Emerald AI raises $25 million to align data center energy use with grid capacity

Energy tech startup Emerald AI secured $25 million in a strategic expansion financing round to scale its solutions for aligning data center energy consumption with grid capacity. The funding round was led by Energy Impact Partners (EIP) and included participation from Amplo, Eaton, GE Vernova, IQT, Lowercarbon Capital, NVIDIA's venture arm NVentures, Radical Ventures, Salesforce Ventures, and Samsung Ventures. This capital infusion will support Emerald AI's mission to help data centers act as flexible grid resources, reducing power consumption during periods of grid strain, a critical need as the AI industry plans to bring nearly 50GW of data centers online in the U.S. over the next three years. The company's Emerald AI Conductor platform enables AI data centers to flexibly adjust their power consumption on demand, orchestrating computing loads to bolster grid reliability while meeting performance standards.

Counterparts (12)

Lender

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Energy Impact Partners (EIP)

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Eaton

company

Eaton is a global intelligent power management company headquartered in Dublin, Ireland, with approximately 94,000 employees and 2023 revenues of $23.2 billion. It provides electrical, aerospace, vehicle, and eMobility products and services, focusing on energy efficiency, sustainability, and digital transformation across various sectors including data centers, utilities, and industrial applications.

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NVentures

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IQT

company

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Samsung Ventures

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Siemens

company

Siemens is a global technology powerhouse focused on industry, infrastructure, transport, and healthcare. In the infrastructure sector, it provides a comprehensive portfolio of products, systems, solutions, and services for smart infrastructure, sustainable energy, and intelligent mobility, driving digitalization and sustainability across various industries and urban environments.

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Amplo

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Salesforce Ventures

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Lowercarbon Capital

company

Lowercarbon Capital is a venture capital firm that invests in companies that are working to reduce carbon emissions and reverse climate change. They invest across a range of sectors, including energy, transportation, agriculture, and manufacturing.

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Radical Ventures

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GE Vernova

company · 2 deals

GE Vernova is focused on electrifying and decarbonizing the world through its energy generation technologies and electrification systems. The company aims to reduce the carbon intensity of power systems and accelerate the transition to more reliable, affordable, and sustainable energy.

borrower

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Emerald AI

company