Odyssey vitality options continues quest to have an effect on growing economies with $5.4M seed • TechCrunch
There’s been tons of focus on remaking the electrical grid inside the U.S. and in Europe, getting ready it for a tidal wave of intermittent renewable vitality and on the spot-on batteries. It’s taking place in matches and begins, with utilities themselves alternately embracing and pushing again in the direction of the mannequin new, extra distributed future. That’s been complicating grid upgrades.
however in areas the place the grid is unreliable or nonexistent, the place incumbent resistance doesn’t exist, potential disruptors are popping up. For years, organising electrical grids on islands or in distant territories was a pricey proposition since their comparatively small sizes ran counter to fossil fuels’ economies of scale. Now, although, renewables are flipping the script.
but even renewables revenue from economies of scale. Scale might even be comparatively straightforward to get hold of in areas simply like the U.S., the place initiatives is liable to be massive and financing straightforward to buy, however in growing international areas, it’s all tougher to return by. Odyssey vitality options is hoping to change that.
In an unique with TechCrunch+, the startup introduced as we communicate that it has raised $5.forty three million in a seed spherical led by Equal Ventures with Twelve beneath, abstract Ventures, Founder Collective, and MCJ Collective taking half. the mannequin new funds will go in the direction of rising its platform that permits the planning, financing, constructing, and working of renewable vitality initiatives in growing economies.