New wave · Worldwide

New grid technology startups, founded 2020 on

The new wave: 119 grid technology startups founded in 2020 or later that have raised money in rounds we track, $6.2B between them, placed in 6 segments.

119startups on the map
6segments
$6.2Braised between them
Energy storagemost funded segment

Energy storage

90

+66 more

Grid software and analytics

9

Virtual power plants and flexibility

6

EV charging

6

Microgrids

4

Transmission and grid hardware

4

Segment by segment

Energy storage

90 startups · $5.9B raised

  1. Akaysha EnergyAkaysha Energy offers full-cycle development for projects including Battery Energy Storage Systems (BESS) and renewable energy.Australia$1.5B
  2. Fidra EnergyFidra Energy is a battery energy storage firm/business that aims to aid decarbonization for electrical system.United Kingdom$804M
  3. Rezolv EnergyRezolv Energy is an independent power producer and renewable energy developer based in Prague, Czech Republic.Romania$763M
  4. ElvyElvy is a Stockholm-based energytech startup founded in 2023, specializing in AI-optimized, subscription-based home energy systems.Sweden$595M
  5. Cero GenerationCero Generation is a solar energy company that develops solar energy and energy storage solutions.United Kingdom$312M
  6. EnerVenueEnerVenue is an energy storage infrastructure company based in Fremont, California, founded in 2020.United States$312M
  7. Constantine Energy StorageConstantine Energy Storage is an energy storage company that provides energy management and renewable energy services.United Kingdom$234M
  8. Terra OneTerra One engages in the development and operation of large-scale battery storage systems.Germany$185M

Grid software and analytics

9 startups · $82M raised

  1. GridsightGridsight is a technology startup founded in 2020 that offers an AI-powered software platform designed to assist electrical utilitAustralia$38M
  2. JIJingsil IntelligentJingsil Intelligent is dedicated to digital power distribution switches and intelligent power distribution management software systems.-$15M
  3. SplightSplight is an AI-driven grid technology company founded in 2021, headquartered in San Mateo, California, with additional offices iUnited States$12M
  4. SunairioSunairio is a software company based in Baltimore, Maryland, founded in 2020.United States$6.4M
  5. GridFree AIGridFree AI is a data center infrastructure company based in The Woodlands, Texas, specializing in grid-independent power and coolUnited States$5.0M
  6. AdaionAdaion's AI-driven platform transforms complex grid planning into a streamlined, data-driven process.Spain$2.8M
  7. SStormImpactStormImpact is a Data-driven software designed to keep the utility grid running.United States$850K
  8. The GridThe Grid is a B2B sales intelligence platform that assists businesses with sales prospects and go-to-market initiatives.Netherlands$792K

Virtual power plants and flexibility

6 startups · $11M raised

  1. Elyos EnergyElyos Energy is a software platform for energy optimization, flexibility, and demand response.United Kingdom$3.0M
  2. PowernautPowernaut is a Belgian energy technology startup based in Ghent, founded in 2024.Belgium$2.5M
  3. Scale EnergyWe build energy storage at your industrial site - without any investment required from you.Germany$2.1M
  4. Fractal EnergyAt Fractal Energy, we combine smart storage (BESS) with a cutting-edge Virtual Power Plant (VPP) to revolutionize demand load management.France$2.1M
  5. TOGL EnergyTOGL orchestrates EV charging so fleets can add more vehicles to an existing grid connection and earn flexibility revenue.United Kingdom$1.1M
  6. BeChainedAI solution to eliminate wasted energy in manufacturing, unlock demand-response market access and certify carbon footprint at prodUnited States$180K

EV charging

6 startups · $92M raised

  1. AtlanteAtlante is a developer of an electric vehicle charging network that is 100% grid-integrated and powered by renewables and energy storage.Italy$50M
  2. Decade EnergyDecade Energy develops energy storage, charging, and software solutions that secures power for electric fleets at the lowest possible cost.France$26M
  3. KwettaKwetta is a New Zealand-based company specializing in EV charging technology, founded in 2021 and headquartered in Napier.New Zealand$11M
  4. LevistorLevistor is a UK-based cleantech company founded in 2021, specializing in high-power, short-duration energy storage systems.United Kingdom$2.6M
  5. Alpha GridAlpha Grid is a software development company based in Palo Alto, California, founded in 2020.United States$2.5M
  6. EVbeeEVbee is a global energy-engineering company founded in June 2022, headquartered in Utrecht, Netherlands, with R&D operations in ENetherlands$1.2M

Microgrids

4 startups · $138M raised

  1. DG MatrixDG Matrix is a cleantech company based in Raleigh, North Carolina, founded in 2022.United States$80M
  2. Critical LoopCritical Loop is an energy technology company based in Long Beach, California, founded in 2023.United States$38M
  3. GreenStruxureGreenStruxure is a joint venture established in September 2020 by Schneider Electric, Huck Capital, and ClearGen.United States$15M
  4. Vespene EnergyVespene Energy is a CleanTech company based in Berkeley, California, focused on methane mitigation.United States$4.3M

Transmission and grid hardware

4 startups · $12M raised

  1. GridStrongGridStrong is a New York-based enterprise software company founded in February 2025.United States$10M
  2. SunCubesSunCubes is a Milan-based deep-tech startup founded in 2023 by engineers from Politecnico di Milano.Italy$1.3M
  3. Sensible PhotonicsSensible Photonics is partnering with utilities, OEMs and regulators to improve grid reliability and resilience through low-cost sUnited States$600K
  4. FreeFlow TechnologyFreeFlow Technology Ltd is a UK-based engineering company specializing in e-bike transmission architecture and drivetrain systems United Kingdom$549K

How this map is made. Every startup here has raised money in rounds we track, and was founded in 2020 or later. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in grid technology, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

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