London, United Kingdom - 16 August 2023
Piclo, the leading independent marketplace for flexibility services, is proud to announce its selection as one of the world's most promising impact startups on the prestigious Norrsken Impact/100 list.
Founded by Klarna Co-founder, Niklas Adalberth, the Norrsken Foundation issues an annual compilation of highly regarded impact startups recognised for their remarkable contributions towards addressing global challenges and shaping a more sustainable future. Norrsken funds have raised over $500m to back exceptional entrepreneurs who combine profit with positive global impact
Companies were nominated by partners including the Gates Foundation, the Obama Foundation and Softbank. Winners were chosen through a rigorous selection process led by Norrsken and its partners, the list acknowledges companies that exhibit outstanding potential to create a positive impact on society and the environment.
"Being featured is a testament to our unwavering dedication to decarbonising the world’s grids. We are honoured to stand among other visionary startups that are collectively paving the way for a brighter and more sustainable world," James Johnston, Co-founder and CEO.
In March 2023, Piclo successfully raised £8.3m for its Series B fundraise.
About Norrsken
Norrsken Foundation is a non-profit impact ecosystem connecting founders with the capital, knowledge and network they need to make saving the world their business.
[This notice was update on 26th March, 2024]
Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible and more sustainable. Piclo Max, our market access platform, enables flex sellers (such as EV and battery owners) to access all electricity markets from one place. Piclo Flex, our flexibility services marketplace, enables flex buyers (system operators) to source flexible electricity from flex sellers during times of high demand or low supply.
To date, Piclo has over 300,000 registered flexible assets representing 22 GW of registered flex capacity, with flexibility contracts awarded totalling £74m and 2.6 GW+ of flexible capacity procured.
Piclo currently operates in six global markets: in the UK, supporting all six Distribution System Operators (UK Power Networks, SP Energy Networks, Electricity North West, Northern Powergrid, Scottish and Southern Electricity Networks and National Grid Electricity Distribution); and the Transmission System Operator (TSO) (the ESO); in Ireland (ESB Networks), Italy (E-Distribuzione), Portugal (E-REDES)); in Australia (CitiPower, Powercor); and in the United States in New York State (National Grid) and Connecticut (United Illuminating). Aside from its leading position in the UK, Piclo has a growing presence in Europe, USA and the Asia-Pacific.
For more information book a demo, follow us on LinkedIn, and watch us on YouTube.