Recurve Raises $18M in Series B Funding

Recurve, a Mill Valley, CA-based open-source platform that enables planning, procurement, and demand flexibility for virtual power plants, raised $18M in Series B funding. Led by Matt Golden, CEO, Recurve provides an open-source platform and revenue-grade data that creates demand flexibility markets enabling virtual power plants, giving utilities and aggregators the confidence to treat distributed energy resources as grid assets. In partnership with MCE, Recurve created the first FLEXmarket to connect solution providers (otherwise known as “aggregators”) to markets that pay for the grid value of their projects. FLEXmarket provides market access to new technologies and innovative business models by paying for performance based on how users reshape or reduce load during high-demand periods when the grid is most at risk of an energy shortfall. In order to optimize demand flexibility technology, Recurve is working across the country and internationally to utilize newfound telemetry from recent smart-meter investments.