Ensol Secures €3M Funding Boost to Drive Affordable Household Solar Energy Adoption

Ensol, is set to revolutionize household solar energy with a €3 million funding injection from Otium Capital. Ensol specializes in tailored photovoltaic installations, guiding households in selecting optimal solar equipment for maximum return on investment.

The increasing appeal of solar self-supply, especially in light of soaring energy prices, is prompting a surge in interest. Ensol, leveraging falling photovoltaic equipment costs, empowers users to slash power bills, access cheaper electricity, and sell surplus energy.

The funding from Otium Capital positions Ensol to further simplify solar investments. The start-up aims to expedite France’s energy transition, aligning with European Union targets. The funds will facilitate accessibility through leasing schemes, cost-effectiveness via integrated production chains, and sustainability through decentralized Virtual Electric Hubs.

Ensol’s co-founder, Paul de Preville, notes, “This fundraising is a milestone for Ensol and the broader French solar equipment market.” He emphasizes the profitability and sustainability of solar investments, stating that making the switch more accessible is crucial for preserving household purchasing power and expediting France’s energy mix transition.

Pierre-Edouard Stérin, Otium Capital’s Founder, expresses pride in supporting Ensol’s pivotal role in the renewable energy sector’s growth amid environmental challenges. The investment aligns with Otium’s commitment to fostering energy transition.