Piclo

Software solutions for flexible energy networks

London, England, United Kingdom

About Piclo

Piclo focuses on making energy networks more sustainable by providing software solutions that improve their intelligence and flexibility. The company offers two main platforms: Piclo Max, which allows sellers of flexible energy to access various electricity markets through a single interface, and Piclo Flex, a marketplace where system operators can buy flexible electricity during times of high demand or low supply. Piclo has registered over 300,000 flexible assets, amounting to 22 GW of capacity, and has facilitated contracts worth £74 million for flexibility services. Unlike its competitors, Piclo has a strong presence in the UK and is expanding into other regions, including Europe, the USA, and Asia-Pacific. The company's goal is to support the decarbonisation of the energy grid by enhancing the efficiency and sustainability of energy networks.

London, United KingdomHeadquarters
2013Year Founded
$24.2MTotal Funding
SERIES_BCompany Stage
EnergyIndustries
51-200Employees

Benefits

Paid Vacation
Flexible Work Hours
Remote Work Options

Risks

Increased competition may challenge Piclo's market share in energy flexibility.
Regulatory changes in the US could impose new compliance costs.
Reliance on venture capital funding may lead to financial instability.

Differentiation

Piclo offers a unique marketplace for electricity grid flexibility and sustainability.
Piclo Flex and Piclo Max platforms streamline access to energy flexibility services.
Piclo's global presence spans the UK, USA, Europe, and Asia-Pacific regions.

Upsides

Piclo secured funding from EDP Ventures for US and Australia expansion.
Partnerships with National Grid and United Illuminating enhance market access.
Piclo's 300,000 assets and 22 GW capacity demonstrate strong market traction.