Berlin, April 1, 2025 – Supplier Greenman Energy is officially launching its utility operations in Germany on the basis of the Lumenaza SaaS Platform, which enables the company to manage all key energy market processes, including dynamic electricity pricing and registration with grid operators. The cooperation with Lumenaza GmbH marks a major step in Greenman Energy’s strategy to deliver affordable, renewable power directly to retail assets, tenants, and the surrounding community.

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It’s first major customer on the German market is Greenman OPEN (OPEN), one of the country’s leading retail real estate funds. As a newly licensed utility Greenman Energy will begin supplying green photovoltaic (PV) electricity to Greenman OPEN’s 90 properties — primarily supermarkets — as well as to electric vehicle charging stations located on-site. Thanks to the large rooftop areas and high on-site energy demand, around 85% of the solar power generated is expected to be consumed directly at each location — supporting tenants, EV drivers, and the long-term decarbonization of Greenman OPEN’s portfolio.

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To realize it’s decarbonisation strategy in Germany, Greenman Energy has partnered with Lumenaza GmbH, which is providing the digital infrastructure and market expertise needed to operate a fully functional utility. As a white label partner, Greenman Energy uses the versatile SaaS platform for all aspects of flexible electricity supply and will be supplying tenants and consumers with dynamic electricity tariffs from April 1, 2025. Lumenaza GmbH handles all relevant market processes, including registering the individual locations with the distribution system operator. The rapid market launch within just four months of time will enable Greenman Energy to bring new, sustainable energy solutions to the market in the shortest possible time.

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Lumenaza GmbH and Greenman Energy also work closely together to aggregate the surplus electricity produced. Some of the PV systems have gone into aggregation via LUOX Energy, Lumenaza GmbH's own brand.  

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Maximilian Bley, Managing Director at Greenman Energy, draws a positive conclusion so far:

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“Partnering with Lumenaza gives Greenman Energy the tools and support we need to successfully launch operations. With their support, we can scale quickly and focus on delivering clean, reliable energy from day one.”

By optimizing the energy concept with PV, storage and dynamic electricity tariffs, tenants and consumers on site benefit from lower electricity costs. Greenman Energy's first implemented project for vertical farming provider Potager Farm, located within a Greenman OPEN property achieved an impressive 13.2% saving on energy costs. In general, it is expected that the charging infrastructure will also increase customer frequency at the supplied locations, which will further improve the economic situation for OPEN's tenants.

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By offering its own energy products, OPEN is diversifying its business portfolio and strengthening its strategic position in the market. At the same time, the PV system and charging infrastructure significantly increase the value of the realestate portfolio. According to their business plan, Greenman Energy will produce almost 30 GWh of electricity by 2027 and aims to invest 37 million Euro. All energy products supplied are 100% from renewable sources.

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About Greenman Energy

The Greenman Group is an established property and asset manager based in Ireland, specializing in food retail real estate. In Germany, the Group's own realestate fund Greenman Open currently manages around 90 properties with a total annual rental income of EUR 55.01 million, with 66% of this income coming from food retailers. The subsidiary Greenman Energy was founded in 2021 with the aim of ensuring a sustainable energy supply for the properties managed by the Group. It supplies EV users, general households, Greenman Open offices, commercial tenants and private customers.

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