Edgecom Energy has secured an investment round led by Greensky Ventures, with additional backing from ABB Electrification Ventures. This funding will help Edgecom Energy’s entry into new energy markets and drive the development of its AI Energy CoPilot.
Read the full press release here.
Edgecom Energy Addresses the Complex Challenges of Energy Management
The global energy landscape has become increasingly complex. As a result, commercial and industrial facilities face challenges in managing energy usage. Rising energy costs, regulatory pressures, and the growing need to integrate distributed energy resources (DERs) have created a demand for smarter, scalable solutions.
Edgecom Energy is a leader in tackling these challenges. Edgecom Energy combines Energy Management Information Systems (EMIS) with advanced grid programs and leveraging generative AI capabilities. Their AI Energy CoPilot platform enables facilities to optimize energy consumption, implement demand flexibility, and achieve cost savings. The platform empowers facilities to reduce emissions and enhance operational efficiency by streamlining energy management processes. Both are necessary steps toward achieving net-zero goals.
A Shared Vision for a Sustainable Future
The collaboration between Edgecom Energy, Greensky Ventures, and ABB Electrification Ventures reflects a shared commitment to advancing sustainable energy solutions.
“The urgency for energy efficiency has never been greater,” said Behdad Bahrami, Edgecom Energy Co-Founder and CEO. “This funding propels us to deliver tangible, immediate impact today while equipping our clients to stay ahead of the curve and ready for the future of energy consumption and optimization.”
About GreenSky Ventures
GreenSky Ventures is an award-winning Toronto-based firm that invests in early-stage Canadian technology companies through its affiliated venture capital fund, GreenSky Accelerator Funds I – VI. GreenSky principals bring a combination of experience in technology, entrepreneurship, law, and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greensky.vc.
About ABB
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 105,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com
About ABB Electrification
ABB Electrification is a global technology leader enabling the efficient and reliable distribution of electricity from source to socket. With more than 50,000 employees across 100 countries, we collaborate with our customers and partners to solve the world’s greatest challenges in electrical distribution and energy management. As the energy transition accelerates and electricity demands grow, we are electrifying the world in a safe, smart and sustainable way. At ABB, we are engineered to outrun, and we are passionate about helping our customers and partners do the same. go.abb/electrification
About Edgecom Energy
Edgecom Energy is a Toronto-based energy management software and solutions provider. The company’s platform takes a holistic approach to energy management, covering peak demand predictions, demand response, real-time monitoring, and distributed energy resource management. Edgecom’s unique platform leverages AI to accelerate data collection and decision-making, providing its customers with a cutting-edge AI Energy CoPilot. Learn more at edgecom.ai.
