|
|
|
|
|
NRG Energy Invests In AI Energy Technology Platform
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
NRG Energy Inc. today announced a $2.5 MM investment in Equilibrium Energy, which NRG described as an energy technology platform that, "leverages AI to enhance energy portfolio optimization capabilities."
"With this investment, NRG aims to gain market intelligence and explore solutions to address grid volatility created by load growth, intermittent renewable generation, and extreme weather events," NRG said
The investment comes from NRG’s corporate venture capital fund, which is said to be designed to create strategic opportunities that align with the company’s long-term vision.
The $50 MM fund will deploy capital over the next 5 to 7 years and focus primarily on investment opportunities in early- and mid-stage companies.
Initial investments will range in size from $0.5 MM to $2.5 MM, and the fund will maintain reserves for follow-on investments.
"NRG’s venture capital fund will create a new avenue for disciplined, structured engagement with entrepreneurs, technologies, and business models that are shaping the energy and smart home industries. Through its equity investments, the fund will support innovation and identify opportunities that enhance NRG’s ability to adapt and lead in a rapidly evolving landscape," NRG said
Equilibrium Energy said that NRG's funding is part of a $28 million Series B2 funding round which was led by GS Energy
Equilibrium Energy's software platform offers energy portfolio management capabilities and services
Copyright 2025 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
Investment From NRG's $50 MM Venture Capital Fund
March 12, 2025
Email This Story
Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
|
|
|
|
|