Allianz backs Entrix

Munich-based Entrix has raised €43 million from Junction Growth Investors and Korys, alongside BNP Paribas’ Solar Impulse Venture Fund, Allianz , AENU, Enpal, Abacon, and Arvantis Group, to support its next phase of growth across Europe.

Founded in 2021, the battery optimization company has grown from managing one of Germany’s early large-scale storage projects to overseeing more than 70 battery systems across five markets: Germany, Poland, Italy, Spain, and Portugal. Its portfolio now totals 3 GW / 8.5 GWh of contracted capacity, equivalent to the peak electricity demand of around three million households.

Entrix operates across a range of models, including standalone storage, solar-plus-battery, virtual power plants, and both merchant and fixed revenue structures, positioning flexibility as a core component of the energy system.

“The scale of projects entrusted to us reflects a structural shift in the energy system: flexibility has become critical infrastructure. Our role is to translate technical performance into stable, risk-adjusted revenues for investors while strengthening grid resilience and enabling renewable integration at scale. This milestone underscores the long-term partnerships and operational depth we have built across Europe.” – Steffen Schülzchen, founder and CEO of Entrix.