Piclo

Piclo

Software solutions for energy network flexibility

About Piclo

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

Industries

Energy

Company Size

51-200

Company Stage

Series B

Total Funding

$24.9M

Headquarters

London, United Kingdom

Founded

2013

Overview

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 many competitors, Piclo has a strong presence in the UK and is expanding into other regions like 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.

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Simplify's Take

What believers are saying

  • Piclo's expansion into the US and Australia is supported by new funding.
  • Partnerships with E-REDES and Plexigrid enhance Piclo's market access and technology.
  • Piclo's platform supports over 300,000 assets, representing 22 GW of flexible capacity.

What critics are saying

  • Increased competition could challenge Piclo's market share in energy flexibility.
  • Rapid technological advancements may render Piclo's software less competitive.
  • Regulatory changes in key markets could impact Piclo's operations and growth.

What makes Piclo unique

  • Piclo offers a unified platform for buyers and sellers in energy markets.
  • Piclo Flex enables system operators to procure flexible electricity during high demand.
  • Piclo Max allows flex sellers to engage with all electricity markets from one interface.

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Funding

Total Funding

$24.9M

Below

Industry Average

Funded Over

4 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
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Paid Vacation

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-1%

2 year growth

1%
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.

Current News
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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