Portuguese solar energy startup Bling Energy has secured €15 million in funding from BlueCrow Capital to expand its subscription-based solar service to more Portuguese homes, EU-Startups reports.
The investment marks a significant step in Bling Energy’s mission to make the energy transition more accessible and affordable for households across Portugal.
Founded with a focus on sustainability and cost savings, Bling Energy offers a turnkey solar energy solution that requires no upfront cost for customers. The company’s subscription model enables residential users to benefit from solar power while lowering their electricity bills without the barriers of traditional installation expenses.
With the new investment, Lisbon-based Bling Energy plans to grow its customer base by an additional 3,000 residential users.
This expansion will include the installation of 20 megawatts (MW) of capacity, split between 11 MWp of solar panels and 9 megawatt-hours (MWh) of battery storage. The combination aims to provide a more reliable and efficient energy supply, supporting Portugal’s broader goals for renewable energy adoption.
Bernardo Fernandez, founder and CEO of Bling Energy, described the partnership as “much more than capital,” highlighting the shared vision to scale the company while maintaining a focus on “an accessible, intelligent energy transition with no entry barriers for consumers.”
This funding round reflects a growing trend in Portugal’s clean energy sector, where innovative startups leverage flexible service models to accelerate the shift away from fossil fuels.
Bling Energy’s approach of combining solar generation with energy storage and subscription services aims to simplify the adoption process for consumers hesitant about upfront investments.
BlueCrow Capital’s partner António Mello Campello expressed confidence in Bling’s business model and team, calling the partnership “aligned with our purpose of supporting businesses with impact and long-term vision.”
As Bling Energy moves into this new growth phase, it reflects ongoing growth in Portugal’s renewable energy market. According to national grid operator Redes Energeticas Nacionais (REN), renewable energy sources met 77% of the country’s electricity demand during the first half of 2025.
Featured image: Bernardo Fernandez, founder and CEO of Bling Energy (Photo courtesy of Bling Energy/LinkedIn)
Portugal Startup News 