Icecreek Energy
- Company typePrivate
- Founded2024
- HeadquartersDe Pere, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Icecreek Energy firmographics
Firmographics- Name
- Icecreek Energy
- Legal name
- Icecreek Energy
- Website
- https://icecreekenergy.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Icecreek Energy industry classification
Industry- Product category
- Renewable Energy Infrastructure Investment
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS EPC, Integration & Commissioning (EUAFAAAB), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG)
Keywords
Where Icecreek Energy is headquartered
LocationHeadquarters
- HQ city
- De Pere
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Icecreek Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Investment Fund Management: Operates investment funds (Icecreek Energy I, II, III) that develop and operate grid-scale battery storage projects. Revenue generated through fund management fees and returns to investors from battery storage asset operations providing grid stabilization and load shifting services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Icecreek Energy I - Mid-market BESS Germany |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Icecreek Energy product offering
Product offeringCore offering
Icecreek Energy develops, constructs, and operates grid-scale battery energy storage system (BESS) projects across Europe and packages these assets into investment funds for institutional and mid-market investors. Its three funds—Icecreek Energy I (Germany), Icecreek Energy II (Finland), and Icecreek Energy III (Finland high-voltage)—provide grid stabilization, load shifting, and renewable integration services while targeting attractive investor returns (13%+ targeted equity IRR for Fund I).
Product overview
Icecreek Energy is a sustainable energy investment company that develops, constructs, and operates grid-scale battery power plants across Europe. The company operates three distinct investment funds: Icecreek Energy I (a portfolio of 2 mid-market BESS projects in Germany with 16.6MW/35.6MWh capacity), Icecreek Energy II (an asset pool of 5 medium voltage BESS projects in Finland), and Icecreek Energy III (a large-scale, high-voltage BESS project in Finland). These funds target different market segments from mid-market to large-scale projects, providing grid stabilization, load shifting, and flexibility services to support renewable energy integration.
Differentiator
Problem solved
Functional benefit
Brands
- Icecreek Energy I: Initial asset pool with 2 mid-market BESS projects in Germany totaling 16.6MW / 35.6 MWh, providing grid stabilization and load shifting services.
- Icecreek Energy II
- Icecreek Energy III
Products and services
- Icecreek Energy I Investment fund comprising a portfolio of 2 mid-market grid-scale battery energy storage system (BESS) projects in Germany, totaling 16.6 MW / 35.6 MWh, providing grid stabilization and load shifting services. Targeted grid access is Q4 2025 / Q4 2026 and the fund targets a 13%+ equity IRR for investors. The fund follows a risk management strategy combining a geographically diverse portfolio with a merchant-based route to the German market.
- Icecreek Energy II Investment fund comprising an asset pool of 5 medium voltage grid-scale BESS projects in Finland, targeting attractive returns while contributing to renewable energy integration in a grid that is 90% de-carbonized. The fund builds on the experience of Icecreek Energy I with a larger mid-market asset pool.
- Icecreek Energy III Investment fund targeting a large-scale, high-voltage grid-scale BESS project in Finland, leveraging the experience and infrastructure of its predecessors. The fund aims to deliver attractive investor returns while accelerating the transition to sustainable energy through advanced battery technology and robust energy infrastructure.
Quantifiable outcome
- Targeted equity IRR of 13%+ for Icecreek Energy I investors
- +1 more outcomes
Companies that use Icecreek Energy
Customer profileSegments1 record
Ideal customer profiles1 record
Icecreek Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Icecreek Energy partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights4 records
Icecreek Energy competitors and assessment
Company assessmentDirect peers
- TagEnergy: Independent power producer developing large-scale BESS and wind projects across Europe, often in partnership with institutional investors — comparable in developer/IPP role targeting European grid flexibility markets.
- Low Carbon: UK-based renewable energy developer with growing European BESS portfolio, structuring investments through institutional capital — directly comparable fund-developer model to Icecreek.
- Harmony Energy: European BESS developer and fund manager running multi-hundred MW pipelines across UK, Germany, and other European markets, structured through institutional investment funds — directly comparable to Icecreek's developer/fund-manager model.
- Eelpower: Pure-play European grid-scale BESS developer focused on flexibility and ancillary services, similar to Icecreek's merchant-route-to-market strategy in Germany and Finland.
- Belectric (Iqony): European BESS EPC and developer (now part of Iqony/Hivve), with operating utility-scale battery projects in Germany — directly comparable in BESS EPC, integration, and project development to Icecreek's scope.
Broad incumbents
- Encavis: European solar and storage IPP operating across multiple EU markets including Germany; expanding into BESS as a complement to its renewable generation portfolio — overlapping geographies and customer base with Icecreek.
- RWE: Major European utility with rapidly expanding grid-scale BESS portfolio in Germany and broader EU, including merchant and contracted storage — a scaled competitor with overlapping geography to Icecreek's German assets.
- E.ON: German-headquartered utility with significant grid-scale BESS investments across Germany and broader Europe — a deep-pocketed incumbent in Icecreek's primary market.
- Vattenfall: Swedish state-owned utility actively developing BESS across Nordics and Germany, including Finland-adjacent markets — a major incumbent competing for grid connections and project sites in Icecreek's target geographies.
Regional players
- Statkraft: Norwegian state-owned renewable energy generator actively developing BESS in Nordics, including Finland-adjacent markets — comparable to Icecreek's Finland Fund II/III focus but anchored in Nordic hydro flexibility.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Icecreek Energy social profiles
Digital presenceIcecreek Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Icecreek Energy leadership team
Management profileNumber of profiles
Profiles2 records
Icecreek Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Icecreek Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Icecreek Energy
What does Icecreek Energy do?
Icecreek Energy develops, constructs, and operates grid-scale battery energy storage system (BESS) projects across Europe and packages these assets into investment funds for institutional and mid-market investors. Its three funds—Icecreek Energy I (Germany), Icecreek Energy II (Finland), and Icecreek Energy III (Finland high-voltage)—provide grid stabilization, load shifting, and renewable integration services while targeting attractive investor returns (13%+ targeted equity IRR for Fund I).
Is Icecreek Energy a public or private company?
Icecreek Energy is a private company. It is classified as unknown and is currently operating.
When was Icecreek Energy founded?
Icecreek Energy was founded in 2024. It employs 1 to 10 people.
Where is Icecreek Energy based?
Icecreek Energy is headquartered in De Pere, United States, in the North America region.
How does Icecreek Energy make money?
One revenue line is on record: investment Fund Management.
Who are Icecreek Energy's main competitors?
Direct peers on record are TagEnergy, Low Carbon, Harmony Energy, Eelpower and Belectric (Iqony). Broad incumbents are Encavis, RWE, E.ON and Vattenfall. Statkraft is listed as a regional player.
Does Icecreek Energy have an API?
No public API is recorded for Icecreek Energy.
What industry is Icecreek Energy in?
Icecreek Energy's product category is Renewable Energy Infrastructure Investment. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAI, BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties). Its NAICS code is 2211 and its SIC code is 4900.