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.
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.
Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible and more sustainable. Our flagship product, Piclo Flex is the leading independent marketplace for energy flexibility services, enabling system operators (such as the ESO, UKPN and a growing number internationally) to source energy flexibility from flexible service providers (e.g. electric vehicles) during times of high demand or low supply. As of 2022, Piclo Flex has 55,000 registered flexible assets representing 16.6 GW of flex capacity, with flexibility contracts awarded totalling £58m and 1.1 GW+ of flexible capacity procured.
Piclo currently provides flexibility services in six global markets: in the UK, supporting three Distribution System Operators (UK Power Networks, SP Energy Networks, Electricity North West); and the Transmission System Operator (TSO) (The ESO); in Ireland (ESB Networks); in Italy (E-Distribuzione), Portugal (E-REDES), Lithuania (Energijos Skirstymo Operatorius AB (ESO)), and in the United States in New York State (National Grid). Aside from its leading position in the UK, Piclo has a growing presence in Europe and the USA.
Register on Piclo Flex here: picloflex.com