SYSO, a prominent player in the renewable energy and battery storage markets, has announced the successful closure of its Series B funding round, securing $14.5 million. The round, spearheaded by Kimmeridge through its Carbon Solutions strategy, saw participation from existing investor Lacuna Sustainable Investments. This new capital infusion is set to significantly enhance SYSO’s market operations and expand its footprint in the energy transition landscape.
SYSO, which specializes in managing renewable energy and battery storage assets, will utilize the funds to accelerate its growth and optimize its service offerings. The company provides an extensive array of services including market forecasting, asset operation, trading, and virtual O&M. Since its inception in 2019, SYSO has cultivated partnerships with asset managers, developers, and independent power producers, managing over 2.5 gigawatts (GWs) of assets across major North American markets including ISO-NE, NYISO, PJM, MISO, ERCOT, CAISO, and SPP.
Chris Gosline, CEO of SYSO, commented on the funding, “We are delighted to welcome Kimmeridge as our lead investor and to continue our collaboration with Lacuna Sustainable Investments. This round of investment validates our strategic direction and will enable us to scale our operations, enhance our services, and provide greater value to our clients amidst the evolving power market landscape.”
Henry Makansi, Managing Partner and Co-Founder of Kimmeridge, expressed enthusiasm about the investment, stating, “SYSO’s capability to navigate complex dispatch strategies and regulatory landscapes makes them a valuable partner. Their proven track record aligns with Kimmeridge’s focus on supporting leading-edge solutions in decarbonization and the energy transition.”
Editorial Insight
SYSO’s latest funding achievement marks a pivotal moment in the company’s growth trajectory and highlights a significant trend in the energy sector. As the global energy market increasingly prioritizes sustainability and efficiency, SYSO’s advanced platform is well-positioned to capitalize on these shifts. The company’s emphasis on integrating comprehensive market operations and optimization services aligns perfectly with the current and future needs of the energy sector.
The involvement of Kimmeridge, known for its strategic investments in decarbonization, underscores SYSO’s potential to drive meaningful change in the renewable energy space. SYSO’s ability to manage and optimize large-scale energy assets effectively will be crucial as the industry continues to navigate the complexities of the energy transition. The firm’s growing influence across major energy markets and its innovative service offerings reflect a strong alignment with the sector’s evolving demands.
In summary, SYSO’s expanded capabilities and strategic investments position it as a leader in facilitating the transition to a sustainable energy future. Their proactive approach and robust market presence suggest a promising path forward in optimizing and advancing the energy sector’s sustainability goals.
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