Voltus Raises $225 Million, Expects To Scale To 20 GW By 2030

Voltus announced that it raised $225 million in an oversubscribed Series D financing round.

Generation Investment Management led the round alongside co-leads Activate Capital and Vitol. Other investors include Broadscale Group, Climate Investment, NGP, Ajax Strategies and All Aboard Fund.

Voltus will use the funding to help close the grid’s capacity gap. The company anticipates that it will grow its platform to 20 gigawatts (GW) by 2030 as it executes on its "Bring Your Own Capacity™ (BYOC)" program in PJM and MISO and expands its position across the U.S. and Canada.

Voltus taps the latent capacity in batteries, cooling systems, and industrial processes at thousands of businesses and homes, and dispatches it into electricity markets every day.