Critical Loop Secures $26M Funding to Accelerate Industrial Power Connections
Critical Loop has raised $26 million in Series A funding, bringing total financing to $49 million, to expedite grid connections for industrial sites. With over 10,300 projects awaiting power grid interconnection in the U.S., the company's modular microgrid technology addresses critical delays faced by businesses.
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Critical Loop, a power solutions company based in California, has completed a $26 million Series A funding round, increasing total financing to $49 million. The funding, led by Conifer Infrastructure Partners and Hanover, will expand operations beyond California to address grid interconnection delays impacting industrial customers.
The company offers a modular microgrid platform that combines battery storage and on-site generation, utilizing the Cygnus software controller to manage power supply. This approach allows for power delivery in days or weeks, compared to traditional timelines of over four years.
The CLB-5100, a 1 MW integrated battery system, is designed for mobility and can be relocated as grid capacity changes. Critical Loop is positioned to support growing demands from sectors like data centers and EV charging networks while working under new California regulations for faster grid connections.
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