What Granular Energy does

Granular Energy is a Paris-headquartered software provider, incorporated as Granular Energy SAS, specializing in clean energy certificate management and hourly matching solutions. The company's core platform processes hourly metering and generation data at scale across multiple markets and registries, enabling utilities to match renewable energy consumption with generation on an hourly basis and to automate allocation of Energy Attribute Certificates (EACs) — including RECs, I-RECs, GOs, and REGOs — to end-consumers. The platform also automates third-party verified portfolio- and consumer-level reporting, including Scope 2 emissions calculations, and offers a rules-engine for green-offer portfolio management. In June 2022 Granular launched the world's first market for hourly energy certificates in partnership with NordPool, with Elexon providing verification support, and in July 2025 the company completed the first-ever Shaped EAC transaction with TotalEnergies Gas & Power and Shroders Greencoat.

The company operates a Shaped EAC Marketplace as a dedicated venue for trading EACs enhanced with hourly or sub-hourly production data plus the contractual rights to that "shape," enabling precise energy matching aligned with the Climate Group 24/7 Coalition Technical Criteria. Additional proprietary offerings include a published storage methodology that allows battery storage assets to improve hourly matching scores, and a publicly accessible Hourly Matching Tariff Directory listing 42+ supplier offerings. Granular holds SOC 2 Type II and ISO 27001 certifications, is a certified B Corporation, and is an EnergyTag-accredited granular certificate issuer.

Revenue is generated primarily through enterprise SaaS subscriptions sold to energy utilities, suppliers, and traders via direct sales and demo-led engagement, supplemented by transaction-related activity on the Shaped EAC Marketplace. Distribution combines direct enterprise sales with a utility partner channel — utilities such as Good Energy, TotalEnergies, SmartestEnergy, A2A, SSE, Ecotricity, LichtBlick, PPC, ESB, Electric Ireland, and JERA Cross embed the platform and resell hourly matching and traceable supply products to their B2B customers. The company employs approximately 25 people across 10 nationalities in 8 countries under a remote-first model, with registered offices in Paris and a London regional presence. As of the input data, Granular's platform is used by over 30 utilities across more than 10 countries and manages over 70 TWh of clean energy volume, including the world's largest hourly matching programs. The company has raised approximately €8.5 million in total funding (a €7.5M seed round led by Norrsken VC in October 2023, plus a €1M corporate investment from JERA Group in October 2024).

Name

Granular Energy

Legal name

Granular Energy SAS

Website

https://granular-energy.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Granular Energy is a Paris-based software provider that helps energy utilities, suppliers, traders, and large energy buyers manage Energy Attribute Certificates and trade hourly-matched renewable energy across more than 30 utilities in over 10 countries.

Ownership category

akta.pro rank

Product category

Clean Energy Management Software

NAICS

Utilities (22), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Unbundled Renewable Attributes Trading (Standalone EACs) (EUAGAFAF)

akta.pro secondary industry

Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards) (EUABAEAJ)

Keywords

• Clean energy software
• Energy certificate management
• Hourly energy matching
• Renewable energy trading
• Carbon-free energy platform

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Platform/SaaS Subscription: Granular Energy provides software as a service to energy utilities, suppliers, and traders for managing Energy Attribute Certificates. The platform is used by over 30 utilities across 10 countries, suggesting a subscription-based B2B SaaS model where energy companies pay for access to the certificate management platform.
2. Marketplace Transactions: Facilitates trading of Shaped EACs through their marketplace platform, enabling counterparties to connect for precise energy matching. The company works with many of the world's largest energy companies to facilitate Shaped EAC transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Granular Energy provides a software platform for managing and trading Energy Attribute Certificates (EACs) including RECs, I-RECs, GOs, and REGOs, with a core focus on hourly matching of renewable energy consumption and generation. The platform enables energy utilities, suppliers, traders, and large corporate buyers to automate certificate allocation, streamline registry interactions, produce Scope 2 emissions reports, and trade Shaped EACs (EACs enhanced with hourly production data) through a dedicated marketplace. It is used by over 30 utilities across 10 countries to manage more than 70 TWh of clean energy, supporting next-generation 24/7 carbon-free energy programs.

Product overview

Granular Energy offers a software platform consisting of a core EAC Management Platform and a Shaped EAC Marketplace. The EAC Management Platform serves as the unified environment for managing compliance and voluntary Energy Attribute Certificates (RECs, I-RECs, GOs, REGOs), automating portfolio management and allocations, providing customer-facing transparent reporting, and enabling next-generation green offers at various granularity levels. The Shaped EAC Marketplace is a dedicated venue for trading Shaped Energy Attribute Certificates—EACs enhanced with hourly production data and contractual rights to the production shape—enabling precise energy matching and premium clean energy procurement. Additional modules include a published Storage Methodology for using battery assets in hourly matching claims, an Hourly Matching Tariff Directory listing 42+ global supplier offerings, and direct registry integrations (G-REX for Ireland, Xpansiv Connect for multi-registry access). The platform is used by over 30 utilities across 10 countries and manages over 70 TWh of clean energy, including the world's largest 24/7 clean energy programs.

Differentiator

Problem solved

Functional benefit

Products and services

• EAC Management Platform End-to-end certificate management platform enabling utilities, energy retailers, brokers, and large energy buyers to manage, track, and trade clean energy at annual, monthly, daily, or sub-hourly granularity. Automates certificate allocation to end-consumers, streamlines registry interactions, produces Scope 2 emissions reports, and supports next-generation carbon-free energy programs.
• Shaped EAC Marketplace The world's first dedicated marketplace for Shaped Energy Attribute Certificates that include relevant hourly or sub-hourly production data with the contractual right for buyers to claim the benefit of the proportional shape of production data. Enables precise energy matching and advanced clean energy procurement compliant with Climate Group's 24/7 Coalition Technical Criteria.
• Hourly Matching (24/7 Carbon-Free Energy) Service Hourly-level matching service that aligns renewable electricity generation and consumption within each hour, providing a percentage matching score indicating how much of consumption was covered by carbon-free generation on an hourly basis. Reduces Scope 2 emissions meaningfully and creates price signals for storage and dispatchable clean technologies.
• Hourly Matching Tariff Directory

Quantifiable outcome

• 42 times more emissions reductions than annual matching
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Renewable ExchangecoreTechnology or Integration · 24 June 2026Integration bringing hourly traceability to PPA contracts on Renewable Exchange platform. Generation data and REGO information from contracted assets flows directly into Granular Energy's platform for hourly matching and auditable certificates.
• Climate Group 24/7 CFE Solutions AcceleratorcoreStrategic or Co-development Partner · 5 May 2026Joined Climate Group's 24/7 Carbon-Free Coalition Solutions Accelerator alongside ACT Group, ENGIE, and Suzlon. Supports Coalition members in moving from ambition to action on hourly clean energy matching through quarterly workshops and peer-to-peer learning.
• XpansivcoreTechnology or Integration · 28 April 2026Partnership to unlock registry-integrated, granular energy matching. Integrates Granular Energy platform with Xpansiv Connect multi-registry hub, enabling customers to manage hourly accounting and EAC portfolios from major certificate registries in one place.
• Electric IrelandcoreStrategic or Co-development Partner · 7 April 2026Partnership to implement certificate management platform for Guarantees of Origin (GOs) in Irish market. Provides Electric Ireland with unified workflow from forecast analysis to customer reporting, with direct integration to G-REX Irish registry.
• LichtBlickcoreStrategic or Co-development Partner · 14 January 2026Long-term partnership with Germany's biggest supplier offering only renewable electricity. Allows LichtBlick to expand offering for business customers to include complete hourly-accurate transparency regarding origin and quality of green electricity consumed.
• BaringacoreStrategic or Co-development Partner · 8 January 2026Co-authored State of Hourly Matching report published January 2026. Surveyed 75 electricity suppliers worldwide on availability and development of hourly matching tariffs.
• FieldminorStrategic or Co-development Partner · 27 May 2025Storage operator partnership for using battery storage in hourly matching claims. Agreement covers hundreds of MW of storage capacity to enable energy suppliers and consumers to increase hourly matching scores.
• JERA Group / JERA CrosscoreStrategic or Co-development Partner · 10 October 2024JERA Group invested approximately €1 million in Granular Energy. JERA Cross, a subsidiary, is piloting hourly renewable energy data management solutions in Japan. Partnership aims to enable Japanese businesses to track energy use and match power generation with consumption every hour.
• South PoleminorStrategic or Co-development Partner · 1 January 2024Partnership where Granular Energy's certificate management software strengthens how South Pole monitors and manages Energy Attributes Certificates across global markets, helping reduce delivery risk and streamline trading workflows.
• NordPoolcoreStrategic or Co-development Partner · 14 June 2022Launched world's first market for hourly energy certificates in partnership with NordPool, the European power exchange. Partnership supported by Elexon for verification and trading of renewable energy on an hourly basis.
• TotalEnergies Gas & PowercoreStrategic or Co-development PartnerCompleted first-ever Shaped EAC transaction with TotalEnergies Gas & Power and Shroders Greencoat, demonstrating the viability of shaped certificates as a tradeable instrument.
• Shroders GreencoatcoreStrategic or Co-development PartnerJointly completed first-ever Shaped EAC transaction with TotalEnergies Gas & Power, demonstrating new tradeable instrument for deep decarbonisation.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cleartrace: Cleartrace provides a carbon and energy accounting platform that tracks EACs, RECs, and other environmental commodities for utilities and large energy buyers. It is a direct competitor to Granular Energy in the EAC management and reporting space, particularly for North American utility customers.
• WattCarbon: WattCarbon operates a clean energy marketplace and emissions tracking platform focused on hourly and sub-hourly matching of clean energy consumption and generation. It competes directly with Granular Energy's hourly matching and Shaped EAC marketplace, particularly for commercial building and distributed energy use cases.
• FlexiDAO: FlexiDAO was an early 24/7 carbon-free energy matching platform enabling DLT-based hourly renewable energy tracking. It pioneered the 24/7 CFE concept that Granular Energy now also serves, making it a direct peer in hourly matching methodology and standards.
• Patch: Patch provides an API-first platform for purchasing carbon credits and increasingly clean energy attributes, including hourly-matched products. It competes with Granular Energy in enabling corporates to procure and manage high-integrity environmental claims with developer-friendly tooling.
• Cloverly: Cloverly offers a carbon credits and clean energy marketplace platform serving enterprise buyers, with capabilities in renewable energy certificate management. It is a direct peer in the carbon/clean energy commerce layer, though focused more on offsets and less on EAC registry management.
• ACT Group: ACT Group is a major carbon asset developer and trader offering high-integrity carbon credits and increasingly EAC management services. It is a peer in the clean energy certificates value chain and is also a fellow member of the Climate Group 24/7 CFE Solutions Accelerator alongside Granular Energy.

Broad incumbents

• 3Degrees: 3Degrees is an established renewable energy and carbon markets services provider offering RECs, PPAs, and carbon offsets to large corporates and utilities. It is a broad incumbent with overlapping EAC trading and advisory capabilities, competing with Granular Energy for utility and corporate procurement budgets at larger scale.
• Watershed: Watershed is a leading enterprise carbon accounting platform that includes Scope 2 reporting and EAC management functionality. It is a broad incumbent in carbon/energy disclosure competing with Granular Energy's reporting and Scope 2 modules, particularly for large North American corporates.
• Persefoni: Persefoni provides a carbon accounting and management platform used by large enterprises for Scope 1, 2, and 3 emissions, with capabilities spanning EAC and energy attribute management. It is a broad incumbent in climate disclosure software, adjacent to Granular Energy's reporting and Scope 2 features.

Others

• Xpansiv: Xpansiv operates a global environmental commodities exchange and registry integration hub (Xpansiv Connect) covering 17 registries. It is a current partner/integrator of Granular Energy rather than a direct competitor, providing the registry infrastructure layer beneath Granular's allocation and matching platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Granular_Energy?
• LinkedInlinkedin.com/company/granular-energy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds5 records

Investors10 records

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

M&A

Investments

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

Frequently asked questions about Granular Energy