Software is eating renewable energy markets: cleantech investment roundup

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Here are five companies that have raised more than $50 million in funding in recent days — with an emphasis on solving renewable energy problems with software. September 13, 2020 Eric WesoffUtility solar software gets $6 millionTerabase Energy is on a mission to drive down utility-scale solar power prices to below $0.01 per kWh by 2025. Using its software, automation and “digital-twin” modeling, the new company aims to modernize solar power-plant optimization.The startup just closed a $6 million Series A round to further develop its platform — led by SJF Ventures along with follow-on investments from Powerhouse Ventures, CityLight Capital and Trancoso Partners.Matt Campbell, the company CEO, told pv magazine that while solar hardware has gotten cheaper — soft costs have been stubborn and a more significant piece of the total project cost (a similar situation to the residential and commercial solar segments.)The startup is cofounded by SunPower alums: CEO Matt Campbell, Chris Baker, Amine Berrada, Dan Cohen, Pierre Gousseland and Thang Le. When SunPower exited the utility-scale business in 2019, the startup effectively spun out the core utility-scale team and acquired some relevant intellectual property from the solar pioneer.Terabase is no stranger to world-record low, utility-scale solar pricing — the startup recently provided digital and engineering services …

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