Ascend Analytics, a Boulder, CO-based provider of energy transition analytics solutions, received an investment from Rubicon Technology Partners.
Rubicon was joined by climate investment firm Galvanize Climate Solutions, and Silversmith Capital Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its growth, product innovation and the expansion of its suite of analytics solutions.
Led by CEO Dr. Gary Dorris, Ascend Analytics is working energy transition and offers software and consulting services that capture the evolving and real-time dynamics of energy markets. Ascend’s products empower utilities, renewable developers, independent power producers, financial institutions, corporations, and other energy market stakeholders to develop, finance, and optimize energy assets in an increasingly complex energy market landscape.
Its product suite includes BatterySIMM, a standard for energy storage modeling and development, PowerSIMM, a resource selection and portfolio management solution, and SmartBidder, an energy storage bidding optimization platform.
Commenting on the news, Dr. Gary Dorris said: “Having now reached an inflection point in the transition, this partnership allows Ascend to grow at the speed and scale necessary to meet the moment. We are so proud of everything our team has accomplished, and although we are veterans in the sector, it feels like we are just getting started.”
FinSMEs
22/03/2024