Electric grid analytics platform Grid Status has announced an $8M funding round led by Energize Capital. The company has also launched a publicly available real-time wholesale price map.

Investors joining the round include Nat Friedman and Daniel Gross (NFDG Ventures), Rayburn Electric Cooperative, Evergreen Climate Innovations and other individual investors. This first round of outside funding will enable Grid Status to scale its team and product to meet the data demands of the rapidly changing energy industry.

The Grid Status platform collects, standardises, and analyses hundreds of energy datasets, enabling users to create dashboards, leverage analytics tools through Grid Status Pro, and gain robust data access via APIs and integration with enterprise data warehouses like Snowflake.

The company has released the industry’s first and only publicly available real-time wholesale price map. The map along with new platform functionalities are designed to help users understand what’s happening on the grid at a glance. Users can access this map as a stand-alone app or within various dashboards across the site.

Grid Status currently has customers across the energy sector, and its users span a majority of renewables developers, energy consulting firms, and ISOs and RTOs in the U.S. It also supports utility operations, demand response aggregators, battery dispatch optimisation, trading desks, and innovative startups. 

“Using Grid Status enhances our operational efficiency, enabling us to provide more reliable and responsive energy solutions for our members,” said David A. Naylor, President and CEO of Rayburn Electric Cooperative, a customer of Grid Status. “This innovative platform helps us gain deeper data insights, facilitate seamless data sharing and communication, and improve our ability to analyse and monitor critical information. In addition to being a customer, our investment in Grid Status underscores our commitment to utilising advanced technology to meet the evolving needs of our members and the broader north Texas community.”

“Renewable energy, AI-fueled load growth, electrification, and intensifying weather events are some of the trends making accessible data about the grid more important than ever,” said Max Kanter, CEO of Grid Status. “Our mission is to provide everyone working on a clean and reliable grid convenient access to data they can trust.”