London’s tem lands €62.9M to transform energy payments
London-based scale-up tem has raised €62.9 million in fresh funding as it races to build what it describes as the “Stripe of energy”. The company is developing a digital infrastructure layer that streamlines how energy is priced, billed and settled across increasingly complex power markets.
Positioned between utilities, grid operators, electric vehicle (EV) networks and emerging flexibility services, tem offers an API-driven platform designed to handle high volumes of small, real-time energy transactions. As more households and businesses install solar panels, batteries and EV chargers, the number of micro-payments and data points in the system is exploding. Tem aims to simplify that complexity for both legacy players and new entrants.
Building the “Stripe of energy”
Inspired by the success of Stripe in online commerce, tem is building standardised payment rails for the power sector. Its software connects market participants, automates settlement and reduces the cost and friction of handling millions of distributed transactions, such as pay-per-charge EV sessions, peer-to-peer energy trades or dynamic time-of-use tariffs.
By abstracting away regulatory and technical complexity, the platform allows energy innovators to launch new products faster, while helping incumbents modernise legacy billing and data systems. This infrastructure is seen as critical for integrating more renewable energy and enabling demand response at scale.
Scaling across Europe’s energy markets
The new €62.9 million round will be used to expand tem’s engineering and commercial teams, deepen integrations with European energy markets and accelerate partnerships with utilities, retailers and technology providers. The company is headquartered in London but is targeting rapid growth across the EU, where regulatory reforms and the rise of decentralised generation are driving demand for flexible transaction platforms.
As grids become more digital and decentralised, investors increasingly view transaction infrastructure as a foundational layer for the next phase of the energy transition. With this funding, tem is positioning itself as a core enabler of that shift, providing the backbone for how clean energy is measured, valued and paid for in real time.