Voltus raises $225M to turn homes and batteries into power for data centres
Voltus runs a virtual power plant that pays businesses and homes for flexible power. It sells that capacity into electricity markets and to data centres, and expects to reach 20 gigawatts by 2030.
Via TNW | Investors-funding
Credit: Voltus
Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vitol as co-leads.
Broadscale Group, Climate Investment, NGP, Ajax Strategies and All Aboard Fund also invested. Voltus called the round oversubscribed. It did not disclose its valuation.
“Electricity is now the constraint behind almost every major…
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