SAN FRANCISCO–(BUSINESS WIRE)–Equilibrium Energy, the leader in energy portfolio management capabilities and services for the power industry, today announced the successful close of a $28 million Series B2 funding round, as well as the launch of its flagship software platform product, EQ Mission ControlTM. The investment, led by GS Energy, with participation from NRG Energy and other new and existing investors, accelerates Equilibrium’s mission to help power companies, independent power producers, and corporations unlock the full potential within their energy portfolios.
As societal energy needs evolve, energy portfolio management teams are seeking ways to move beyond infrequent portfolio balancing and towards real-time, dynamic co-optimization of enterprise profits and risk; from relying on large teams to manually compensate for disparate data and software systems to embracing an AI-powered transformation that propels their businesses forward. Equilibrium’s new flagship platform product, EQ Mission ControlTM, helps these teams empower their experts and tap into their proprietary data, strategies, and operations, enabling an unprecedented level of strategic capabilities.
The EQ Mission ControlTM platform unifies the fragmented data and systems landscape for power companies and independent power producers. By leveraging its unified enterprise data model and code frameworks, EQ Mission ControlTM maximizes profits while minimizing risks in its customers’ largest opportunity: enterprise portfolio management. Equilibrium’s market-leading portfolio management capabilities are purpose-built for large, diverse, and dynamic energy portfolios. Equilibrium helps its customers leverage artificial intelligence (AI) as a force multiplier via AI copilots embedded in every corner of its EQ Mission ControlTM platform. The platform’s augmented intelligence capabilities provide an unprecedented boost to users’ synthesis, creativity, and speed. EQ Mission ControlTM delivers enterprise-wide real-time insights, granular forecasting, dynamic decision-making support, and AI copilots trained on proprietary data and code.
EQ Mission ControlTM is actively being applied to various power portfolio management assets, portfolios, and use cases, including battery energy storage and renewables optimization. Equilibrium leverages its EQ Mission ControlTM platform to optimize these asset fleets based on dynamic market conditions, fully maximizing their performance and profitability as they supply and balance the electricity grid.
“Our new strategic investors bring deep power industry expertise, expansive market reach, commercial partnerships, and a shared ambition to reshape how power companies and corporations navigate the energy transition,” said Ryan Hanley, Founder and CEO of Equilibrium Energy. “This funding round will fuel our continued product leadership and investment, accelerate our commercial expansion, and strengthen our ability to deliver unprecedented innovation potential and outsized value to our customers.”
GS Energy, a leading global energy solutions provider, joins Equilibrium as a strategic investor. Yongsoo Huh, CEO of GS Energy, expressed enthusiasm for the partnership: “Equilibrium is redefining how energy portfolios are assembled and managed, and we’re excited to build alongside them in this investment and strategic partnership. Their capabilities, platform, technology, and vision are critical enablers of our goal to optimize energy systems for a more sustainable and carbon-neutral society.”
NRG Energy, one of the leading energy and home services companies in North America, also joins as an investor and strategic partner. Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations, highlighted Equilibrium’s potential impact: “We see Equilibrium as a key partner in enhancing our energy portfolio optimization capabilities. Their platform provides next-generation augmented intelligence capabilities that can upend how portfolios are managed, helping NRG and others unlock outsized potential in our energy portfolios.”
With this Series B2 funding, Equilibrium will expand its commercial offerings, deepen its market-leading EQ Mission ControlTM platform, and scale its reach to serve more customers. The company is doubling down on its mission to deliver unlimited potential to energy portfolio management capabilities in the power industry.
About Equilibrium Energy
Equilibrium Energy is the leader in energy portfolio management capabilities and services for the power industry. The EQ Mission ControlTM platform leverages agentic artificial intelligence capabilities embedded throughout to help power companies and independent power producers unlock the full potential in their energy portfolios. Founded in 2021, the technology startup quickly became the market leader in managing dynamic power portfolios, combining its expertise across power systems, power markets, artificial intelligence, and software engineering to unlock unprecedented capabilities for its clients. For more information, visit www.equilibriumenergy.com.
About GS Energy
GS Energy Corporation is the energy holding company of GS Group, a conglomerate based in South Korea with operations across the energy, power, retail and construction sectors. GS Energy’s portfolio spans across power generation & district heating, EV charging, power solutions, battery recycling, natural gas imports & LNG terminal, exploration & production, and refining & petrochemicals.
For more information, visit https://www.gsenergy.co.kr/english/.
About NRG Energy
NRG Energy Inc. is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals while also advocating for competitive energy markets and customer choice. More information is available at www.nrg.com. Connect with NRG on Facebook, Instagram, LinkedIn and X.
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