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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Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
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Total Funding
$24.9M
Below
Industry Average
Funded Over
12 Rounds
Industry standards
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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Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
Find jobs on Simplify and start your career today
We update Piclo's jobs every few hours, so check again soon!Browse all jobs