BERKELEY, CA, Terabase Energy today announced a $44 million Series B financing.
The round was co-led by Breakthrough Energy Ventures and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase's total funding to $52 million and will be used to support the company's mission to reduce the cost and increase the scalability of solar by building a digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.
Founded by experienced solar power plant experts, Terabase Energy is on a mission to reduce the cost and accelerate the deployment of utility-scale solar through software and automation. The Terabase platform will enable rapid deployment of solar plants at more competitive costs which will support both grid-connected PV plants as well as enable the cost-effective production of green hydrogen with PV in the future. Terabase's existing suite of software includes cloud-based apps for plant design, solar energy modeling (PlantPredict), and construction management. The company also offers power plant controls and SCADA solutions.
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