<p><strong>SAN FRANCISCO</strong> — Voltus, a distributed energy resource platform, has raised $225 million in an oversubscribed Series D financing round. Generation Investment Management led the round alongside co-leads Activate Capital and Vitol. Other investors include Broadscale Group, Climate Investment, NGP, Ajax Strategies and All Aboard Fund.</p>
<p>The North American Electric Reliability Corporation (NERC) expects peak demand to grow 24 percent over the next decade, more than double the growth it forecast two years ago. Voltus will use the funding to help close the grid’s capacity gap. The company anticipates it will grow its platform to 20 gigawatts (GW) by 2030 as it executes on its Bring Your Own Capacity (BYOC) program in PJM and MISO and expands its leadership position across the U.S. and Canada.</p>
<p>Voltus is building the grid’s flexibility layer: it taps the latent capacity in batteries, cooling systems, and industrial processes at thousands of businesses and homes, and dispatches it into electricity markets every day. Participants that reduce, shift, or supply power can lower their energy bills and earn new revenue. By getting more out of existing infrastructure, flexibility can help bring down electricity rates for everyone.</p>
<p>“Electricity is now the constraint behind almost every major ambition we have, but it doesn’t have to be. The question is no longer whether the grid needs flexibility, it&#8217;s how quickly we can make it foundational,” said Dana Guernsey, CEO of Voltus.</p>
<p>The round drew investors across energy security, economic development, sustainability, and AI infrastructure. Each arrived at the same conclusion: flexible capacity is necessary to meet rising energy demand.</p>
<p>“As electricity demand rises, the fastest, most cost effective and lowest-carbon source of new capacity is often the one already connected to the grid,” said Dave Easton, Partner, Growth Equity, Generation Investment Management. “Voltus turns the flexibility of businesses, homes and batteries into reliable power, helping the AI buildout meet its growing energy needs while reducing pressure to build new fossil-fuel infrastructure and making it easier to integrate renewables. The co-founders have spent more than a decade focused on this challenge, well before demand from data centers and electrification began to surge. We believe their experience and commitment put Voltus in a strong position to scale a solution that can help the grid meet rising demand more sustainably.”</p>
<p>&#8220;Flexibility is the fastest and cheapest capacity the grid can add, and Voltus has spent a decade building the platform and market access to deliver it at scale,&#8221; said Raj Atluru, Managing Partner at Activate Capital. &#8220;We first backed Voltus on that thesis, and demand from data centers and electrification has only strengthened it. Voltus is the best solution we&#8217;ve seen to the challenge of interconnecting large loads and decarbonizing our energy system while keeping retail rates affordable.&#8221;</p>

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