Spine raises $3m to build pioneering decision engine for renewable energy asset management

London, UK – 10 September 2026

Spine Energy Technology (Spine) is pleased to announce that it has successfully raised a $3m seed round to help accelerate the development and deployment of its pioneering technology platform.  The round was co-led by two UK-based family offices, with additional participation coming from existing investors.

Since Spine was founded in early 2025, the company has made big strides towards realising its ambitious business vision.  It has built an initial product and deployed it live with industry-leading renewable energy asset managers specialising in grid-scale battery energy storage systems (BESS), including companies like Constantine with its 3GWh portfolio.  Not only did these lead customer contracts help Spine grow its initial revenues, but more fundamentally they secured highly relevant user input from industry experts that informs Spine’s on-going investment in product development to make sure what the company is building is something really valuable, representing a whole new product category for this mega-sector.

Spine will use the funding to build out the core team with additional talented engineers to help deliver the ambitious product roadmap and lay foundations for further scaling of customer deployments.  Over the coming year, Spine’s commercial focus will be on-boarding more BESS assets with existing customers as part of accelerated roll-out programmes, as well as securing additional customers with growing asset portfolios and with substantial financing in place.  Spine’s technical focus will be to productise its prototype Decision Engine, preparing to deploy internationally with standardised product interfaces and a proven pattern established for ‘last mile’ connectors to local markets/actors.

Spine’s founder & CEO, Peter Bance comments:

“Securing this funding will enable us to grow our fantastic team and invest in our pioneering product.  We are becoming recognised as a trailblazer in our industry, so I am keen to capitalise on the momentum we are building.  Our aim is to become the outright category leader, redefining what data-driven asset management looks like."

With over $2Tr/yr being invested into the renewables energy industry, BESS deployments are booming and have become the fastest growing asset class globally.  Historically however, the owner-operators of these valuable infrastructure assets relied on a largely outsourced business model, ‘flying blind’ as they entrusted their returns to contracted vendors.  Now, as the industry increasingly shifts from passive fund management to active asset management, using powerful data-driven technology is the key to unlocking value - this is precisely what Spine is building.

Looking ahead, Spine plans to build on its industry leadership in its home market of the UK, as a stepping stone to deploying its technology internationally alongside the worldwide deployment of renewable energy assets.  By putting the power of data-driven decision making directly in the hands of its customers, Spine has the potential to become a category-defining tech company of global scale, enabling a seismic shift in the industry.

- ENDS -

Notes to Editors

About Spine Energy Technology (“Spine”)

• Founded in 2025, Spine is a B2B software company with its technology centre based in Cambridge (UK), one of the world’s leading innovation and venturing ecosystems.

• Spine’s cloud-hosted software platform is multi-tenanted and highly secure, offering individual customers a private data platform and capabilities to support the development of their own proprietary strategies, automated via Spine’s powerful Decision Engine. 

• With Spine, customers can configure their own guardrails for defining the operating envelope of assets and associated vendor actions, benefiting from the platform’s built-in audit trail that automatically captures a record of decisions made, actions taken, and results delivered.

• Building on an initial round of pre-seed funding in May 2025, Spine is establishing its product with industry-leading customers in the UK, ahead of international expansion.

Market Context

• The rapid build-out of renewable electricity infrastructure assets is transforming energy systems worldwide, with over $2Tr/yr being invested.

• Renewables are on track to displace fossil fuels as the dominant power generation source globally, but the inherent weather-related variability requires much more energy flexibility and dynamic control to balance the system in real-time.

• Battery Energy Storage Systems (BESS) are crucial for soaking up excess energy when it’s abundant and then discharging it at peak times when the grid is under most strain.

• The dramatic cost reduction of mass manufacturing batteries has enabled them to become the fastest growing asset class in the energy sector.

• Most asset management operations of grid-scale batteries are still outsourced to specialist contracted vendors, like: power traders / optimisers; service & maintenance companies; and equipment suppliers / system integrators.  However, the rise of powerful data-driven software & machine learning is set to transform this historically low-tech industry.

For more information, please visit: info@spineplatform.com or call +44(0)7944520262