Paces is a renewable energy data platform founded to advance climate-positive development by optimizing land use and addressing energy and climate challenges. The company offers software solutions that shorten complex siting and permitting processes and increase transparency. Its tools aim to accelerate construction of clean energy infrastructure by supporting faster decision-making. Paces provides services for renewable energy developers, industrial loads, and large-capacity grid connections. The platform’s goal is to ensure more projects successfully connect to the grid and meet future energy demand. Recently the company completed a financing round reported in the article. Paces is a data platform that aggregates opaque regulatory, zoning, and grid interconnection information to help green infrastructure projects be faster, more profitable, and location-optimized. The founders are Charles Bai (ex-Facebook AI engineer) and James McWalter (early Hello Vera employee and sales lead). Paces’ product provides deep due-diligence data and advanced analytics so users can quickly identify suitable sites instead of manually vetting parcels. The platform aims to increase approval success rates for developers and shorten interconnection and permitting timelines. The company also plans to surface which local actors are blocking projects to drive political and permitting transparency. Paces raised $1.9M to further develop its data and analytics capabilities to derisk green infrastructure development.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2024