# Smarter Grid Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smarter-grid-solutions

- Industry: Software
- Headquarters: Glasgow, UK
- Website: www.smartergridsolutions.com
- Total disclosed funding: $8.4M
- Latest round: Series D (Aug 25, 2017)
- Investors on record: 3

## About

Smarter Grid Solutions Ltd. is a UK-based company specializing in advanced Distributed Energy Resource Management Systems (DERMS) that optimize energy resources for utilities and asset operators, facilitating the transition to a sustainable energy future.Founded in 2008, Smarter Grid Solutions Ltd. operates out of Glasgow, UK, focusing on developing innovative solutions for energy management. The company has secured a total of GBP 2.60 mn through its Series D round in August 2021, led by investors including Scottish Enterprise and the University of Strathclyde. The firm has completed 6 deals to date and currently holds a valuation of GBP 14.747 mn. The founders, Alan Gooding and Bob Currie, have laid a strong foundation for the company's growth under the leadership of CEO Brent Marshall.Smarter Grid Solutions specializes in providing advanced Distributed Energy Resource Management Systems (DERMS), focusing on optimizing distributed energy resources for utilities and asset owners/operators. Their core product, Strata Grid, enhances the stability and efficiency of electricity systems as the world transitions toward a zero-carbon economy. This software integrates with various flexibility marketplace platforms, allowing utilities to manage a diverse array of energy resources, including solar, wind, and battery storage. SGS serves a broad clientele of utility companies and distributed energy resource developers across North America and Europe, addressing critical challenges in energy management and grid stability.In the most recent fiscal year of 2023, Smarter Grid Solutions generated revenue of GBP 8,364,286.90, while reporting an EBITDA of GBP -1,998,630.50. The company primarily operates on a subscription-based model, offering utilities and energy developers access to its Strata Grid DERMS software and related services. This B2B approach fosters long-term partnerships with clients, ensuring they receive tailored solutions for energy management, further enhancing customer loyalty and satisfaction.Following the most recent funding round in August 2021, Smarter Grid Solutions aims to leverage this capital to expand its product offerings and market presence. The acquisition of investment aims to integrate Smarter Grid Solutions' technology with Mitsubishi Electric Power Products, targeting enhancements in product capabilities and access to new markets. The company plans to explore additional geographic regions and markets to solidify its standing in the energy sector, aiming for a stronger foothold in the Americas and Europe by the end of 2023.

## Funding rounds

- Series D, Aug 25, 2017, $3.3M — University of Strathclyde, Scottish Enterprise
- Series B, Jul 2, 2014, $1.8M — University of Strathclyde, Scottish Enterprise
- Series B, Jan 14, 2013, $3.2M — Scottish Equity Partners, University of Strathclyde, Scottish Enterprise

## Investors

- Scottish Equity Partners (https://capitalatlas.ai/funds/scottish-equity-partners) — Series B
- University of Strathclyde — Series B, Series D
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Series B, Series D