Terabase Energy, a Berkeley, CA-based company on a mission to reduce the cost and accelerate the deployment of utility-scale solar through software and automation, raised $44m in Series B financing.
The round, which brings Terabase’s total funding to $52m, was co-led by Breakthrough Energy Ventures and Prelude Ventures with additional participation from SJF Ventures and other existing investors.
The company intends to use the funds for full commercial deployment of its integrated solution in 2023.
Led by Matt Campbell, CEO, Terabase has built a digital platform for managing the full project life cycle of utility-scale solar and combined it with a construction automation system to transform the way solar power plants are deployed. Its automated field-factory, capable of 24/7 operations, can compress construction schedules and reduce costs while ensuring higher build quality. The robotics-assisted workflow will also improve worker health and safety by eliminating manual lifting of heavy panels and steel components under often difficult outdoor weather conditions.
Terabase is working alongside project developers, owners, and engineering & construction firms to support the design, optimization, and deployment of large-scale solar projects around the world.
FinSMEs
02/08/2022