Syso Technologies, a Boston, MA-based market operator of renewable energy and battery storage assets, raised $14.5M in Series B funding.
The round was led by Kimmeridge with participation from existing investor Lacuna Sustainable Investments.
The company intends to use the funds to expand its offerings into new markets, while continuing to drive improved operational and financial outcomes for developers and independent power producers that are advancing the energy transition across the power sector.
Led by CEO Chris Gosline, SYSO provides a range of services, including forecasting, power market access, asset operation, asset optimization, trading, settlement, and virtual O&M. Since launching in 2019, the company has established multiple partnerships with asset managers, developers, integrators, and IPPs. As a result, SYSO now manages over 2.5 GWs of assets across the ISO-NE, NYISO, PJM, MISO, ERCOT, CAISO and SPP markets.
FinSMEs
08/08/2024