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Piclo

Platform enabling energy market flexibility procurement

Overview

Piclo provides software that helps decarbonize power grids by increasing the intelligence, flexibility, and sustainability of energy networks. It runs two platforms: Piclo Max, a market access interface for flex sellers to reach multiple electricity markets, and Piclo Flex, a marketplace for system operators to procure flexible electricity during peak demand or tight supply. Its differentiator is the combination of a unified market access platform with a dedicated flexibility marketplace, backed by a strong presence in the UK and growing international markets. Its goal is to enable more flexible, resilient, and low-carbon electricity systems by making it easier to trade and procure flexibility across electricity markets.

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About Piclo

Simplify's Rating
Why Piclo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnergyEnterprise Software

Company Size

11-50

Company Stage

Series B

Total Funding

$24.9M

Headquarters

London, United Kingdom

Founded

2013

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Simplify's take

What believers are saying

  • Piclo launched Belgium on April 15, 2026, after winning ORES procurement.
  • September 2025 U.S. scaling added 1GW and over 350 utility buyers.
  • Northern Ireland and National Grid partnerships extend contracted demand into 2027.

What critics are saying

  • Utilities can bypass Piclo by bundling flexibility into existing DERMS vendors.
  • Marketplaces depend on regulation and procurement cycles; delayed tenders crush revenue timing.
  • If National Grid and peers build internal portals, Piclo becomes a commodity interface.

What makes Piclo unique

  • Piclo is the neutral marketplace layer across utilities, aggregators, and DERs.
  • By September 2025, Piclo reached all 50 U.S. states in six months.
  • Its platform standardizes flexibility procurement across Europe, America, and Australia.

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Funding

Total Funding

$24.9M

Below

Industry Average

Funded Over

12 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Benefits

  • Paid Vacation
  • Flexible Work Hours
  • Remote Work Options

Growth & Insights and Company News

6 month growth

-6%

1 year growth

-12%

2 year growth

-3%
Piclo
Apr 10th, 2025
Piclo and E-REDES Expand Partnership to Boost Portugal's Green Energy Transition

Piclo announces the expansion of its partnership with E-REDES, Portugal's main electricity distribution operator, as part of the FIRMe project.

Piclo
Mar 28th, 2025
Piclo Marketplace launches US-wide - Bringing Energy Markets together with a Game-Changing Unified Platform for Buyers and Sellers

Piclo Marketplace launches Piclo-wide - bringing Energy Markets together with a game-changing unified platform for buyers and sellers.

Piclo
Mar 27th, 2025
Piclo and Plexigrid Announce Strategic Partnership to Revolutionise DER Market Access and Drive the Future of Utilities

By streamlining the connection between utilities, energy providers, and DERs, Piclo's solutions will offer a seamless and flexible approach to accessing energy markets, integrating with Plexigrid's AI grid analytics technology.

Informa PLC
Aug 20th, 2024
Piclo secures funding for global expansion

UK software solutions provider Piclo has secured investment from EDP Renewables' venture capital arm, EDP Ventures, to expand into the US and Australia. Piclo's platform, which facilitates trading of electricity capacity, has over 300,000 active assets and 22GW flexible capacity. The funding round was co-led by EDP Ventures, Clean Growth Fund, and Future Energy Ventures, with a larger round expected later this year. Piclo has awarded contracts worth £74 million and acquired 2.6GW of flexible capacity.

Tech.eu
Aug 20th, 2024
Piclo raises new funding from EDP for energy asset trading

Piclo raises new funding from EDP for energy asset trading.

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