Piclo

• 23/03/2023
• Series B
• $10,234,000

Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible and more sustainable. Our flagship product, Piclo Flex is the leading independent marketplace for energy flexibility services, enabling distribution system operators (e.g. UK Power Networks) to source energy flexibility from flexible service providers (e.g. electric vehicles) during times of high demand or low supply. As of 2021 the flexibility contracts awarded on Piclo Flex totalled £56 m with 16 GW of flex capacity registered and 739 GW of flexible capacity procured.

Piclo (Open Utility Ltd) currently supports the business-as-usual flexibility procurement of six of the UK DNOs and is commercially contracted with UK Power Networks, SP Energy Networks and Electricity North West. With a growing presence in Europe, Piclo recently launched in Lithuania working with the largest DSO Energijos Skirstymo Operatorius (ESO).

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