Entrix is an energy-technology company that runs grid-scale batteries like a quantitative trading operation, using AI to extract maximum value from energy storage across Europe's increasingly volatile power markets. Founded in 2021 and headquartered in Munich, Germany, Entrix was started by CEO Steffen Schülzchen, a veteran of McKinsey's energy practice, with an operating team drawn from energy-software companies. The thesis is simple but powerful: as renewables make electricity prices swing more wildly, the batteries that can buy low and sell high become enormously valuable, but only if they are dispatched with sophistication far beyond simple rules.
The platform handles the full commercial lifecycle of a battery asset: trading, operations, and market participation. Its AI engine continuously forecasts prices and decides how to charge and discharge across day-ahead, intraday, and ancillary-service markets such as frequency containment reserve (FCR) and automatic frequency restoration reserve (aFRR). Entrix reports executing on the order of 30,000 trades per day, a cadence impossible for human traders and a direct expression of its automation-first approach. By co-optimizing across multiple revenue streams in real time, it aims to beat the returns owners could achieve through conventional management.
Entrix offers asset owners and project developers long-term revenue security alongside grid-supportive operation, helping batteries earn more while also providing flexibility that supports grid stability and renewable integration. The company manages roughly 3 GW (8.5 GWh) of contracted storage capacity across more than 70 assets in markets including Germany, Poland, Italy, Spain, and Portugal, making it one of Europe's larger independent battery optimizers.
Entrix raised a €43 million round led by energy specialists Junction Growth Investors and Korys, with participation from BNP Paribas via its Solar Impulse Venture Fund, Allianz, AENU, Enpal, Abacon, and Arvantis Group. The funding supports geographic expansion and continued development of its trading AI as Europe's battery fleet grows rapidly. As storage becomes central to the energy transition, Entrix positions itself as the intelligent commercial brain that turns batteries into reliably profitable, grid-friendly assets.