// Workers AI · dad joke modeWhat did Elum Energy say? "You electrify me
 | |
| Type | Private |
|---|---|
| Industry | renewable energy |
| Founded | 2016 |
| Founders | Cyril Colin, Karim El Alami |
| Headquarters | , |
Number of employees | 91 |
| Website | https://elum-energy.com/ |
| Footnotes Total funding: $23.2 million (as of 2024) | |
Elum Energy is a French software company founded in 2016 in Paris. It makes controllers and SCADA software for solar hybrid power plants, installations that combine photovoltaic panels with battery storage, diesel generators or electric vehicle charging points. By 2025 the company had installed its systems in around 2,800 sites across 90 countries.[1]
History
[edit]Cyril Colin and Karim El Alami founded Elum Energy in Paris in 2016. Both had studied at École Polytechnique before going on to the University of California, Berkeley, where they worked on energy systems and watched California's grid shift toward intermittent renewables.[2] Their first installation went in at a factory in Tangier, Morocco.[2]
In 2017 the company took seed money from Kima Ventures[3] and Colin won the Jeune Ingénieur Créateur prize from the Fondation Norbert Ségard, a French engineering foundation.[4] Over the following years the company moved into Sub-Saharan Africa, Latin America and Asia-Pacific, reaching 1,000 commissioned projects by 2023.[5]
In September 2024, Elum Energy raised $13 million in a Series B round led by Energize Capital, a Chicago-based climate-tech fund, with follow-on from Alter Equity and Cota Capital.[6] The following July, the Île-de-France region invested a further €3.5 million through its Fonds Décarbonation, a €150 million vehicle co-financed by Bpifrance, EDF and Crédit Agricole.[1][7]
Products
[edit]The company's hardware line, ePowerControl, is a family of embedded controllers that regulate power flows between the components of a hybrid solar site in real time. Different versions cover grid-tied storage (ES), off-grid microgrids (MC), zero-export installations (ZE) and utility-scale power plant control (PPC). The controllers work with inverters and batteries from most major manufacturers, which PV Magazine described as a competitive advantage over proprietary systems.[8]
ePowerMonitor is a cloud SCADA for remote portfolio management. The technology was tested by laboratories at École Polytechnique and UC Berkeley and was the subject of a patent application.[4]
Funding
[edit]| Date | Round | Amount | Lead investor(s) |
|---|---|---|---|
| July 2017 | Seed | Undisclosed | Kima Ventures |
| Prior to 2024 | Intermediate rounds | Undisclosed | Alter Equity, Cota Capital, Greentech Innovation |
| September 2024 | Series B | $13M | Energize Capital |
| July 2025 | Growth | €3.5M | Fonds Île-de-France Décarbonation (Eiffel Investment Group) |
PitchBook put total cumulative funding at $23.2 million across 12 investors.[9]
References
[edit]- 1 2 "Solaire : Elum Energy, bénéficiaire du Fonds Île-de-France Décarbonation". Région Île-de-France. 11 September 2025. Retrieved 1 April 2026.
- 1 2 Rémy Nsabimana (1 June 2017). "Elum/Maroc : De l'électricité moins chère et ininterrompue". BBC Afrique.
- ↑ "L'IE-Club distingue deux cleantech très « connectées »". GreenUnivers. 23 February 2017.
- 1 2 "Cyril Colin — Jeune Ingénieur Créateur 2017". Fondation Norbert Ségard. 2017. Retrieved 1 April 2026.
- ↑ "About us". Elum Energy. Retrieved 1 April 2026.
- ↑ "Elum Energy Secures $13 Million in Series B Funding to Accelerate Growth and Innovation in Renewable Energy Management Worldwide". PR Newswire. 10 September 2024. Retrieved 1 April 2026.
- ↑ "Elum Energy lève 3,5 M€ auprès du fonds Île-de-France Décarbonation". PV Magazine France. 11 July 2025.
- ↑ Marie Beyer (30 May 2022). "L'acteur de la semaine : Elum Energy et les systèmes de contrôle pour optimiser les centrales hybrides". PV Magazine France.
- ↑ "Elum Energy — Company Profile". PitchBook. 2024. Retrieved 1 April 2026.