Leap Secures$ 12M Investment to Expand Virtual Power Plant Software Solution

SAN FRANCISCO–( BUSINESS WIRE)– Leap, the commanding platform for energy request access, moment blazoned that it has secured a new capital raise totaling$ 12 million in equity backing. The backing round was led by Standard Investments with participation by DNV gambles and Sustainable Future gambles as well as Leap investors, including Union Square gambles, Congruent gambles and National Grid mates.
Leap’s software platform facilitates presto, automated access to energy requests for battery storehouse systems, electric vehicle( EV) charging, smart thermostats, erecting operation systems and other distributed energy coffers( DERs), making it easy for technology providers and drivers to earn profit in demand response and other grid services programs.

“ The need for clean, flexible capacity to help balance the simulated power grid has noway been advanced, ” said LeapCo-Founder and CEO Thomas Folker. “ With this new investment, we will continue to add high-value features to our platform, grow our network of technology mates and expand our value mound across topographies as we advance our charge to decarbonize the world’s electric grids. ”

Alongside a growing network of 70 technology mates, Leap has successfully connected over 70,000 client measures to emplace virtual power shops( VPPs) across the United States.

“ Distributed energy coffers are a growing precedence for both consumers and serviceability. With Leap’s unique capability to monetize all types of means — from energy storehouse to electric vehicles to structure operation systems — it’s a request maker in a decreasingly crowded field, ” said Standard Investments’ Logan Ashcraft, who was named to Leap’s Board of Directors. “ Standard’s investment in Leap is part of our focus on empowering authors who are bridging the digital and physical worlds to accelerate the energy transition. ”

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