News Commentary | September 08, 2020
Myst AI came out of stealth mode to announce it had raised a $6 million Series A round from Valo Ventures and Gradient Ventures, bringing its total amount of raised capital to $8 million. Myst AI develops a platform to predict electricity supply and demand using time series forecasting. It claims it... Not part of subscription
News Commentary | May 18, 2021
ESS Inc., a developer of iron‑flow batteries, will partner with ACON S2 Acquisition Corp. to become a publicly listed company. Battery companies, like QuantumScape and Li‑Cycle, are joining the SPAC craze. This is one of the first startups in the long‑duration stationary storage space to go public. ... Not part of subscription
News Commentary | May 19, 2021
Activate Capital led this Series C round, with participation from NGP Energy Technology Partners, Prelude Ventures, and Ajax Strategies. This round brings Voltus' total amount of funding to more than $65 million. Voltus claims to have nearly 1.7 GW of distributed energy resources (DERs) under ... Not part of subscription
by Benjamin Torda
A leader in the C&I battery storage market is reportedly seeking a buyer after closing a $106 million Series D round in 2018 (total raised is over $200 million). Stem develops energy storage systems that use predictive analytics for demand charge management and are aggregated into virtual power plant (VPP) networks. While not pivoting as drastically into software-driven energy service (see competitor AMS), Stem has built up its software, partnered with equipment distributors (see its announcement with BayWa r.e.), and recently secured its first front-of-the-meter projects. Energy storage is increasingly crowded, with majors like EDF entering the game; clients should view Stem as having a critical head start and should consider engaging.
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