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Industries
Energy
Company Size
51-200
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
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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Total Funding
$24.9M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Paid Vacation
Flexible Work Hours
Remote Work Options
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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Business & Strategy
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Industries
Energy
Company Size
51-200
Company Stage
Series B
Total Funding
$24.9M
Headquarters
London, United Kingdom
Founded
2013
$120k - $140k/yr
California, USA + 1 more
Find jobs on Simplify and start your career today
Business & Strategy
1 Open Roles
Discover companies similar to Piclo