About

Piclo focuses on making energy networks more sustainable by providing software solutions that improve their intelligence and flexibility. The company offers two main platforms: Piclo Max, which allows sellers of flexible energy to access various electricity markets through a single interface, and Piclo Flex, a marketplace where system operators can buy flexible electricity during times of high demand or low supply. Piclo has registered over 300,000 flexible assets, amounting to 22 GW of capacity, and has facilitated contracts worth £74 million for flexibility services. Unlike its competitors, Piclo has a strong presence in the UK and is expanding into other regions, including Europe, the USA, and Asia-Pacific. The company's goal is to support the decarbonisation of the energy grid by enhancing the efficiency and sustainability of energy networks.

Simplify's Take

What believers are saying

• Piclo secured funding from EDP Ventures for expansion into the US and Australia.
• Partnerships with National Grid and United Illuminating enhance Piclo's market credibility.
• Piclo's 300,000 registered assets and 22 GW capacity demonstrate significant market traction.

What critics are saying

• Increased competition in the energy flexibility market may challenge Piclo's market share.
• Regulatory changes in the US could impose new compliance costs for Piclo.
• Reliance on venture capital funding may lead to financial instability if expectations aren't met.

What makes Piclo unique

• Piclo offers a unique marketplace for electricity grid flexibility and sustainability.
• Piclo Flex and Piclo Max platforms streamline access to energy markets and flexibility services.
• Piclo's global presence spans the UK, USA, Europe, and Asia-Pacific regions.

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