BM2Solar, a pioneering leader in the hybridization of photovoltaic plants through the integration of storage solutions, announces a significant milestone with its €2 million Series A funding round. The investment, led by Axon Partners Group with the participation of Inclimo Climate Fund and Black and Blue Investimentos, reinforces confidence in BM2Solar’s innovative approach to improving the profitability of solar assets for independent power producers (IPPs). This funding round builds on the initial €750,000 investment in 2024 from Mota Engil, MCA, and Black and Blue Investimentos.
BM2Solar’s strategy focuses on the hybridization of photovoltaic plants with batteries, targeting independent power producers (IPPs), streamlining permitting processes, and optimizing scalability. Thanks to AI-based processes, BM2Solar dynamically identifies the most profitable energy markets in real time, ensuring optimal returns for investors and enhancing the value proposition for IPPs. The company has already developed several battery storage projects, with an advanced pipeline of 60 MW of capacity, and plans to unlock over €100 million in battery investments in the coming year.
"With this capital injection, BM2Solar plans to expand its team and strengthen its infrastructure, enhancing support for our clients’ assets," said Susana Quintana Plaza, CEO of BM2Solar. "We appreciate the dedication of the people who make up our team, the commitment of our partners, and the vision of our investors for their strong support as we embark on this new phase of growth. The best is yet to come."
Addressing the energy transition and concerns over recent blackouts
It is well known that the recent blackout on the Iberian Peninsula was not caused by renewable energies; on the contrary, these energies are set to play a crucial role in preventing such events in the future. The company urgently advocates for the adoption of distributed battery solutions to improve grid stability and flexibility, as highlighted in the recent State bulletin, which calls for removing barriers that hinder the deployment of advanced technologies, increasing the competitiveness and profitability of renewables, and helping create a cheaper, more robust, zero-emission power system that is independent of fossil fuel imports. This is especially relevant given the current situation and the planned addition of new photovoltaic plants outlined in the PNIEC for the coming years.
The company also calls for simplified permitting processes and flexible financing options to accelerate the implementation of battery solutions alongside the existing renewable energy infrastructure.
"Renewable energy is not just a solution; it is an imperative to modernize our energy grid, ensure Iberia’s economic and industrial competitiveness, and make Spain’s power system more robust and independent from fossil fuel imports," added Susana Quintana Plaza. "We must overcome outdated practices and adopt innovative solutions that unlock the full potential of renewable energies for the benefit of our communities and industries."
About BM2Solar
BM2Solar specializes in improving the performance of solar power plants for independent power producers (IPPs) through the hybridization of photovoltaic plants with integrated battery solutions. Its AI-based platform optimizes energy operations across renewable photovoltaic generation and storage assets, maximizing returns in diverse energy markets. By managing financing, engineering, construction, and operations, BM2Solar accelerates entry into new markets to improve IPP profitability, generating new revenues through greater energy optimization. For more information, visit www.BM2Solar.com.
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