Reel secures €5 million to expand corporate PPA business

Reel, a spinoff of the Technical University of Denmark (DTU), has raised €5 million ($5.4 million) of seed capital to enhance its products and expand internationally. It is offering customized fixed price contracts to businesses based on solar and wind power purchase agreements (PPAs).Denmark's Reel, a spinoff of DTU, has closed a €5 million seed round led by UK-based Transition, an early-stage venture capital firm. The company develops software and services to be able to offer the commercial and industrial (C&I) market customized electricity contracts that are linked to solar and wind farm power ...

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