital.
Accordin to Mikko Huumo, Investment Manager at SEB Greentech Venture Capital, heating and cooling grids are decarbonising at record speed.
"Energy companies are replacing CO2-emitting heating units with diverse electrified assets, heat sources, and storage solutions, making optimisation more complex than ever before.
Gradyent’s Digital Twin Platform is perfectly timed and totally unique, taking advantage of volatile electricity prices to deliver affordable low-carbon heating to their customers.”
The funds will be used to expand Gradyent’s Digital Twin Platform, grow its team, and accelerate global growth to optimise and transform heating and cooling grids worldwide.
Lead image: Graydient's digital twin optimises even the most complex district heating systems end-to-end, displaying real-time insights in a clear, intuitive web application.
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