Ascend Analytics, a Boulder, CO-based supplier of power transition analytics options, acquired an funding from Rubicon Know-how Companions.
Rubicon was joined by local weather funding agency Impress Local weather Options, and Silversmith Capital Companions.
The quantity of the deal was not disclosed.
The corporate intends to make use of the funds to speed up its development, product innovation and the growth of its suite of analytics options.
Led by CEO Dr. Gary Dorris, Ascend Analytics is working power transition and gives software program and consulting providers that seize the evolving and real-time dynamics of power markets. Ascend’s merchandise empower utilities, renewable builders, unbiased energy producers, monetary establishments, companies, and different power market stakeholders to develop, finance, and optimize power belongings in an more and more complicated power market panorama.
Its product suite contains BatterySIMM, a typical for power storage modeling and growth, PowerSIMM, a useful resource choice and portfolio administration answer, and SmartBidder, an power storage bidding optimization platform.
Commenting on the information, Dr. Gary Dorris stated: “Having now reached an inflection level within the transition, this partnership permits Ascend to develop on the pace and scale needed to fulfill the second. We’re so pleased with the whole lot our workforce has achieved, and though we’re veterans within the sector, it seems like we’re simply getting began.”
FinSMEs
22/03/2024
