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Phelas, based in Munich, presents strong business potential with its focus on electricity storage systems that support solar and wind power utilization even when these resources are unavailable. By targeting businesses, Phelas addresses the issue of renewable energy intermittency, reducing reliance on traditional grid power and non-renewable sources. This approach minimizes carbon footprints and meets the growing demand for sustainable energy solutions. Backed by E44 Ventures, BNV Partners, and Axon Partners Group, Phelas is positioned to drive innovation and scalability in the renewable energy storage market. In a competitive landscape emphasizing sustainability, Phelas' focus on storing renewable energy makes it a key player in the clean energy transition.