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U.K. AI-Powered Retail Energy Company Expanding To Texas, Recently Raised $75 Million In Series B For International Expansion
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Tem-Energy Inc., an "AI-powered" retail energy company in the United Kingdom focused on non-residential customers, is expanding to Texas and will be seeking a Texas retail electric provider certificate
In the U.K., Tem connects non-residential customers directly with renewable energy generators through its RED platform
Tem describes itself as an, "energy transactions scaleup". In the U.K., Tem is not a licensed retail supplier, and instead relies on a partner supplier for compliance and licensing obligations
Tem describes itself as offering, "modern contracting powered by AI, fast reliable delivery and lower market prices for businesses"
"We don’t buy power from the wholesale market, and we don’t operate like a traditional supplier. Instead, RED connects businesses with a pool of renewable generators, who we work directly with. That removes middlemen and hidden fees, giving both sides fairer prices and greater efficiency. You still get everything you’d expect from a utility -- bills, usage insights, and customer support -- but with more clarity. For compliance, we work with a licensed supply partner, so you’re fully protected under UK regulations while benefiting from tem’s modern and transparent approach," Tem states
"RED gets you closer to the true cost of energy by removing the markups and inflated costs built into the wholesale market. The result? Real savings from your very first bill," Tem states
"RED is built on our modern transaction infrastructure keeping the price of power stable and 10x lower than the market price floor. No more wondering how the markets will affect your bills," Tem states
"More of what's on your bill goes directly to the people generating your power -- not to middlemen, markups or margin stacking," Tem states
Tem states, "You’re billed using half-hourly meter data - not monthly averages. Every charge reflects your usage precisely, with automatic reconciliation if data updates."
Team states, "30% of every business energy bill pays for inefficiency and fees. Not generation. Not transmission. Margin, complexity, and opacity baked into a model that was designed before the World Wide Web had found its feet. If you're a business, you overpay and you don't know why. If you're a generator, you earn less than you should and can't see where the value goes. If you're the partner in between, you're stuck using tools from the 1990s, manually processing contracts, fighting with suppliers on behalf of clients who deserve better. Every other energy supplier in the world still runs on this model. They have to -- their pricing depends on it. tem is the only company that has rebuilt the transaction layer to offer a sustainably lower price floor."
Earlier this year Tem announced a $75 million Series B round led by Lightspeed Venture Partners, with strategic investments from Hitachi Ventures, Voyager Ventures, Schroders Capital, and Allianz, alongside existing investors AlbionVC, Atomico, and Revent.
"This funding takes tem international -- starting where demand is growing fastest and the opportunity to cut waste is largest," Tem said
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August 17, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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