• Piclo

  Participated · Series B · Mar 2023

  Piclo develops software platforms that enable participation in energy flexibility markets, including Piclo Max (a market access platform for flex sellers) and Piclo Flex (a flexibility services marketplace for system operators). The company supports flex sellers such as EV and battery owners to access multiple electricity markets from one place. Piclo reported over 300,000 registered flexible assets representing 22 GW of registered flex capacity, with flexibility contracts awarded totalling £74M and more than 2.6 GW of flexible capacity procured. It currently operates across six global markets, supporting all six UK distribution system operators and the ESO, and working with networks in Ireland, Italy, Portugal, Australia and parts of the United States (New York State and Connecticut). Led by CEO James Johnston, Piclo plans to use the newly raised funds to expand further into additional areas of the United States and Australia. The announcement did not disclose the amount raised or the financing instruments. Piclo operates Piclo Flex, an independent marketplace for energy flexibility services that enables system operators (e.g., National Grid ESO and UK Power Networks) to source flexibility from providers such as EVs. The company supports business-as-usual flexibility procurement in six markets including the UK (UK Power Networks, SP Energy Networks, Electricity North West, National Grid ESO), Ireland (ESBN), Italy (E-Distribuzione), Portugal (E-REDES), Lithuania (Energijos Skirstymo Operatorius AB) and New York State in the United States. As of 2022 Piclo has over 55,000 flexibility assets registered, flexibility contracts awarded totalling more than £57m, 16.6 GW of flex capacity registered and 1.1 GW of flexible capacity procured. Founded in 2013 by James Johnston, Andy Kilner and Alice Tyler and based in London, Piclo plans to use the new funding to strengthen its position in the UK and Europe and to grow its international presence in the US and Asia-Pacific. The company focuses on enabling system operators to source energy flexibility during times of high demand or low supply via its marketplace.

• Recurve

  Participated · Series B · Aug 2022

  Recurve provides an open-source platform and revenue-grade data to create demand flexibility markets that enable virtual power plants, giving utilities and aggregators confidence to treat distributed energy resources as grid assets. The company integrates behind-the-meter demand flexibility resources into the emerging carbon-free energy grid and offers real-time transparency for measuring, deploying, and procuring energy efficiency. Recurve is accessible across the United States and is growing globally. It has partnered with MCE to create the first FLEXmarket, which connects aggregators to markets that pay for the grid value of projects, and in July 2022 launched PG&E’s Market Access program. The platform leverages smart-meter telemetry to optimize demand flexibility technologies. Recurve says it will use the new funding to accelerate the transition to clean energy by reducing stress on the grid during periods of high demand. Recurve offers a software suite and services aimed at home performance contractors to manage home energy auditing and retrofitting projects. Its tools help contractors more accurately and profitably run projects, meet government standards, and help homeowners lower energy bills. The company targets the home performance market with a focus on improving auditing and retrofit workflows. Recurve plans to use new capital to meet growing demand and speed distribution of its software suite across the industry. The article positions the company as a technology provider bridging contractors, standards, and homeowners through its software and services.

No current team members are available.