Splight Inc. raises $12M to use AI to reduce energy congestion

Splight Inc. obtains $12 million to develop its AI technology, reducing grid congestion and optimizing the integration of renewable energies.

Share:

Illustration de l'utilisation de l'IA dans l'éolien

Splight Inc, a startup specializing in artificial intelligence (AI)-based energy network management technologies, announces that it has secured $12 million in its initial funding round. Led by noa (formerly A/O) and backed by investors including EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments and the UC Berkeley Foundation, the funding round aims to strengthen Splight’s presence in North America and Europe. Network congestion, often referred to as gridlock, results from a lack of transmission capacity due to
outdated contingency management methods.
This leads to losses of up to 40% of renewable energy production, and delays the connection of thousands of renewable energy projects.

Splight technology and impact

Splight develops innovative AI-based technology to improve grid operations using inverter-based resources (IBR) as a source of reliability.
This approach significantly reduces curtailment and accelerates the connection of renewable power plants and the deployment of distributed energy resources (DER) and batteries.
Using real-time data and advanced algorithms, Splight’s technology transforms IBRs into grid-compatible assets.
By addressing real-time contingencies, this technology unlocks up to twice as much transmission capacity, injecting terawatts of clean energy into the grid while adding reliability.
This no-compromise solution is revolutionary for grid operations, and meets the growing need for renewable energy with existing transmission infrastructures.

A promising future for network management

Fernando Llaver, CEO of Splight, says: “Our technology is proven and commercially viable: we solve network congestion while adding reliability. This fundraising is a huge vote of confidence that will be used to expand our business internationally.”
Thomas Vadora, CTO of Splight, adds, “This investment is a significant step that will accelerate our growth, enhance our product offerings and bring great value to our customers.”
Investors in this funding round are diverse and include funds specializing in climate and energy technology, industry leaders and university endowments.
These investors have a global footprint covering the UK, USA, Portugal, Spain, Brazil, Chile, Mexico and Argentina.

Technology for a sustainable world

Kia Nejad, investor at noa, comments: “Reducing energy production is perhaps the most pressing issue in the transition to a sustainable energy system. Splight’s technology offers a practical approach to modernizing the energy grid to meet today’s needs. We are delighted to support Splight as they lead the implementation of large-scale grid software, with an established presence among industry-leading customers in Europe, the US and Latin America.”
Splight was founded by Thomas Vadora, Fernando Llaver and Carlos Caldart.
Their expertise in computer science, electrical engineering and deep experience in the energy industry culminate in a vision to revolutionize energy and sustainability through technology.
This approach solves grid problems faster and more efficiently than any other solution available today.
Splight’s technology provides a real-time operational layer and increases grid reliability.
This new flexibility-based reliability layer frees up to twice the transmission capacity, facilitating the mass adoption of electric vehicles (EVs) and DERs, optimizing battery use and achieving zero-emission power grids faster than any other alternative.

PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.
CBAK Energy and Anker Innovations jointly launch a battery cell manufacturing facility in Malaysia, with a commercial potential estimated at $357 million, further strengthening their strategic partnership in the lithium-ion battery sector.
ORIX announces the sale of the majority of its stake in Greenko to AM Green Power and commits a new USD 731mn investment in the Luxembourg-based AMG holding, confirming its strategic repositioning in next-generation energy.
Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.