Japan Energy Fund announces investment in Leap, provider of an energy market access platform designed for distributed energy resources – Japan Energy Fund
Summary
We believe that Leap’s technology has the potential to help further innovation in the energy industry, and is an important step on the road to net zero. In their recent Series B round, Leap raised 33.5M USD, which was led by Park West Asset Management (US investment firm), followed by Climate Capital, Union Square Ventures, Congruent Ventures, National Grid Partners, and more. Working with the technology and service providers who manage and operate grid-connected devices, Leap automates energy market access and creates new value streams for its partners and their customers. This empowers these devices to provide stability to the grid while enabling new revenue streams for asset owners. By aggregating flexible loads from a wide array of distributed energy resources (DERs) to support the grid, Leap accelerates the ability to phase out the more expensive fossil fuel-powered peaker plants the grid currently relies on.
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