Voltus Just Raised $225 Million to Pay You to Use Less Electricity
When a warehouse turns its freezers down for two hours, it looks to the grid like a power plant switching on. Voltus pays thousands of businesses to do exactly that, every day of the year.
Voltus, the largest demand-flexibility company in North America, just announced a $225 million Series D led by Al Gore's Generation Investment Management. Today's guest, co-founder and CEO Dana Guernsey, plans to use it to grow from 8.5 gigawatts of flexible capacity to 20 by 2030, a quarter of the Department of Energy's target for the whole country.
Google is already a customer, paying Voltus to line up as…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.