Anode, a provider of on-demand power from battery-native, mobile microgrids, emerged from stealth with $9 million in seed funding led by Eclipse. The funding will accelerate deployments of Anode’s mobile battery energy storage system (mBESS) technology with initial customers and strategic partners.
Anode’s mBESS technology and microgrid solutions offer a superior alternative to power rental services that rely on generators and fuel delivery. With a vertically integrated business model that combines purpose-built hardware, proprietary software, and AI-powered services, Anode delivers flexible, high-performance solutions to the largest customers that rely on temporary power, including utilities, data center owners, general contractors, and EV/AV fleet operators.
“U.S. electricity consumption is growing 5 times faster than recent historical averages, and our electric grid is struggling to keep up. The rapid electrification of our economy is creating transmission bottlenecks and electricity shortfalls, increasing demands for flexible, cost-competitive, grid-independent power,” said Paul Huelskamp, co-founder and CEO of Anode. “Anode’s AI-orchestrated microgrid solutions create a new model for large electricity users who can’t wait on the grid or be held back by legacy technologies to scale their operations.”
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A Critical Inflection Point for Grid-Dependent Electricity
The profound increase in electricity demand – driven by AI data center growth, EV adoption, and industrial automation – is straining an already-aging electrical grid. Climate change magnifies the risks of business disruption to an electrifying economy. Historically, the temporary power industry has offered a stopgap in the form of generators and mobile refueling services, but these analog solutions are polluting, inefficient, and expensive.
Anode’s technology and business model create a new paradigm in the form of mobile batteries and on-demand energy delivery. Capitalizing on declining battery costs and advancements in AI, Anode can deliver energy at prices that are competitive with grid electricity and a fraction of the cost of fossil-fuel powered solutions.
A Team Built for Scale
Anode’s founding team brings together expertise in autonomous vehicle development, EV powertrain engineering, battery manufacturing, and renewable energy project finance. With a proven track record in scaling disruptive technologies, the team is uniquely positioned to reimagine the temporary power value chain, while creating a new economy for on-demand power from mobile microgrids.
“Anode is solving one of the most urgent challenges in the energy transition: Access to reliable, clean, and on-demand power,” said Jiten Behl, partner at Eclipse. “Their vertically integrated model and world-class team enable them to scale rapidly and electrify some of the most critical industries of the future. Anode is uniquely positioned to bridge the gaps in existing electrical infrastructure by delivering scalable energy solutions that will unlock growth across transportation, manufacturing, and beyond.”
SOURCE: PRNewswire