Tyba raises $13.9M Series A to improve the profitability of energy storage projects
Summary
For the companies building and operating battery storage facilities, figuring out how to maximize the value of their assets and maintain a competitive edge remains a constant challenge," said Michael Baker, CEO & Co-founder of Tyba. This ensures profitability with less oversight, freeing teams to focus on developing the next wave of energy storage systems, which can be designed using Tybas Project Simulation product. Tybas solution tackles this challenge head-on, leveraging AI to enhance the profitability of battery storage by facilitating development decision-making and optimizing dispatch strategies. This approach helps their partners - including TotalEnergies, White Pine Renewables, and Linea Energy - maximize project revenue and sustainably scale their portfolios. Anchored by founding partner Invenergy, the firm is backed by strategic, institutional, and impact LPs including CDPQ, Credit Suisse, GE Vernova, Xcel Energy, Caterpillar, HASI and more.