Singularity Energy, a New York-based provider of an intelligent grid decarbonization platform, raised $4.5M in Seed funding.
The round was led by Spero Ventures and Energy Impact Partners with participation from Third Sphere, and
J Ventures. As part of the round, Marc Tarpening, Tesla co-founder and partner at Spero Ventures, will join the company’s board of directors.
The company intends to use the funds to expand their product and technology roadmap, improve customer success, develop partnerships with key stakeholders, and continue to hire talent.
Led by CEO Wenbo Shi, Singularity Energy is an intelligent grid decarbonization platform built by experienced power systems and software experts from Harvard, MIT, and Johns Hopkins. The system provides time and location-based grid emissions data, and a suite of products such as developer APIs, and intelligent tools for grid operators, utilities, companies, and service providers to build data-driven decarbonization solutions.
Singularity works with Harvard, Sense, Measurabl, Eversource, and several undisclosed grid operators and utilities on decarbonization efforts.
In addition to the Seed funding round, Singularity has received $1.2 million in grants from the National Science Foundation’s (NSF).
FinSMEs
24/05/2022