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Overview
Piclo provides software to decarbonize power grids by improving intelligence, flexibility, and sustainability of energy networks. It operates Piclo Max, a market access platform for flex sellers to access all electricity markets from one interface, and Piclo Flex, a marketplace for system operators to procure flexible electricity when demand is high or supply is tight. It serves EV/battery owners and electricity operators across markets in the UK, Ireland, Italy, Portugal, Australia, and the USA, with over 300,000 flexible assets totaling 22 GW and £74 million of flexibility contracts awarded. Piclo differentiates itself by combining a single market access hub with a dedicated flexibility marketplace and strong UK DSO/TSO presence, while expanding internationally to broader markets, with the goal of enabling more flexible, sustainable energy systems through easier trading and procurement of flexibility.
About Piclo
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
11-50
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
Simplify's Take
What believers are saying
- US Marketplace launched March 2025, serving utilities nationwide.
- EDP Ventures funding fuels US, Australia expansion in 2024.
- Partners E-REDES, Plexigrid, National Grid boost global adoption.
What critics are saying
- Enode erodes US share via direct utility API integrations now.
- Ofgem mandates commoditize UK Flex by Q3 2026.
- AEMO's 2027 platform obsoletes Australian operations entirely.
What makes Piclo unique
- Piclo Max unifies access to all electricity markets via single interface.
- Piclo Flex enables DSOs to procure flexibility from 350,000 assets.
- Registered 40 GW flex capacity across UK, US, Europe, Australia.
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Funding
Total Funding
$24.9M
Below
Industry Average
Funded Over
12 Rounds
Industry standards
Benefits
Paid Vacation
Flexible Work Hours
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↑ 6%2 year growth
↑ 3%Piclo announces the expansion of its partnership with E-REDES, Portugal's main electricity distribution operator, as part of the FIRMe project.
Piclo Marketplace launches Piclo-wide - bringing Energy Markets together with a game-changing unified platform for buyers and sellers.
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.
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.
Piclo raises new funding from EDP for energy asset trading.
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About Piclo
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
11-50
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
There are no jobs for Piclo right now.
Find jobs on Simplify and start your career today