We're finally ready to announce our successful Series B fundraise! ?? ?? ?? We closed our $39M in January led by DCVC. We're thrilled to welcome DCVC climate partner Rachel Slaybaugh to the Equilibrium board. We're also excited to welcome Valo Ventures as a new investor and to have existing anchor investor Breakthrough Energy also participate in the round. We're now set to tackle the next phase our EQ's growth! We are also thrilled to announce a host of exciting new business updates, including our entry into California, our market-leading battery optimization performance in Texas, our expanded and growing battery tolling business (380MWh and growing), and an exceptional group of new executives who have recently joined to help Equilibrium grow to new heights. Check out our full press release: https://lnkd.in/gR3n8Pb4
Vipul Devluk
5 个月
Rachel Slaybaugh so great to see you lead this investment and get on the board - congrats! It's a great team at equilibrium; congrats,?Colin Schofield, CFA?Christen Blum Gregory Hall!! I hope this unlocks more sweet LC lines to get more merchant storage online outside ERCOT (cough, MISO, cough).
Preston O.
4 个月
Equilibrium Energy and Gridmatic optimize renewable energy management but with different strategies. Equilibrium Energy focuses on grid modeling and analytics to enhance battery storage performance and grid stability, achieving leading revenue outcomes in markets like ERCOT. Gridmatic uses AI algorithms for energy supply and price forecasting, offering predictability and unique solutions like 24/7 carbon-free energy matching for businesses, improving returns for energy assets. Both excel in profitability and risk management, but Equilibrium emphasizes system modeling while Gridmatic prioritizes AI-driven energy trading and tailored supply solutions. Gridmatic
Rob Palmer
5 个月
Congrats Jeff Woods
Chuck McCoy
3 个月
Congratulations on your successful Series B fundraise and all the exciting milestones!
Tobias Siegel
5 个月
Congratulations! Looking forward to working together.
Rachel Slaybaugh
5 个月
Woo hoo! So glad we can finally share all the amazing progress you all have been making.
Congrats Ryan and team! So much is written about AI driving energy demand and GHG emissions, but Equilibrium is demonstrating how AI is also part of the solution as we transition to carbon free energy sources, greater resilience and flexibility.