Series D · Climate tech
Voltus raises $225 million Series D for flexible grid capacity
Generation Investment Management, Activate Capital and Vitol co-led the oversubscribed round.
Broadscale Group, Climate Investment, NGP, Ajax Strategies and All Aboard Fund also participated. Voltus plans to expand its distributed energy platform across the United States and Canada and aims to reach 20 gigawatts of capacity by 2030.
The company connects flexible electricity use, batteries and other distributed resources to power markets. Its expansion includes programs that help large energy users bring additional capacity to the grid as demand grows.
Use of funds
Expand distributed energy platform
Scale flexible grid capacity in North America
Funding history
Series D · This round$225M