Piclo is a leading independent marketplace for flexibility services with a mission to decarbonize the grid. The company's software solutions aim to make energy networks smarter, flexible, and more sustainable. With products like Piclo Max, they enable flex sellers, such as EV and battery owners, to access all electricity markets from one place. Additionally, Piclo Flex, their flexibility services marketplace, allows flex buyers, i.e., system operators, to source flexible electricity during times of high demand or low supply. Currently operating in six global markets, Piclo has over 300,000 registered flexible assets representing 22 GW of registered flex capacity, with flexibility contracts awarded totaling £74m and 2.6 GW+ of flexible capacity procured. Founded in 2013 and based in the United Kingdom, Piclo has attracted a Venture - Series Unknown investment as of 20 August 2024. The company has a growing presence in Europe, USA, and the Asia-Pacific regions, with notable operations in the UK, Ireland, Italy, Portugal, Australia, and the United States. With its significant registered flexible assets and successful contracts, Piclo holds promise in the energy sector and demonstrates potential for further expansion.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture - Series Unknown | Unknown | - | 20 Aug 2024 | |
Series B | £8.30M | 6 | 22 Mar 2023 | |
Series A | £4.70M | 3 | Mott MacDonald Ventures | 06 May 2021 |
Grant | £539.10K | 2 | 01 Apr 2019 | |
Seed Round | £520.15K | 2 | Ian Marchant | 01 Sep 2018 |