Voltus raises $225 million to expand distributed energy platform

Voltus, a distributed energy resource technology platform and virtual power plant operator, has secured $225 million in an oversubscribed Series D funding round. Led by Generation Investment Management, with Activate Capital and Vitol as co-leads, the capital will support the expansion of its platform toward a 20 GW goal by 2030. The company intends to grow its operations across the United States and Canada, specifically targeting the PJM and MISO electricity markets to address rising electricity demand.

Other notable clean energy funding includes Hamburg-based solar installer 1KOMMA5°, which raised approximately €70 million to invest in its Heartbeat AI energy intelligence platform. NEU Battery Materials, a lithium-ion battery recycling startup, secured $7.6 million to scale its lithium iron phosphate recycling operations and support international expansion. Additionally, Ionage, an AI-based electric vehicle charging and energy management platform, raised $1.3 million in pre-series A funding to expand its network coverage in India.