Piclo is a leading independent marketplace providing local flexibility services, bringing together Flex Providers with System Operators to procure the much-needed balance of supply and demand in the energy sector. Founded by James Johnston, they raised $8.3M in Series B funding, Piclo has attracted investors like Clean Growth Fund, Sustainable Future Ventures, Future Energy Ventures, Japan Energy Fund, and Green Angel Syndicate. The UK-based startup aims to create low-cost, resilient grids by enabling technologies such as renewables, batteries, and electric vehicles to provide local flexibility to distribution networks. Piclo's marketplace drives increased participation, standardization, and scale to level the playing field and streamline the transition to Net Zero. 

By placing humans at the core of their design process, Piclo understands the challenges with flexibility procurement and reduces the friction involved. They facilitate competitive auctions, allowing Flex Providers to bid to win contracts, ensuring the best price is secured. Piclo Flex is a marketplace that supports System Operators in the end-to-end process of procuring and operating flexibility, and it is composed of a series of functional modules that System Operators can subscribe to, based on flexibility needs and the required degree of process automation.