Amperon Holdings, Inc., a Houston, TX-based leader in AI-powered grid forecasts, raised $7 in Series A funding.
The round, which brings Amperon’s total funding to $10m, was led by HSBC Asset Management (NYSE: HSBC), out of its new Climate Tech Venture Capital Fund, with participation from Riverstone Holdings, Muus Asset Management, Climate Capital, and Kiran Bhatraju, CEO of Arcadia.
The company intends to use the funds to bring its AI-enabled, electricity demand analytics to new markets in Europe and Asia and broaden their customer base to utilities, virtual power plants, commercial and industrial customers, and grid operators.
Led by Sean Kelly, CEO, and Abe Stanway, CTO, Amperon provides an AI-powered electricity analytics tool for electricity market participants to address the growing issues of grid reliability and sustainability. builds for energy market participants. Founded in 2018, the company serves electricity retailers, energy traders, grid operators, and utilities throughout the US, Canada, and Australia.
FinSMEs
05/05/2022