Critical Loop raises $26 million Series A and agrees to source LG Energy Solution Vertech battery storage products

Critical Loop, a Los Angeles-based startup specializing in modular microgrid solutions, closed a $26 million Series A funding round led by Conifer Infrastructure Partners and Hanover, with participation from Better Ventures, Climate Capital, Adapt Nation Capital, and Cyrus Ventures. The company also announced a binding supply agreement with LG Energy Solution Vertech to source domestically manufactured energy storage products for its microgrid systems. The funding will accelerate the deployment of Critical Loop’s modular microgrid technology, which combines battery storage, power generation, and proprietary software-defined controllers to connect industrial clients to power faster than traditional grid interconnection methods. Critical Loop’s Cygnus controller and CLB-5100 1 MW battery system are designed to operate autonomously, managing diverse power sources to maintain site reliability while utilities complete permanent grid upgrades. The company targets industrial load demand driven by AI data centers and industrial electrification, positioning its technology as a solution for grid capacity constraints in high-demand regions like California.

Counterparts (8)

Investor

A

Adapt Nation Capital

company

Climate Capital

company

London-based early-stage climate investment firm backing pre-seed to growth-stage companies focused on decarbonizing energy, agriculture, transport, and resource management sectors.

B

Better Ventures

company

C

Conifer Infrastructure Partners

company

C

Cyrus Ventures

company

Hanover

company

Worcester, Massachusetts-based property and casualty insurance provider offering commercial and personal insurance products. Operates primarily in the U.S. insurance market with no identified infrastructure investment or operational activities.

borrower

Critical Loop

company

U.S.-based developer and operator of behind-the-meter battery storage and microgrid solutions, providing on-demand power infrastructure for industrial and critical infrastructure customers. Focuses on configurable energy systems to address grid constraints with 50 MWh deployed and 67 active control nodes in California.

supplier

LG Energy Solution Vertech

company · 1 deals

LG Energy Solution Vertech focuses on battery technology and energy storage solutions. They are involved in the development, manufacturing, and supply of advanced battery systems for various applications, including electric vehicles and energy storage systems.