Clear Current, which is the first AI platform to offer a comprehensive virtual energy manager for enterprise businesses, announced it has secured over $4 million in an oversubscribed Seed Round. Rho Ignition led the round, with participation from Coreline Ventures and Avesta Fund.
How the funding will be used: This funding will enable Clear Current to expand its market across the U.S. and accelerate the development of its AI-driven energy management solutions at a pivotal moment in the enterprise energy transformation. Based in Albuquerque, Clear Current plans to tap into New Mexico’s growing AI talent pool.
What Clear Current does: Clear Current’s platform utilizes advanced machine learning to extract insights from thousands of complex energy documents, automatically identifying cost-saving opportunities that are often hidden in conventional systems. The AI manager orchestrates comprehensive energy intelligence across procurement, forecasting, consumption, and reporting—creating an adaptive system that continuously improves through operational experience. And the platform is already being piloted for major organizations, including Anheuser-Busch InBev where it could serve as a virtual extension of their energy management team.
Beyond traditional energy management tools, Clear Current’s system features autonomous procurement capabilities that continuously evaluate supplier options, intelligent rate analysis that identifies optimal tariff structures, and an interactive mapping system that organizes energy assets for strategic planning—all unified through an intuitive command center.
Value proposition: As businesses navigate escalating energy costs and complex market dynamics, Clear Current’s innovative energy enterprise resource planning (ERP) solutions are creating a new category of intelligent energy management. And the company’s proprietary AI system functions as a 24/7 virtual energy manager, automating tasks that traditionally required months of manual analysis and specialized expertise.
Leadership team: Clear Current’s leadership combines energy sector experience with AI development. CEO John Reuter, who guided Bloom Energy from pre-revenue to IPO after serving as a nuclear submarine officer, leads the company alongside CTO Jake Masters, a serial entrepreneur and former Redaptive CTO, and COO Eric Hines, an Army veteran with crucial energy infrastructure experience, including rebuilding Puerto Rico’s grid. This team has created an intelligent system that fundamentally reimagines how enterprises manage their energy assets.
KEY QUOTES:
“Today’s energy landscape demands more than static dashboards and basic reporting. Clear Current’s virtual energy manager provides cognitive capabilities that allow energy teams to act in minutes instead of months. This funding accelerates our mission to deploy intelligent agents that continuously optimize energy expenditures while providing unprecedented visibility across operations.”
John Reuter, CEO
“Managing global energy operations requires processing immense amounts of data across disparate systems. Clear Current’s virtual energy manager could transform our approach, enabling our team to better monitor, manage, and streamline operations while staying ahead of market shifts and internal targets.”
Adam Spunberg at 100+ Accelerator, a corporate sustainability program sponsored by AB InBev, The Coca-Cola Company, Colgate-Palmolive, Danone, and Unilever
“The Clear Current team is exceptionally well prepared to execute on the opportunity in front of them. They bring together rare and highly relevant experience—from scaling energy infrastructure and AI platforms to building enterprise-grade software systems. That combination gives them a unique advantage in addressing the complexity of today’s energy challenges. We’re confident in their ability to lead this market shift and build a category-defining company.”
Dan Ruch, General Partner at Rho Ignition
“With commercial and Industrial (C&I) power rates projected to double over the next decade, businesses need intelligent systems that can adapt to rapidly changing conditions. Clear Current’s virtual energy manager provides this critical capability, transforming how enterprises understand and optimize their energy expenditures.”
Montauk Climate Co-Founder and COO Sharo Atmeh
