Fever

Distributed Energy Management Softwarefever.energy

Fever Energy AB is a Stockholm-based powertech company that provides a white-label software platform and proprietary Gateway hardware enabling energy companies and utilities to connect, optimize, and trade distributed energy assets — batteries, solar, EV chargers, and meters — at scale across Europe.

Company typePrivate
Founded2022
HeadquartersStockholm, Sweden
Headcount11–50
GTM typeB2B
OfferingSoftware

What Fever does

Fever Energy AB is a Stockholm-based powertech company founded in 2021 that provides a software platform acting as an operating system for distributed energy management. The company sells to enterprise energy companies — utilities and energy service providers — under a white-label model, enabling those customers to connect, monitor, forecast, optimize, and trade heterogeneous distributed energy assets (batteries, solar PV, EV chargers, meters) under their own brand. The platform architecture is modular: a Core layer (REST APIs, a shared Data Model, Integrations, and an event-driven Orchestration engine), five functional Modules (Connect, Insight, Predict, Optimize, Trade), four role-based Interfaces (Console for operations, Field for installers/support, View for end customers, Charge for EV charging), and a proprietary Gateway hardware device that connects legacy assets lacking cloud connectivity. The Gateway ships by post, supports 100+ device types, and enables self-installation without an installer visit, materially expanding the addressable asset base for each customer.

Fever's go-to-market is sales-led and consultative, with demo-driven enterprise engagement and a quote-based pricing model. The company generates revenue primarily through platform software subscriptions to energy companies, supplemented by hardware sales of the Gateway. Named customers include Vattenfall (600,000+ households reached, 10,000+ assets, 600 MWh+ under management, 100 MW+ qualified for the balancing market), Varberg Energi (700+ BESS and 500+ PV sites onboarded, 3x homeowner revenue growth), Enequi (+30% monthly site growth, 99.9% uptime), Greenely (4,000+ EVs aggregated), and Flexecharge (500+ high-power charge points aggregated). AI/ML capabilities are focused on forecasting, anomaly detection, and portfolio optimization on telemetry data, with reported customer outcomes of +150% revenue versus the next-best optimizer in Sweden.

The company has raised approximately $21.7M across three rounds — a 2022 pre-seed led by La Famiglia with Norrsken VC, a 2024 seed of €10M led by General Catalyst with La Famiglia and Norrsken VC, and a 2025 round of ~$9.3M led by RTP Global. Use of funds is explicitly directed at expanding the virtual power plant platform across Europe from its current Swedish base. The company operates as Fever Energy AB under Swedish jurisdiction, with a team of 11-50 employees.

Fever firmographics

Firmographics

Name: Fever
Legal name: Fever Energy AB
Website: https://fever.energy
Company type: Private
Founded year: 2022
Operating status: Operating
Headcount range: 11–50 employees
Short description: Fever Energy AB is a Stockholm-based powertech company that provides a white-label software platform and proprietary Gateway hardware enabling energy companies and utilities to connect, optimize, and trade distributed energy assets — batteries, solar, EV chargers, and meters — at scale across Europe.
Ownership category
akta.pro rank

Fever industry classification

Industry

Product category: Distributed Energy Management Software
NAICS: Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Electric Power Transmission, Control, and Distribution (22112)
SIC: Services-Prepackaged Software (7372)
akta.pro primary industry: VPP Orchestration & Aggregator Operating Platforms (EUAFAKAC)
akta.pro secondary industries: DER Management Systems (DERMS) & Virtual Power Plants (VPP) (EUADAPAD), Customer Grid-Edge Enablement Services (HEMS/DR Device Integration, VPP Enablement) (EUAEANAL)

Keywords

Distributed energy software
Virtual power plant platform
Energy asset aggregation
Energy market optimization
EV charging management

Where Fever is headquartered

Location

Headquarters

HQ city: Stockholm
HQ country: Sweden
HQ region: Europe

Offices1 record

Markets served

Fever business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

Platform Software Subscription: Fever provides its distributed energy operating system to energy companies on a subscription basis. Energy companies (utilities, energy service providers) pay to license the platform to deploy under their own brand to their end customers (homeowners, businesses). The platform enables these companies to offer flexibility services, optimize energy assets, and participate in energy markets.
Hardware (Gateway): Fever sells its Gateway hardware device that enables connectivity for legacy assets without cloud connectivity. The gateway ships by post and enables self-installation by homeowners without requiring installer visits. White-label hardware with customer branding is available.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Fever product offering

Product offering

Core offering

Fever provides a modular software platform, marketed as the operating system for distributed energy, that enables energy companies to connect, orchestrate, optimize, and trade distributed energy assets such as batteries, solar PV, EV chargers, and meters. The platform is sold to utilities and energy service providers on a subscription basis and is deployed under their own brand to end customers, with a complementary Gateway hardware device for legacy assets lacking cloud connectivity.

Product overview

Fever is a modular platform-plus-modules architecture serving as the operating system for distributed energy. The platform consists of a Core layer (APIs, Data Model, Integrations, Orchestration) providing the shared foundation, overlaid by five Modules (Connect, Insight, Predict, Optimize, Trade) that deliver specific capabilities, and four Interfaces (Console, Field, View, Charge) for different user types. A complementary Gateway hardware device enables connectivity for legacy assets without cloud requirements. The architecture is designed to scale from individual sites to large portfolios without multiplying operational complexity.

Differentiator

Problem solved

Functional benefit

Products and services

Fever Platform A modular, white-label software operating system for distributed energy, sold on a subscription basis to utilities and energy service providers. It connects batteries, solar, EV chargers, and meters into a unified operational structure, enables forecasting and portfolio optimization, and supports market participation and commercial workflows. Designed for energy companies that want to launch and scale flexibility services and virtual power plant programs under their own brand.

Quantifiable outcome

600,000+ households participating through Fever-powered services
+7 more outcomes

Companies that use Fever

Customer profile

Named customers5 records

Segments3 records

Ideal customer profiles1 record

Fever technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature13 records

Fever partnerships and signals

Strategic signal

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Fever competitors and assessment

Company assessment

Emerging players

Stem Inc: US-listed AI-driven clean energy and DERMS provider that connects and optimizes distributed solar, storage and other assets for commercial/industrial customers and utilities. Comparable on AI-driven DER optimization and orchestration platform, though primarily US-focused.
Tibber: Norwegian digital energy retailer operating across the Nordics and Europe with smart home/energy management app, dynamic tariffs and EV charging integration. Adjacent to Fever in Nordic energy ecosystem and smart-home energy use case, but operates as a retailer rather than a B2B platform.

Direct peers

Enode: Norwegian-headquartered platform that connects and orchestrates distributed energy assets (EVs, batteries, heat pumps, solar) for utilities and energy companies via APIs. Direct comparable to Fever in target customer (European utilities), operating model (white-label DER orchestration), and EV aggregation use case.
GreenCom Networks: German white-label IoT energy management platform connecting distributed energy assets (solar, storage, heat pumps, EV chargers) for utilities. Highly comparable on white-label platform model, multi-asset DER connectivity, and European utility customer base.
GridBeyond: Irish-Dutch platform combining AI-based forecasting and DER orchestration for industrial, commercial and distributed energy assets, with a focus on European flexibility markets. Direct peer on AI-driven optimization, multi-asset DER orchestration, and utility/aggregator customer base.
Piclo: UK-based independent marketplace and matching platform connecting flexibility providers (DER operators, VPPs) with system operators and flexibility buyers. Comparable as a complementary layer in the European flexibility value chain where Fever's customers participate.
Sympower: Amsterdam-based flexibility provider and VPP operator aggregating industrial and commercial DERs to provide balancing and capacity services across European TSOs. Direct comparable to Fever on VPP/DER aggregation business model and European energy-company customer base.

Broad incumbents

Limejump (Shell): UK-based flexibility platform acquired by Shell that aggregates DERs to provide balancing, capacity and ancillary services to the GB market. Comparable on DER aggregation and market participation; broader incumbent under Shell's energy services umbrella.
Sonnen (Shell): German residential battery and VPP player now owned by Shell, providing home batteries, virtual power plant aggregation, and energy services across Europe. Comparable on residential battery aggregation and VPP; broader incumbent with vertically integrated hardware and energy services.
Octopus Energy: UK-headquartered renewable energy retailer with Kraken technology platform, smart tariff products, EV integration, and growing VPP/flexibility capabilities. Comparable on European energy customer base and flexibility/dispatch capabilities, but a much larger and vertically integrated incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Fever financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fever leadership team

Management profile

Number of profiles

Fever funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Fever M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fever

What does Fever do?

Is Fever a public or private company?

Fever is a private company. It is classified as venture growth investor backed and is currently operating.

When was Fever founded?

Fever was founded in 2022. It employs 11 to 50 people.

Where is Fever based?

Fever is headquartered in Stockholm, Sweden, in the Europe region.

How does Fever make money?

Two revenue lines are on record. Platform Software Subscription is the primary driver. The others are hardware (Gateway).

Who are Fever's main competitors?

Emerging players on record are Stem Inc and Tibber. Direct peers are Enode, GreenCom Networks, GridBeyond, Piclo and Sympower. Broad incumbents are Limejump (Shell), Sonnen (Shell) and Octopus Energy.

Does Fever have an API?

Yes. Fever's REST APIs expose operational data including telemetry, assets, sites, dispatch, flexibility, onboarding, customer participation, and site context. The APIs enable distributed energy integration into existing products, operational workflows, customer experiences, and internal systems. Supports authentication with permissions and role-based operational access, webhooks and event-driven integrations for operational automation. APIs designed for both cloud-connected and locally controlled assets.

What industry is Fever in?

Fever's product category is Distributed Energy Management Software. Its primary akta.pro industry code is EUAFAKAC, VPP Orchestration & Aggregator Operating Platforms, with a secondary code of EUADAPAD, DER Management Systems (DERMS) & Virtual Power Plants (VPP). Its NAICS code is 51821 and its SIC code is 7372.