Why We Invested in Ensol: Powering the Future of Decentralised Energy

Announcing our investment into Ensol’s €6m Seed round (+ €8m debt financing).

At Endgame Capital, we back climate solutions that even skeptics can't ignore. Our latest investment, Ensol, a French startup redefining residential energy, embodies that mission:

Help homeowners drive their energy bills to €0 while reducing over 60 million tons of CO₂e annually in France alone—more than 0.1% of global emissions.

If they succeed, they'll build not only a billion-dollar company, but a blueprint for energy independence at scale.

The Ensol Solution: Turning Homes into Energy Producers

Ensol is building an integrated platform to help households not just consume, but produce and optimize their own energy through three core innovations:

• Smart Solar Installations: Streamlined adoption of residential renewables, offering up to 40% immediate savings.

• Energy Management System (EMS): Optimizing household consumption, boosting savings to an average of 70%.

• Virtual Power Plants (VPPs): Enabling homeowners to sell excess energy back to the grid—making the dream of a €0 bill achievable..

Together, these solutions transform homes from passive consumers into active participants in the energy economy.

Why Ensol, Why Now?

The French residential energy market is at a critical tipping point.

The national grid requires over €100 billion in modernization. Yet, solar adoption remains strikingly low—only 3% of suitable homes, compared to 25–30% in Germany and the Netherlands.

The gap isn’t due to lack of demand. France boasts a large residential sector and a growing appetite for energy independence. The challenge lies in fragmentation: a highly fragmented installer network (7,000+ independent installers), complex adoption processes, and historic consumer distrust.

Ensol’s "one-stop-shop" approach streamlines the homeowner journey, and makes it easy for installers with financing, software, and operational support. They’re not just adding solar panels—they’re fixing the system.

By combining a proven model (seen with players like Enpal and 1KOMMA5° in Germany) with a deep understanding of French market dynamics, Ensol is poised to lead the transformation.

The Endgame: Scaling Climate Impact at Residential Level

Ensol fits squarely within Endgame Capital’s thesis: scalable, impactful, commercially compelling climate tech.

• Massive, Real-World Impact: By accelerating renewable energy adoption and smarter energy use, Ensol can solve a 60 MtCO₂e problem in France alone.

• Validated Model, Local Fit: Replicating proven playbooks (think Enpal), adapted for France’s unique market dynamics.

• Asset-Light, Rapid Scale: External installer network + proprietary software = fast growth without heavy CapEx.

• Team & Traction: €4M revenue in year one. 98% customer satisfaction. Led by top-tier operators from unicorns like Doctolib, Flink, Kayrros & co.

The Capital to Scale

Ensol’s €6M equity round—led by Breega with Waterlemon Ventures and key angels—and €8M in debt will supercharge customer acquisition, accelerate EMS and VPP development, and expand financing options for solar hardware.

With first-mover advantage, operational speed, and market timing, Ensol is poised to lead the decentralized energy revolution in France—and beyond.

At Endgame Capital, we are proud to partner with Ensol to accelerate the energy transition.

We envision a future where every home is an energy node. Where decentralised, digital energy networks outcompete legacy utilities. Where solar isn’t an upgrade—it’s the default.

Ensol is building that future in France, and soon, across Europe.

Learn more at goensol.com.