Emerald AI $25M Strategic Expansion Round — AI-powered grid flexibility platform for data centers
Emerald AI (CEO Varun Sivaram) raises $25M Strategic Expansion Round led by Energy Impact Partners. Conductor platform orchestrates AI workloads with onsite energy resources to deliver grid-responsive power flexibility without degrading AI performance. Partners with NVIDIA; first commercial deployment: 96 MW NVIDIA Aurora AI Factory Research Center in Manassas, VA. Also partners with AES, Constellation, Invenergy, NextEra, Vistra. Total funding $68M since founding in 16 months.
$25M
Deal Value
Other
Technology
DC
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Emerald AI
- Buyer / Financier
- Energy Impact Partners (lead), Amplo, Eaton, GE Vernova, IQT, Lowercarbon Capital, NVentures (NVIDIA), Radical Ventures, Salesforce Ventures, Samsung Ventures, Siemens
- Deal Value
- $25M
- Stage
- Growth
- ISO/RTO
- PJM
- Source
- Emerald AI
Capital Structure
$25M
Total transaction value
Tranches
- Strategic expansion equity round · Energy Impact Partners (lead); Amplo, Eaton, GE Vernova, In-Q-Tel, Lowercarbon Capital, NVentures (NVIDIA), Radical Ventures, Salesforce Ventures, Samsung Ventures, Siemens
- $25M
Finance Counterparties
Lenders & Capital Providers
- 10
- Siemens
Related Deals
Arcadia Series E — energy data API (Arc) covering 125+ utilities / 80%+ of US electric accounts
Arcadia → J.P. Morgan Asset Management Sustainable Growth Equity Team (lead); Keyframe Capital, Broadscale Group, Triangle Peak Partners, Camber Creek, Tiger Global, Wellington, Salesforce Ventures, Drawdown Fund, MCJ Collective
$200M ($1.5B unicorn valuation)
Arcadia acquires ENGIE Impact — utility expense & data management, energy procurement, and sustainability advisory business; Washington, DC-based Arcadia carves the unit out of ENGIE to build an AI-powered energy management platform
ENGIE → Arcadia
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Wind Catcher — 2,000 MW OK Panhandle (800 GE 2.5 MW turbines) + 350-mile 765kV line ($4.5B; cancelled July 2018)
AEP / Public Service of OK + SWEPCO + Invenergy → PSO + SWEPCO ratepayers
$4.5B (announced; cancelled)
ContourGlobal — 4.4 GW global power generation portfolio (gas/coal/wind/hydro/solar)
ContourGlobal plc
£281M (~$370M USD net)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.