Renewable power start-up Branch Energy raises funds for expansion

Branch Energy, a data and AI-driven retail renewable power provider has raised USD 10.8 million (EUR 9.88m) in a Series A funding round that will help the start-up advance the development of its battery management platform and build out its field services infrastructure.

Founded in 2021, Branch Energy is a vertically integrated power provider supporting local wind and solar projects. It provides businesses with long-term energy stability through demand management software and advanced on-site battery energy storage systems (BESS). The company charges a fixed rate and also provides customers with energy saving tips based on power usage analysis.

The Houston, Texas-based firm, which has signed up thousands of customers, has picked Texas as its first market due to the amount of stress on the state’s grid and its service is already available in select regions.

The oversubscribed fundraising round was led by climate-focused venture capital firm Prelude Ventures and supported by infra-tech investor Zero Infinity Partners.

(USD 1 = EUR 0.916)

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