Climate tech startup Electricity Maps announced today that it has raised €5 million (USD$5.4 million), with proceeds aimed at supporting the expansion of its solutions to map global electricity grids and support data-driven decarbonization of the energy sector.

Founded in 2016, Copenhagen-based Electricity Maps provides companies with data quantifying the carbon intensity and origin of electricity, helping users understand and reduce the carbon footprint of their electricity usage. The company’s solutions can be used to help companies disclose the carbon footprint of their electricity usage on a granular level, and to plan energy usage for times when more green electricity is available on the grid, particularly as more renewable energy sources are added to the grid, providing lower carbon, but more intermittent energy.

According to Electricity Map, the solutions are used by companies including Google to adjust the time and location of its datacenter energy usage, and by Samsung in its SmartThings Energy app.

Electricity Map’s platform currently provides access to data on carbon emissions and electricity sources covering 230 regions, including the U.S., Europe, Australia, and large parts of South America and Asia. According to the company, the new capital will support its continued growth, including by expanding its data platform by mapping grids globally in more detail, and extending its app and API to include more relevant signals.

Electricity Maps Founder and CEO Olivier Corradi said:

“This additional financing round will enable us to finally scale and start living out our global potential.”

The funding round was led by early-stage climate-focused venture investors Transition and Revent.

Henrik Grosse Hokamp, Partner at Revent, said:

“We see Electricity Maps as a crucial bridge between supply and demand dynamics in a rapidly shifting energy landscape. Their product’s ability to seamlessly integrate with a diverse suite of key decarbonization processes, from EV charging to renewable energy certification, gives them enormous potential to become a systemic linchpin in the green transition.”