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Harness hits $5.5B valuation with $240M raise to automate AI’s ‘post-code’ divide

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You are at:Home»Startups»Yottar wants to help energy users find capacity in the electricity grid
Startups

Yottar wants to help energy users find capacity in the electricity grid

techtost.comBy techtost.com25 August 202503 Mins Read
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Yottar Wants To Help Energy Users Find Capacity In The
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From AI to EVS, demand for the power of the world increases and the electricity grid feels compression.

Enter YotrosA start -up that maps the electricity capacity to help companies understand where they can connect new data centers, EV charging stations and other teasing equipment.

“The Electification Super Circle clashes with the explosion of the AI ​​Data Center. This makes network operators really struggle to deal with the delay,” said Peter Clutton-Brock, co-founder and chief executive of Yottar.

“Just like an example, around London, almost all the ability for things like large -scale data centers has been undertaken,” he said. “It’s not a matter. Is there a backup capacity? Is it like, when will these upgrades be?”

As ancient grids are increasing more and more stretched, newly formed performance such as Yottar have been developed to help energy users to deal with these weaknesses. Some companies, such as Gridcare, focus on finding unused capacity already – convincing utilities that they have really more space available than they claim.

Yottar adopts a different approach. Instead of supporting the existing capacity, the company creates detailed maps that show exactly where the network capacity exists and how much power is available at each location.

“There are some other people playing in the field. Different people have faced slightly different cases of use,” Clutton-Brock said. “The case we follow is what we have called medium -sized demand developers so that people who use electricity and not create it.” In general, projects range between 1 and 5 megawatts, he said.

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The Yottar customers are Tesla and the National Health Service of the United Kingdom. Tesla uses the SAAS bid offer to select websites for new turbines and to upgrade existing ones. The NHS uses Yottar to identify clinics and hospitals that can accommodate EV chargers and also uses the platform when planning solar panel installations and the determination of where to create new Radiology Units.

“They can’t afford to go through each of these sites per site,” Clutton-Brock said.

The start recently set a $ 1 million pre-dollar round led by Haatch with the involvement of investors Cape Capital and Angel. Yottar also begins a new feature that will allow companies to quickly determine which locations could support upgrades or new equipment, he told TechCrunch exclusively.

Yottar takes many of its data directly from the distribution networks themselves, which are needed by regulators to have this information available. The company also allows for private data that is not public and updates its own files using anonymous data from successful network connections from its customers.

Currently, customers pay a fee per seat and use charge based on the number of websites they evaluate. Clutton-Brock said the consultants are the company’s main competition at this point. “This is the alternative that people currently have, which, especially for smaller -scale demand developers, is not sustainable.”

For the time being, Yottar operates in the United Kingdom, but Clutton-Brock has a look at expansion in the US and elsewhere. “The problem is absolutely an international problem and needs an international solution,” he said.

Capacity Charges EV electricity electrification energy Exclusive find grid Users Yottar
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Harness hits $5.5B valuation with $240M raise to automate AI’s ‘post-code’ divide

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TIME named “Architects of AI” Person of the Year

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Harness hits $5.5B valuation with $240M raise to automate AI’s ‘post-code’ divide

Mesa shuts down credit card that rewards cardholders for paying their mortgages

Port raises $100M valuation from $800M round to take on Spotify’s Backstage

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