Splight has raised $12 million in seed funding for their AI-powered grid operations technology.
This round was led by noa (formerly A/O), and included participation from EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation
The tech focuses on grid congestion, or the shortage of transmission capacity due to using old management methods. Also known as grid bottlenecks, this can waste up to 40% of renewables.
Splight’s technology integrates advanced grid management systems, making it possible to utilize renewable energy more effectively.
