We are excited to announce that Piclo has successfully raised £74 million ($74 million) in our latest funding round, a significant boost that will propel our mission to decarbonise energy grids across the globe. As a pioneering company in developing advanced software solutions, we strive to make energy networks smarter, more flexible, and sustainable. Our flagship products—Piclo Max and Piclo Flex—are revolutionizing how energy markets operate by facilitating seamless access for flex sellers, like EV and battery owners, to tap into electricity markets, while enabling system operators to procure flexible electricity during peak demand or low supply conditions.
With over 300,000 registered flexible assets and an impressive 22 GW of registered flex capacity, our innovative approach is already making waves in the energy sector. To date, we have awarded flexibility contracts amounting to £74 million, successfully procuring over 2.6 GW of flexible capacity. With this new funding, we plan to enhance our technology, expand our market access platform, and deepen our operational footprint in the six global markets we serve, including the UK, Ireland, Italy, Portugal, Australia, and the United States. This financing marks a major milestone for Piclo as we continue to pave the way towards a sustainable future. By investing in smarter energy systems, we are not just reducing carbon emissions but also creating a more resilient and interconnected energy landscape for everyone. We are grateful to our investors for their support and belief in our vision to transform energy networks worldwide.
