# Equilibrium Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/equilibrium-energy

- Industry: Renewable Energy
- Headquarters: Boston, US
- Website: www.equilibriumenergy.com
- Total disclosed funding: $101M
- Latest round: Series B (Feb 25, 2025)
- Investors on record: 8

## About

Founded in 2021 and based in Massachusetts, US, co-founders Ryan Hanley, Alvin Henrick, and Jonathan Mather, Equilibrium Energy, Inc. offers renewable energy solutions that focus on the creation and proliferation of clean energy. In August 2023, Equilibrium Energy, Inc. raised USD 33 million in venture funding from investors Breakthrough Energy Ventures, Global Founders Capital, and NJP Ventures.

Equilibrium Energy's key product is an AI-centric tech platform that offers power grid-infused insights to optimize energy consumption and distribution. By utilizing advanced artificial intelligence and data analytics, the company seeks to revolutionize the way power is generated, distributed, and consumed, making it more sustainable. The company offers tolling agreements for grid-scale battery developers, providing them with contractual offtake arrangements crucial for securing project financing. This tolling offering operates like a "PPA-for-batteries" to replicate the success that PPAs brought to wind and solar projects.

## Funding rounds

- Series B, Feb 25, 2025, $26M — NRG Energy, Inc., DCVC, GS Energy, Valo Ventures, Japan Energy Capital
- Series B, Dec 13, 2023, $39M — DCVC, Breakthrough Energy Ventures, Valo Ventures
- Series A, Aug 1, 2023, $37M — Global Founders Capital, Breakthrough Energy Ventures, NJP Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B
- NJP Ventures (https://capitalatlas.ai/funds/njp-ventures) — Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series B
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Series B
- NRG Energy, Inc. — Series B
- GS Energy — Series B
- Japan Energy Capital (https://capitalatlas.ai/funds/japan-energy-capital) — Series B