Tyba raises $13.9M Series A to improve energy storage project profitability
- Editor
- Feb 6
- 2 min read
What's Happening: Tyba, an energy storage optimization platform, has secured $13.9 million in Series A funding led by Energize Capital. The investment will help Tyba scale its AI-enabled solution for energy forecasting, trading, and optimization, which aims to maximize revenue for energy producers and support grid reliability.
The Key Moves:
Tyba's total funding now reaches $18.15 million with investments from new and existing backers.
The company's platform is used to operate over 1GWh of storage assets in Texas and California.
Tyba's Project Simulation product has modeled over 100GW of projects, securing over $1 billion in funding.
By The Numbers :
Tyba has tripled its customer base in the past year.
U.S. battery storage capacity has grown 6x in the last three years, reaching an estimated 30GW.
Tyba's solution is delivering revenue outcomes in the top 5% of assets.
Key Quotes:
"Tyba is the autopilot system for batteries. Our platform forecasts opportunities, executes automated dispatch and bidding strategies, and provides the visibility and control needed for traders and asset managers to manage their facilities profitably and at scale," said Michael Baker, CEO & Co-founder of Tyba.
"TotalEnergies is rapidly growing our generation portfolio, and Tyba's platform has been key to maximizing our asset's performance," said Michael Heitmann, Head of US Short Term Power for TotalEnergies.
"Tyba's solution tackles this challenge head-on, leveraging AI to enhance the profitability of battery storage by facilitating development decision-making and optimizing dispatch strategies," said Tyler Lancaster, partner at Energize Capital.
The Bottom Line: Tyba's Series A funding underscores the growing importance of software solutions in the clean energy transition. As battery storage capacity expands rapidly, Tyba's AI-driven platform aims to address the complex challenges of managing and optimizing these assets, potentially reshaping how energy companies approach profitability and grid support in the evolving power market.
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