Dutch climate tech firm Dexter Energy raises 23 million euros
WHY IT'S IMPORTANT:
The investment reflects the growing reliance on AI technologies to navigate Europe's volatile renewable energy markets and accelerate the clean energy transition.
KEY QUOTES:
"We're excited to welcome Klima and Mirova aboard. They share our belief that AI is now essential infrastructure for an electricity grid increasingly powered by renewables and storage," said Luuk Veeken, CEO and founder of Dexter Energy.
BY THE NUMBERS:
Dexter Energy's AI-backed trading solutions can increase wholesale market revenues by up to 30% for renewable energy producers, the company said.
Its latest funding round was led by financial services firm Alantra. Other investment firms involved in the funding included France's Mirova, ETF Partners and Newion.
WHAT'S NEXT:
Dexter plans to expand its services in the Netherlands and other European markets.
The company was founded in 2017, and it uses AI technology and data for trading on power markets. It says its underlying price forecasting models draw from more than 12 external sources, including weather models and market data.
($1 = 0.8490 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
15 minutes ago
- The Sun
Rachel Reeves tax grab for woke training & mobiles for migrants makes my teeth itch… here's what Govt SHOULD be doing
AS I'm sure you know, you are taxed on the money you earn. And you must pay more taxes every time you buy anything or go anywhere or fill your car up with fuel or buy a pint or get your hair cut or go on an aeroplane. 5 And if by some miracle you manage to die with a few savings in the bank, they even tax your kids on those. It's your money. You earned it. You paid tax on it. And then they tax it again. It makes my teeth itch. However, for many years, you have been able to pass money on to your children, tax free, providing you live for seven years after the gift is made. But now we are hearing they're even going to tax you on that. Yup. You want to help your kids get on the property ladder. Well you can't because that infernal woman, Rachel Reeves, has decided that it'd be better if you gave your money to her instead. I seriously doubt that. Let me give you an example of the problem. Near to where I live, the local council — which gets a quarter of its cash from the Government — decided to spend £51million on a new park and ride facility next to the busy A40. It was completed last year and it's very snazzy with 850 spaces, charging points for electrical cars, and attractive spaces where commuters can shelter from the rain. Lovely. Apart from one small thing: It's not connected to the road network. Seriously, there's no way anyone can access it, so it's sitting there now, a gigantic blot on the landscape and it cannot be used for parking or riding because neither a bus, nor a car can get into it. Raising taxes will kill off growth, Reeves warned as she pledges to rip up business red tape So they have taken 51million of your pounds. And wasted them. And they are doing that sort of thing, every day, across the whole country. And now Rachel Reeves is saying she needs your money more than your children do so that she can waste it on other stupid stuff like diversity training, and pronoun days and treats for illegal immigrants, all of the net zero nonsense. I don't think Reeves is an unpleasant person. But I do think that she and Starmer and Rayner and Lammy are a bit thick. Lammy especially. 5 5 He can't even go fishing without getting into trouble. That's why they can't get it into their heads that taking our hard-earned money and wasting it is seriously annoying. And it's even more annoying when they want yet more money so they can waste that too. It's really not that difficult to get your head round what needs to be done. Don't raise taxes. Just spend less. A TURN OFF TO DRIVING ONE of my oldest friends lost his driving licence recently, having been caught speeding four times in the last three years. He sounds reckless, until I tell you that the speeds involved were 25, 26, 31 and 35. And this ridiculous attitude to people breaking idiotic 20mph limits is just the tip of the anti-car iceberg. It's now virtually impossible to get a driving test, and if by some miracle you do eventually get a licence, you won't want to buy a car because it bongs at you if you drive too quickly or stray out of lane or take your eyes off the road. I drove a Toyota recently which had a bonging paddy fit and flashed up a message saying, 'Sit up straight'. What's next? 'Clean your teeth'? So cars are annoying, you can't drive them at more than walking speed and now comes news that the drink-drive limit is being lowered to a point where you can't pop to the shops in your motor if you've had so much as a sherry trifle. Plus, unless you can see the bracelet Neil Armstrong left on the moon, your eyes aren't good enough, so you'll have to use the bus instead. Naturally, we are told this is all to save the NHS from the cost of patching up the victims of car accidents. But that's rubbish. It's the drive for net zero. They are making driving so difficult, no one will want to do it. Welcome to stadium of hate, Sophie 5 I WAS astonished to hear this week that after posting pictures of herself at an Oasis gig, the Game Of Thrones actress Sophie Turner was slammed by a follower who said she must have forgotten she's a mother. Really? So people with children aren't allowed to go out ever? Honestly, I'm beginning to realise that the world was a much nicer place when strangers weren't able to talk to each other. Social media is like a gigantic football stadium . . . where the rival fans can sit where they like. There's going to be trouble. And there is. LEONARDO DICAPRIO tells us that although he's 50, he feels 32. Yeah, but watch out, mate. I was 19 my whole life. Until I got to 65, when all of a sudden, I became 109. NO PET FOOD A ZOO in Denmark has found itself in a spot of bother after asking local people to donate their pet guinea pigs and rabbits. So they can be fed to the big cats . . . We even read this week of a little girl who donated her poorly pony. Which was turned by the zoo keepers into a lion's lunch. I should explain at this point that the animals are not being eaten alive. They are 'gently' killed before being turned into food. But I can see why everyone's getting their knickers in a twist. Because like you, I can't understand why you'd look at your little hamster whizzing round in his wheel and think, 'You know what. I'd like to feed that to a leopard.' You may say this is hypocrisy as I now spend my days farming. But I have a simple rule on the matter. I never eat anything that had a name. DEAD END ON NAME THE boy wonder Kaleb Cooper, who manages my farm, received word this week that his wife was in labour. 'Right,', he said. 'I'll be there when I've finished harvesting this field.' 5 How farmerish is that?!?! Happily, he finished in time to welcome what for him is baby number three, and then our thoughts turned to a name. One of our mates suggested it should be named after the field he was harvesting when the call came through. Nice idea, except for one small detail. The field was called 'Deadman'. Despite the interruption, we did get the harvest finished. And thanks to the drought we've had this year, it was dismal. Seriously, you could fit all the grain we ended up with in a Hoover bag. And this, after the appalling wet weather of last year, which resulted in the country's second- worst harvest on record. A lot of farmers are going to be in a proper financial mess as a result. But at least we have a government which has their back. No, wait . . .
BreakingNews.ie
2 hours ago
- BreakingNews.ie
Dublin City Council refuse planning retention to 10 apartment Airbnb operator
Dublin City Council has refused planning retention to a significant Airbnb operator close to Dublin Castle and Temple Bar to continue offering its apartments for short-term letting to tourists. Dublin Castle Suites advertises its 10 apartments on the Airbnb platform and can earn up to €350 per night per apartment on busy weekends. Advertisement The owner of the apartments facing onto Parliament Street and Dame Street would earn only a fraction of its current rental income if the apartments are to be rented for long-term letting only. A question mark has now been put over the lucrative enterprise following the City Council's decision to refuse planning retention to allow the apartments to continue to be used for short-term letting. Applicants, Olympia Real Estate Limited, now have the option of appealing the decision to An Coimisiún Pleanála, which may reverse the council's planning refusal. However, in its decision, the city council pointed out that there is a general presumption in the Dublin City Council Development Plan against the provision of dedicated short-term tourist rental accommodation in the city due to the impact on the availability of housing stock. Advertisement In refusing planning permission, the Council stated that Olympia Real Estate Ltd has not provided a sufficient justification for the provision of short-lease apartments at this location. The Council found that the proposal to continue the apartments for short-term letting 'would create an undesirable precedent for similar type development and would devalue property in the vicinity'. The planners concluded that the proposed retention of short-term residential use is not compatible with the architectural character, historic fabric and special interests of the protected structure. The Council planning report which recommended a refusal concluded that the continued use of the apartments for tourist accommodation 'would result in existing residential stock being lost to the residential housing system, meaning less long-term and secure accommodation will be available to the growing number of families and people who need it'. Advertisement Olympia Real Estate Limited lodged the planning application after the Council issued it with a Warning Letter over the use of the apartments for short-term letting. Planning consultants for the applicants, Cunnane Stratton Reynolds (CSR) state that 'enabling housing as short-term let accommodation in this instance redirects such demand away from mainstream housing'. The consultants state that 'the proposed tourism accommodation will assist in the attractiveness of the area for tourists and will promote a continued busy and vibrant city centre'. CSR states that its client's ability to acoustically meet the standards of normal accommodation is not available, given the protected status of the subject premises. Advertisement They state, 'in a period of substantial housing crisis these units cannot remain vacant'. Objecting to the planned retention, Fiachra Brennan of Oakcourt Park, Dublin 20 and who works on Parliament Street, said that 'these are high-quality urban apartments which should be available on the long-term rental market'. He said: 'The applicant has pointed to issues with regards to soundproofing and insulation – this should not preclude the use of the property for its intended purpose. He added: 'I work on Parliament Street – it is a vibrant area with a range of commercial and hospitality businesses but is also an important urban, residential city neighbourhood. This status should be protected.'
Reuters
2 hours ago
- Reuters
Russian energy export disruptions since start of Ukraine war
Aug 15 (Reuters) - When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia's energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is how sanctions have impacted Russian energy exports since the start of the conflict. Russia was the top supplier of natural gas to Europe before the war. Most gas travelled through four pipeline routes: Nord Stream running under the Baltic Sea, the Yamal line crossing Poland, transit via Ukraine, and the Turkstream line. Europe also imports Russian liquefied natural gas (LNG). In 2021, total Russian gas imports to the EU totalled 150 billion cubic metres (bcm) per year, or 45% of its total imports, and have fallen to 52 bcm or 19% since, according to the European Commission. While the EU has not imposed sanctions on Russian pipeline gas imports, contract disputes and damage to Nord Stream caused by an explosion, have cut supplies. As part of a fresh round of sanctions announced in July, the European Union has now banned transactions including any provision of goods or services related to Nord Stream, which albeit damaged could be revived as a gas supply route. Transit via Ukraine ended at the end of 2024, leaving just Turkstream as a functioning route for Russian pipeline gas to Europe. The European Commission has also proposed a legally binding ban on EU imports of Russian gas and LNG by the end of 2027, but this has not been passed into legislation yet. The U.S. in 2024 imposed sanctions on companies supporting the development of Russia's Arctic LNG 2 project, which would become Russia's largest plant with an eventual output of 19.8 million metric tons per year. The U.S., UK, and EU all prohibited the import of seaborne crude oil and refined petroleum products from Russia during the first year of the war in Ukraine. In addition to the embargoes, the G7 group of countries (including the US, UK, and EU) imposed a price cap on Russian seaborne crude oil for third countries at $60 per barrel in December 2022, and a cap on fuels the following February. The EU and UK altered the crude price cap level in June 2025 to $47.60, or 15% below the average market price, but the U.S. did not back the move. The price cap aims to reduce Russia's revenues from oil sales by prohibiting shipping, insurance and reinsurance companies from handling tankers carrying crude traded above the cap level. Western powers have also imposed sanctions on more than 440 tankers belonging to the so-called shadow fleet that transports sanctioned oil outside of Western services and the price cap. Russia's leading shipper Sovcomflot is also under sanctions in the West. The U.S. has also sanctioned major Russian oil companies including Gazprom Neft ( opens new tab and Surgutneftegaz ( opens new tab. The measures banning Russian oil imports in the west and restricting Russian oil trade elsewhere have redirected Russian oil flows towards Asia, with China, India, and Turkey emerging as the major buyers for Russian crude. The price cap was meant to keep Russian oil flowing to prevent a spike in global oil prices which would have followed a halt or severe drop in Russian exports. Trump has, however, signalled a change in policy in recent weeks by threatening to impose secondary sanctions on India and China for buying Russian oil to put pressure on Putin to agree to a ceasefire in Ukraine. The European Union banned imports of Russian coal in 2022, seeing volumes drop from 50 million metric tonnes in 2021 to zero by 2023, according to data from Eurostat.
