Lancium Technologies Raises $150M in Financing


Lancium Technologies Corporation, a Houston, TX-based technology company focused on the energy transition, raised $150m in financing.

Hanwha Solutions led the financing with participation from other strategic energy investors, as well as SBI Holdings and other existing, early-stage investors.

Led by Michael McNamara, co-founder and CEO, Lancium is a technology company creating software, technical solutions and energy infrastructure that together are decarbonizing the grid.

Lancium operates Clean Campuses, which are built at critical points on the transmission system that are often overwhelmed with renewable energy. Its Smart Response™ software enables Clean Campuses to function as Controllable Load Resources (CLRs) to the electrical grid. This helps the pace and scale of renewable energy growth and provides critical grid reliability products usually provided by fossil fuel plants, which collectively will help speed the energy transition. Clean Campuses will host Bitcoin mining, high throughput computing and other energy intensive applications.