AI-powered capacity management platform Gridsight has raised $36 million in Series B funding to accelerate its US expansion while supporting continued growth in Australia.
US electricity demand is rising after 15 years of stagnant growth, driven by AI data centers, EV uptake, and electrification. But new construction alone cannot meet this growing demand, with regulators shifting incentives toward better use of existing grid capacity.
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The opportunity lies within existing networks, where Gridsight says much as three-quarters of grid capacity goes unused on average.
“The grid’s capacity challenge is not uniform,” Gridsight co-founder and CEO Brendan Banfield said.
“For the majority of the year, significant capacity exists; but it is uneven, dynamic and geographically dependent. Our platform helps utilities quantify that capacity, connect customers faster and direct investment to the pockets of the grid that maximise its impact.
“Our goal at Gridsight is to use data and intelligence to ensure energy is an enabler for economic and technological progress, not its limiting factor.”
In Australia, Endeavour Energy deployed Gridsight’s unified capacity management platform for real-time solar management, doubling static solar export capacity for households from 5kW to 10kW paired with real-time dynamic control to protect the local grid.
This program is expected to unlock more than $100 million in value for customers and 600MW of additional solar capacity for the grid.
Gridsight is already working with leading US utilities, including Xcel Energy and United Illuminating, an Avangrid subsidiary.
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Gridsight’s Series B funding round was led by Insight Partners, with participation from Galvanize and existing investors Airtree, Energy Transition Ventures and Aera VC.
