Total amount raised
$100 Millions
Latest funding date
03/01/2025
Location
Equilibrium Energy has successfully raised $28 million in a Series B funding round, backed by investors GS Energy and NRG Energy. The company is focused on providing innovative solutions to manage power volatility and help companies achieve their sustainability and clean energy goals.
Keep reading to explore the intricacies of Equilibrium Energy's fundraising journey and the investors backing this innovative platform.
What Is Equilibrium Energy?
Equilibrium Energy, founded in 2021 by Ryan Hanley, is a Climate Generation power company based in San Francisco, California. The company operates in the commercial, energy, and power grid industries, focusing on clean energy solutions.
With a team of 101-250 employees, Equilibrium Energy aims to manage power volatility and help companies achieve sustainability goals. They operate across the end-to-end power value chain, offering innovative solutions for grid variability, market volatility, and economic optimization.
How Much Funding Has Equilibrium Energy Raised?
- Series A
- Amount Raised: $33M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial market entry and product development.
- Series B
- Amount Raised: $39M
- Date: December 2023
- Lead Investors: DCVC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support market entry into California, sign new battery tolls, and expand battery management performance in Texas.
- Series B2
- Amount Raised: $28M
- Date: March 2025
- Lead Investors: GS Energy, NRG Energy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To unlock the full potential in power portfolio management and launch the EQ Mission Control™ software platform.
Total Amount Raised: $100M. Current Valuation: Not publicly disclosed.
Key Investors
- GS Energy
- Details: GS Energy Corporation is the energy holding company of GS Group, a conglomerate based in South Korea. Their operations span across power generation & district heating, EV charging, power solutions, battery recycling, natural gas imports & LNG terminal, exploration & production, and refining & petrochemicals.
- Investment Focus Areas: Power generation & district heating, EV charging, power solutions, battery recycling, natural gas imports & LNG terminal, exploration & production, refining & petrochemicals.
- Notable Investments: Investments in power generation and district heating, EV charging infrastructure, battery recycling initiatives.
- NRG Energy
- Details: NRG Energy Inc. is a leading energy and home services company operating in the United States and Canada. It is a Fortune 500 company that delivers innovative solutions for a smarter, cleaner, and more connected future.
- Investment Focus Areas: Energy and home services, competitive energy markets, customer choice, innovative energy solutions.
- Notable Investments: Energy and home services solutions, competitive energy market initiatives, customer-centric energy solutions.
- DCVC
- Details: DCVC (Data Collective) is a venture capital firm that invests in entrepreneurs applying deep tech to transform giant industries. They focus on companies that leverage data science and engineering to solve complex problems.
- Investment Focus Areas: Deep tech, data science, engineering, healthcare, agriculture.
- Notable Investments: Planet Labs, Zymergen, Pivot Bio.
What's Next for Equilibrium Energy?
Equilibrium Energy stands at the cusp of a transformative era, driven by the launch of its EQ Mission Control™ platform. This innovative software leverages AI to provide real-time, dynamic co-optimization of enterprise profits and risks, unifying fragmented data systems and optimizing assets like battery energy storage and renewables. The potential for growth is immense, with opportunities to expand commercial offerings and scale to serve a broader customer base.
Future fundraising appears promising, bolstered by strategic partnerships with GS Energy and NRG Energy. These alliances not only enhance market reach but also pave the way for additional investment rounds to further develop and deploy advanced energy management solutions. However, challenges such as integrating AI into existing systems and competing with other technology providers remain. Ensuring the scalability and reliability of the EQ Mission Control™ platform will be crucial as Equilibrium Energy navigates this dynamic landscape.
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