Condor Energy

Energy OS enabling reliable, cheap and sustainable electricity supply.

Winter 2026ActiveIndustrialsEnergyB2BEnergy

Company

https://www.condor.energy

Condor helps large electricity consumers - C&I and data centers - cut electricity costs by helping the grid. We are former electricity traders and energy systems experts building our AI-powered software. Our clients use Condor to control their electricity costs, to steer their consumption based on reliable forecasts and to conduct profitable investments.

Verdict

High Signal

Market Opportunity

Large C&I electricity consumers and data centers face enormous and growing energy cost exposure — electricity procurement is a multi-trillion dollar market globally. Data center energy spend alone is projected to reach $100B+ annually. The ICP is well-defined (industrials, retailers, data centers) and the monetization path — SaaS for energy cost optimization — is clear and has proven comps. Energy volatility in Europe makes this acutely relevant right now.

Medium Signal

Founder Signal

Florian Pérocheau (CPO) is the strongest founder — nearly 2 years as Power Markets Engineer at Voltalis optimizing Europe's largest VPP (1M+ devices), plus 2.5 years as quant analyst at BDL Capital managing a EUR ~150M hedge fund, and holds an EPEX SPOT Trader certification. Clément Grivel (CTO) is a fresh École Polytechnique grad (Aug 2025) with only internship experience (UCL researcher, Withings). Jean Costa de Beauregard (CEO) is HEC Paris with Chief of Staff roles at PropHero and Karmen — no engineering background and no energy-specific experience. Florian's domain expertise is real and relevant; the CEO and CTO are junior.

Medium Signal

Competition

No competitor data was returned in research, but the space has established players: Kraken (Octopus Energy tech arm), AutoGrid, Enel X, and European-focused energy management platforms like Voltaware and Envizi (IBM). The hedging/procurement angle targeting C&I is somewhat differentiated from pure demand-response or sustainability reporting tools, but this is not a moat-heavy space and enterprise energy management software is crowded. Florian's Voltalis background gives domain credibility.

Medium Signal

Product

Live product at app.condor.energy with a functional-looking dashboard showing consumption tracking, hedging book management, and CAPEX screening with detailed metrics (IRR, DSCR, NPV). The website shows substantive feature descriptions and a mock customer 'André-Marie Ampère / ACME Energy' — but no named real customer logos, no revenue metrics, and no testimonials. Solid demo-ware but no proof of paying customers.

OverallB Tier

Condor has a credible domain expert in Florian (real power trading + VPP experience at Voltalis, quant background) building in a massive and urgent market — European industrial energy costs are a genuine pain point. The product UI looks substantive with hedging book management and CAPEX screening, suggesting real thought has gone into workflow. However, the CEO has no energy industry experience (Chief of Staff at a proptech startup) and the CTO is a recent grad with only internships — the team has execution risk outside of Florian's domain. No press, no named customers, and no revenue signals visible. This is a strong domain idea with a credible CPO but needs to prove it can close enterprise deals.

Active Founders

Jean Costa de Beauregard

Founder

CEO of Condor Energy - building the energy OS for next-gen electricity supply.

Clément Grivel

Founder

CTO @ Condor Energy (building the energy intelligence platform for large consumers)

Florian Pérocheau

Founder

CPO @ Condor Energy (YC W26). Currently building software to redefine how enterprises consume and procure electricity. Former equity quant and power trader.

Condor Energy

TierB Tier

BatchWinter 2026

Team Size3

StatusActive

Last Updated4 days ago

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