Equilibrium Energy

We're finally ready to announce our successful Series B fundraise! 🎉 🎉 🎉 We closed our $39M in January led by DCVC. We're thrilled to welcome DCVC climate partner Rachel Slaybaugh to the Equilibrium board. We're also excited to welcome Valo Ventures as a new investor and to have existing anchor investor Breakthrough Energy also participate in the round. We're now set to tackle the next phase our EQ's growth! We are also thrilled to announce a host of exciting new business updates, including our entry into California, our market-leading battery optimization performance in Texas, our expanded and growing battery tolling business (380MWh and growing), and an exceptional group of new executives who have recently joined to help Equilibrium grow to new heights. Check out our full press release: https://lnkd.in/gR3n8Pb4

The grid is undergoing a deep transformation with unprecedented volatility, which we believe requires a new breed of energy tech to manage. Enter Equilibrium Energy, whose grid optimization trading platform is just that. DCVC is proud to have led its Series B! More from Partner Rachel Slaybaugh 👇 https://lnkd.in/gtJnmpkk

We're excited to be recognized by Modo Energy as the top performing 1-hour battery operator in ERCOT for the month of June. Turns out, we're also the top performing 1-hour battery operator in ERCOT for all of 2024, too! Nice job, team! Looking for a partner to help maximize your battery portfolio revenues (either via tolls or optimization-as-a-service)? Drop us a line! Check out the Modo piece here: https://lnkd.in/g5gHnR-P.

Equilibrium Energy is thrilled to announce the execution of two new energy storage Tolling Agreements in ERCOT with Ormat Technologies, Inc.! These 7 year agreements will provide revenue certainty to the 60 MW / 120 MWh Lower Rio and the 60 MW / 120 MWh Bird Dog Energy Storage projects, and allow Equilibrium to leverage its proprietary market optimization platform to set the bidding strategy for each project. With expected online dates in Q2 and Q4 2025, these projects will add new flexible capacity to support a cleaner and more resilient grid. A huge thank you to our dedicated teams, and our partners at Ormat for making this collaboration possible. Stay tuned for more updates as we continue to drive energy transformation and sustainable growth! You can read more about the transactions here: https://lnkd.in/g98PnvU8.