Equilibrium Energy builds EQ Mission Control™, a flagship software platform that unifies fragmented data and systems for power companies, independent power producers, and corporations. The platform uses a unified enterprise data model and code frameworks to enable real-time insights, granular forecasting, and dynamic decision-making support. Agentic AI and embedded AI copilots are integral to the product, intended to multiply expert capacity, speed, and strategic synthesis. EQ Mission Control™ is already applied to use cases including battery energy storage and renewables optimization to maximize performance and profitability. The company plans to deepen the platform, expand commercial offerings, and scale its reach to serve more customers. Equilibrium positions itself as a market leader in managing large, diverse, and dynamic energy portfolios. Equilibrium Energy combines AI, power‑systems fundamentals, and modern software to manage grid‑scale batteries and orchestrate network‑wide optimization of flexible resources. The company operates battery tolls and has signed offtake tolls with Ormat for two 60 MW / 120 MWh ERCOT projects and a 40 MW / 40 MWh operating battery in California, giving it 260 MW / 380 MWh of contracted tolls across ERCOT and CAISO. Equilibrium reports a 6 GW and growing battery tolling pipeline and began operating its first grid‑scale battery in Texas in 2023. In 2024 it earned more revenue per MW than any other similarly sized grid‑scale 1‑hour battery in Texas, a performance the company attributes to its software, machine‑learning techniques, and grid modeling. The company is expanding into the California market and aims to support developer and corporate partners’ deployment and sustainability goals while growing its commercial businesses. Equilibrium was founded in 2021 and is based in San Francisco. Equilibrium Energy combines deep energy expertise and technology to build a Climate Generation power company focused on accelerating society’s transition to clean energy. Its core commercial product is tolling agreements for grid-scale battery developers, offered in partnership with Hatch Renewables, which provide contractual offtake to help projects secure financing. The company describes its tolling offering as a “PPA-for-batteries.” Equilibrium operates a power volatility‑centric technology platform that leverages AI and power‑grid fundamentals to optimize battery operation in increasingly volatile markets. It recently began operating a 100 MW West Texas battery under a tolling agreement with Jupiter Power. The firm emerged from stealth with $33M in venture funding to support commercialization and deployment efforts.

Total raised

$100M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2025