Voltus

Headlines · 2

1. Oct 22
   Google and Voltus announce 1 GW PJM virtual power plant

   Google and Voltus announced an agreement to fund a roughly 1-gigawatt virtual power plant on the PJM grid, providing capacity for Google's operations as the company expands its data-center footprint. The Next Web reports that the deal adds 1,070 MW to the 100 MW the companies agreed in June, with Voltus aggregating spare capacity from participating homes and businesses. During grid strain, those sites can reduce consumption through batteries, smart thermostats, industrial-process changes and other flexible equipment, while Google pays for the capacity.

   The Next Web · 🔥 0
2. Oct 8
   Voltus raises $225M Series D to turn homes and batteries into data centre power

   Voltus, a San Francisco company that runs a virtual power plant, raised a $225 million Series D led by Generation Investment Management, with Activate Capital and energy trader Vitol as co-leads and Broadscale Group, Climate Investment, NGP, Ajax Strategies and All Aboard Fund also participating. Voltus pays businesses and homes to cut, shift or supply power when the grid needs it, then sells that flexible capacity into electricity markets; it says its platform holds 8.5 GW today and targets 20 GW by 2030 across the US and Canada, and it did not disclose a valuation. The money will expand its Bring Your Own Capacity programme, which includes a three-year June deal with Google for up to 100 MW a year in PJM and an August agreement with Sunrun to supply home solar and battery capacity for Voltus deals with AI hyperscalers.

   The Next Web · 🔥 0

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