VERBUND X Ventures led a funding round in Qurrent.

VERBUND X Ventures, a venture capital arm of Verbund, led a funding round in Qurrent, an AI-based sustainable power grid platform, with participation from Arkwright X. Financial terms were not disclosed. "With Qurrent, we are investing in a technology that not only makes the energy system more efficient, but also smarter. Their data-driven approach complements our strategy of leveraging digitalization and artificial intelligence as key elements for a sustainable energy future," Michael Strugl, VERBUND AG CEO.