SYSO operates as a market operator for renewable energy and battery storage assets, offering forecasting, power market access, asset operation and optimization, trading, settlement, and virtual O&M. Since launching in 2019, the company has formed partnerships with asset managers, developers, integrators, and independent power producers. SYSO currently manages over 2.5 GWs of assets across ISO-NE, NYISO, PJM, MISO, ERCOT, CAISO and SPP. The company plans to expand its offerings into new markets and grow its gigawatts under management. The Series B financing will support scaling operations, enhancing product offerings, and driving improved operational and financial outcomes for developers and IPPs. Legal counsel on the transaction included Pierce Atwood for SYSO and Reitler Kailas & Rosenblatt LLP for Kimmeridge.

Total raised

$15M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2024