Verdigris – a leading provider of AI-powered energy management solutions – recently announced an investment of $10 million to support the company’s next growth phase. And Verdigris’ platform provides carbon-intensive enterprises with the highly granular, real-time data and analysis needed to progress towards net zero goals, reduce Scope 2 emissions, and maintain compliance with emerging disclosure requirements.
The funding round was led by DCVC and Solea Energy, with several other notable firms and individuals participating. Paul Morris, Chief Strategy Officer at Solea Energy, will join Verdigris’ board of directors.
This new funding will propel Verdigris closer to their goal of revolutionizing every building on the planet with AI-powered energy intelligence. And the company aims to expand and create a ripple effect across vast building portfolios of some of the most energy-intensive companies globally, many of whom are already Verdigris customers. So Verdigris technology empowers companies to make significant strides in their carbon and Scope 2 reduction efforts while fundamentally enhancing the grid’s ability to deliver electricity carbon-free.
KEY QUOTES:
“We’re excited for this next phase of growth, bolstered by the support of sophisticated venture capital partners who possess a comprehensive understanding of the market landscape and its players. This funding not only acknowledges the immense potential of our technology, but also the capabilities and resilience of our team. With these resources, we are set to expedite the adoption of our platform among our largest enterprise clients and further refine our feature set to cater to their ever-evolving demands for climate action.”
— Mark Chung, Co-Founder and CEO of Verdigris
“The built environment remains inefficient and a substantial driver of climate change, with commercial buildings wasting over a third of the electricity they consume. Verdigris’ AI-powered energy intelligence solution represents a significant step toward eliminating this electricity waste. We enthusiastically back Mark and the highly technical Verdigris team as they work to meaningfully reduce carbon emissions from energy-intensive enterprises at scale.”
— Rachel Slaybaugh, Partner at DCVC
“Verdigris has demonstrated a unique ability to deliver high-quality, utility grade data at grid scale. Their innovative approach to energy data acquisition and analysis positions them well to optimize energy exchange both at a micro level within individual buildings, and at a macro level across the grid. We are excited to partner with Verdigris as they continue to expand for broader impact.”
— Paul Morris, Chief Strategy Officer at Solea Energy
