Terabase Energy

Terabase Energy

Cloud-based construction automation for utility-scale solar

Overview

Terabase Energy delivers cloud-based digitization and construction automation for utility-scale solar projects. It acts as an end-to-end project partner, helping customers design and deploy solar power plants more quickly and efficiently across the entire project lifecycle. Its solutions, validated by simulating over 30,000 projects in PlantPredict, optimize resources and enable rapid, large-scale deployment. The company differentiates itself by offering an integrated suite that covers design, processes, and construction automation to maximize value at each deployment stage. Its goal is to enable customers to deploy solar power plants faster and at a larger scale by providing practical, scalable software and services.

About Terabase Energy

Simplify's Rating
Why Terabase Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Robotics & Automation

Energy

Enterprise Software

Company Size

201-500

Company Stage

Series C

Total Funding

$207M

Headquarters

Berkeley, California

Founded

2019

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Simplify's Take

What believers are saying

  • SoftBank-led funding exceeded $200 million, supporting expansion and manufacturing buildout.
  • Terabase opened a Paris R&D office on April 15, 2026, signaling Europe demand.
  • Fast Company named Terabase among 2026's most innovative companies, aiding enterprise sales.

What critics are saying

  • Terafab V2 must scale from testing to factory output by March 2027.
  • EDP Renewables dominates headlines; customer concentration exposes Terabase to one buyer's procurement shifts.
  • Nextracker, Array, and in-house EPC tools can commoditize Terabase's software margins by 2027.

What makes Terabase Energy unique

  • Terabase combines PlantPredict, Construct, Terafab, and SCADA across one solar lifecycle.
  • Construct now supports 25 GW worldwide and 2 GW with EDP Renewables.
  • Terafab V2 completed field testing on March 19, 2026, for commercial shipment.

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Funding

Total Funding

$207M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$130M
Terabase Energy

Benefits

Remote Work Options

Flexible Work Hours

401(k) Company Match

Stock Options

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Mirror Democrat and Savanna Times-Journal
Apr 15th, 2026
Terabase Energy accelerates international expansion as Construct platform surpasses 2 GW with EDP Renewables.

Terabase Energy accelerates international expansion as Construct platform surpasses 2 GW with EDP Renewables. * 3 hrs ago Terabase Energy, the leader in digital and automation solutions for utility-scale solar power, today announced a major expansion of its international footprint, highlighted by the opening of its Paris R&D office. The milestone comes as EDP Renewables S.A. (Euronext: EDPR), one of the world's largest renewable energy developers and one of Construct's largest customers globally, has surpassed 2 gigawatts (GW) of utility-scale solar projects managed with Terabase Construct. Demand for purpose-built digital construction management tools is accelerating globally. With Construct now supporting more than 25 GW of projects worldwide, Terabase is scaling its platform to meet the needs of international developers like EDPR who are building across multiple continents simultaneously. "Our international expansion reflects where the industry is heading," said Matt Campbell, CEO of Terabase Energy. "The same construction challenges that drove Construct's adoption in the U.S., such as fragmented data, limited visibility, and inconsistent quality control, are front and center for developers building at scale in Europe and around the world. EDPR's many projects on the platform are proof that Construct delivers at global scale." After seeing strong results and significant value, EDPR has steadily expanded its use of Construct across its utility-scale solar projects, creating a shared operating foundation that aligns owners and EPCs around the same real-time data. The platform replaces fragmented reporting with a collaborative environment where both sides can communicate proactively, resolve issues faster, and carry lessons from one job site directly into the next. As EDPR continues to grow its renewable energy portfolio across an increasingly global footprint, platforms like Construct are well positioned to help owners maintain visibility and oversight when projects span geographies far and wide. "Terabase Construct gives us real-time visibility into what's happening across our projects, providing greater confidence as we continue to scale," said Kent Shields, Executive Vice President of Engineering and Construction at EDP Renewables North America. "The platform has already delivered meaningful cost and time efficiencies by helping us identify and address issues earlier in the construction process, and it has improved how we collaborate with our EPC partners. As we deploy it across multiple projects, the ability to generate portfolio-level insights is becoming increasingly valuable, enabling continuous improvement from one project to the next." The latest version of Construct allows the platform to physically embed itself on-site - deploying Terabase's proprietary wireless data network and IoT tracking beacons for a continuous pulse on equipment, crew activity, and installation progress. Paired with automated drone flights feeding a GIS-based digital twin, it enforces QA/QC with a precision the industry has historically struggled to achieve. In a sector where minor construction defects can compound into costly future operational issues, that site-integrated verification matters. Catching concerns before subsequent scopes cover them translates directly into higher yields, fewer warranty claims, and stronger long-term asset returns. The partnership between the two companies has been further strengthened by EDP Ventures, the corporate venture capital arm of EDP, whose early investment in Terabase created a direct bridge between the company's technology and EDPR's operational needs. "Our investment in Terabase was driven by a conviction that Automation and Digitalization would be essential to scaling renewable energy deployment," said Rosario Cannata, Principal at EDP Ventures and Board Observer at Terabase. "Seeing Construct embedded across EDPR's projects as Terabase expands into Europe is exactly the kind of strategic impact we look for. It's a clear example of early-stage conviction translating into real, measurable value for our business units." To support its growing international customer base, Terabase's new Paris R&D office is dedicated to advancing Construct's AI and software capabilities, drawing on Europe's deep talent pool in AI, data science, and geospatial technology to accelerate the platform's roadmap and deliver even greater value to customers like EDPR. ABOUT TERABASE ENERGY Terabase Energy is transforming utility-scale solar construction through robotics, AI, and software. Its products span the full project lifecycle: PlantPredict(R) for energy modeling, Terafab(R) for automated construction, Construct for construction management, and SCADA and plant controls. Headquartered in Berkeley, California, Terabase is backed by more than $200 million from SoftBank, Breakthrough Energy Ventures, Prelude Ventures, Fifth Wall, SJF Ventures, EDP Ventures and others. To learn more, visit www.terabase.energy. ABOUT EDP RENEWABLES EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector, develops, constructs, owns, and operates renewable energy projects across multiple continents. With a presence in more than 29 markets and a track record of delivering gigawatts of clean energy, EDPR is committed to leading the energy transition through innovation, operational excellence, and sustainable growth. For more information, visit www.edpr.com. ABOUT EDP VENTURES EDP Ventures is the corporate venture capital arm of EDP, a global energy company, focused on investing in Energy and Climate Tech startups. EDP Ventures provides financial investment, mentoring, and access to EDP's network and resources to help accelerate the growth of promising startups in the energy sector. EDP Ventures invests globally with a portfolio of companies across Europe, the US, Latin America, and Asia. Media gallery Sections.

Business Wire
Mar 24th, 2026
Terabase Energy named to Fast Company's annual list of the World's Most Innovative Companies of 2026.

Terabase Energy named to Fast Company's annual list of the World's Most Innovative Companies of 2026. Terabase Energy earns global innovation recognition for its full-lifecycle approach to utility-scale solar at terawatt scale BERKELEY, Calif.-(BUSINESS WIRE)-Terabase Energy is proud to have been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2026. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 720 honorees across 59 sectors and regions. With a growing team of world-class talent in robotics, AI, and energy, and a product portfolio operating at the cutting edge of the utility-scale solar industry, Terabase is building the infrastructure the terawatt era demands. Share "Utility-scale solar is one of the largest infrastructure buildouts in history, yet so much of the lifecycle - from planning and construction to operations - still runs on manual processes, fragmented data, and disconnected tools," said Matt Campbell, CEO and co-founder of Terabase Energy. "We see enormous opportunity to apply AI, robotics, and software across every stage - led by Terafab, our game-changing, construction automation platform that designed and manufactured right here in the United States. This recognition is a testament to the exceptional work our team is doing to make that vision a reality." The opportunity spans the full solar lifecycle, and Terabase's product ecosystem is designed to seize it. In pre-construction, PlantPredict(R) applies advanced modeling to optimize energy yield. In the field, Terafab(R) brings physical AI and autonomous robotics to the jobsite, replacing manual labor with factory-grade automation designed and manufactured in California. Through Construct, Terabase is digitizing construction management with IoT, automated drone flights, and a real-time digital twin supporting more than 25 GW of projects worldwide. And in operations, the company's SCADA, plant controls and EMS solutions are building advanced tools for real-time plant performance analytics and controls, giving operators the intelligence they need to maximize output and asset value over the life of a power plant. With a growing team of world-class talent in robotics, AI, and energy, and a product portfolio operating at the cutting edge of the utility-scale solar industry, Terabase is building the infrastructure the terawatt era demands. The World's Most Innovative Companies is Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company's editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. "Our list of the Most Innovative Companies is about spotlighting organizations that don't just adapt to change - they drive it," said Brendan Vaughan, editor-in-chief of Fast Company. "The companies we honor this year are redefining what leadership looks like in 2026, pairing bold ideas with measurable impact and turning breakthrough innovation into real-world value. They are setting the pace for their industries and offering a blueprint for what sustained innovation can achieve." The full list of Fast Company's 2026 Most Innovative Companies honorees can now be found at fastcompany.com. ABOUT TERABASE ENERGY Terabase Energy, Inc. is transforming utility-scale solar construction through robotics, AI, and software. Its products span the full project lifecycle: PlantPredict(R) for energy modeling, Terafab(R) for automated construction, Construct for construction management, and SCADA and plant controls. Headquartered in Berkeley, California, Terabase is backed by more than $200 million from SoftBank, Breakthrough Energy Ventures, Prelude Ventures, Fifth Wall, SJF Ventures, EDP Ventures and others. To learn more, visit www.terabase.energy. ABOUT FAST COMPANY Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com. Contacts. MEDIA CONTACT

Business Wire
Mar 14th, 2025
Terabase Secures $130 Million Series C From SoftBank Vision Fund 2 to Accelerate Construction of Utility-Scale Solar

Terabase Energy, a leader in digital and automation solutions for utility-scale solar power, today announced the closing of its $130 million Series C

The Star Media Group
Mar 13th, 2025
Terabase Energy secures $130 million to expand solar technology deployment

Terabase will use the funding in part to further develop its robotics-assisted assembly line, Terafab, which according to the company removes "bottlenecks in construction speed and workforce limitations".

Yahoo Finance
Mar 13th, 2025
Terabase Energy secures $130 million to expand solar technology deployment

(Reuters) - Solar technology company Terabase Energy announced on Thursday it has secured a funding of $130 million, led by SoftBank, to scale its technology deployment for large solar projects.

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