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Nexus Labs

Denver, CO, United States

Overview

Nexus Labs is an education and community platform for the smart buildings technology space. The company was founded in 2019 and is based in Denver, Colorado.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • WattCarbon

    Participated · Seed · Jan 2023

    WattCarbon is a climate tech company offering a fully automated measurement-and-verification (M&V) platform for distributed energy resources. Its AI-powered Aristotle engine ingests utility, sub-meter, and device telemetry, applies statistically robust baselines, and delivers auditable savings and carbon-impact calculations in near real time. The company positions itself to be the authoritative “weights and measures” system for the energy transition. WattCarbon plans to use the seed extension proceeds to scale platform development, expand market presence, and advance open-source measurement methodologies through the OpenEAC Alliance. The recent financing was led by Cerulean Ventures with participation from City Light Capital, Tom O'Keefe, and existing investor True Ventures; the dollar amount was undisclosed. WattCarbon is headquartered in San Francisco, California. WattCarbon is a San Francisco–based clean energy platform led by CEO McGee Young that connects organizations to 24/7 carbon-free distributed energy resources. Its marketplace offers procurement options including renewable energy, demand response, and electrification projects. Participating suppliers include renewable developers, demand response aggregators, energy retailers, and electrification companies such as Pivot Energy, Leap Energy, Branch Energy, and Elephant Energy. WattCarbon operates Virtual Power Plants (VPPs) that allow energy consumers to offset usage on a time- and locational-basis from local renewable projects, demand response dispatch, and electrification projects. The company raised $4.5M in Seed funding and intends to use the proceeds to accelerate growth and expand operations. WattCarbon is developing a platform to measure carbon emissions from electricity consumption on an hourly, 24/7 basis. The product models energy use at granular levels by integrating smart meter or device data where available and merging it with real-time emissions data from 80 balancing authorities across the U.S. and Canada. It supports locational, market, and marginal temporal emissions tracking to reflect when and where electricity is generated and how procurement (including offsite PPAs) affects net emissions. The company positions its platform to help organizations meet emerging 24/7 Carbon-Free Energy procurement commitments beyond annual average Scope 2 reporting. WattCarbon plans to release the platform in early 2022. The company has secured funding with a $1.5 million pre-seed round to support launch and initial customer deployments.

Team

No current team members are available.