Voltus raises $225M to turn homes and batteries into power for data centres

San Francisco-based Voltus has raised $225 million in a Series D round. The company pays businesses and homes to cut, shift or supply power to the grid, then sells that flexible capacity into electricity markets. Its platform currently manages 8.5 GW, with a target of 20 GW by 2030 across the US and Canada.

• The $225M Series D was led by Generation Investment Management
• Voltus manages 8.5 GW of flexible capacity today, targeting 20 GW by 2030
• In June Voltus signed a three-year deal with Google for up to 100 MW a year in PJM
• NERC expects peak demand to grow 24% over the next decade