ABN AMRO finances Quatt’s with €10 million
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Marieke Ziedses des Plantes
Sr Press Officer Corporate Banking, WM, Personal & BB
ABN AMRO is providing €10 million in financing to Quatt, a manufacturer of smart home energy products. This transaction underscores ABN AMRO’s commitment to driving the energy transition in the Netherlands by supporting entrepreneurs who use technology to make household energy consumption cleaner, smarter and more affordable.
Accelerating impact in the built environment
The built environment plays a crucial role in achieving the energy transition. By financing heat pumps, home batteries and energy management software, ABN AMRO can help alleviate grid congestion issues. The financing for Quatt aligns with ABN AMRO’s broader approach: contributing to European transitions by supporting innovative scale-ups that can roll out proven technologies at scale. “As a bank, we want to stimulate the energy transition,” says Jean Paul Roelofs, Corporate Lender – Digital & Consumer, ABN AMRO. “Quatt is a great example of how integrated solutions for heating, cooling and energy storage can enhance comfort and reduce costs. With this financing, we are helping to accelerate deployment and deliver direct value to the Dutch housing market, offering households another tangible option.”
Integrated ecosystem for smart energy use
Quatt is responding to the rapidly growing demand for sustainable heating and cooling solutions with an integrated portfolio. Last year, the company expanded its hybrid heat pump system with All Electric (fully electric heating) and Chill (patented air-conditioning technology via existing radiators). In addition, Quatt entered the market for energy contracts and home batteries, powered by its own energy management system, EnergyOS. Together, these innovations form an end-to-end ecosystem that optimises heating, cooling and storage in real time. “We are proud that ABN AMRO is financing us,” says Marijn Flipse, CEO and co-founder of Quatt. “In five years, we have built a leading position in heat pumps. This financing enables us to achieve a similar position in home batteries while maintaining scale in heat pumps.”
Faster delivery, smarter control
The financing increases Quatt’s working capital, allowing the company to maintain larger and better-planned inventories and deliver faster in a market where demand continues to grow. The investment also supports further development of hardware and software, including heat pumps, battery systems and EnergyOS.