VoltaGrid
VoltaGrid is a company that provides innovative power and fuel solutions, utilizing AI and modular systems to enhance power reliability and reduce emissions.
Services
VoltaGrid provides turnkey power and fuel solutions that are clean, reliable, intelligent, and affordable. Their services are tailored for both remote and grid-parallel applications, leveraging a patent-pending modular system to improve power quality and reliability while minimizing emissions. They offer hybrid power solutions which can significantly reduce greenhouse gas emissions by up to 40% compared to traditional dual-fuel and combustion turbines.
Technology and Innovation
VoltaGrid utilizes a highly innovative, patent-pending modular system and an AI-driven monitoring mechanism. This technology allows for real-time optimization of power consumption, fuel costs, emissions, and equipment conditions. Their natural gas generators are noted for their quick response, being able to go from stopped to full rated load in just 32 seconds. Moreover, their switchgear rig can handle up to 10 MWe of site-generated renewable energy per unit.
Environmental Impact
VoltaGrid's hybrid power solutions contribute to notable environmental benefits by reducing greenhouse gas criterion emissions by 28% – 40% compared to conventional systems. The use of AI-driven monitoring further optimizes fuel consumption and minimizes emissions, supporting their goal of providing cleaner energy solutions.
Investment and Financial Growth
In December 2021, VoltaGrid closed a $100 million USD equity raise, attracting strategic investments from well-known entities. They have also secured a senior revolving credit facility that provides immediate access to $60 million USD, with the potential to increase up to $150 million USD under specific conditions. This financial backing supports their continued growth and expansion in the energy solutions market.
Acquisitions and Strategic Expansion
VoltaGrid acquired substantially all assets of Pilot’s CNG compression and CNG virtual pipeline services in December 2022. This strategic acquisition enhances their service offerings and positions them for further market penetration in providing clean and efficient energy solutions.