In a significant financial move, VIOTAS, an Ireland-based company known for its advanced smart grid technology, has secured a €10 million growth finance facility from Claret Capital Partners. This financial support marks a pivotal step as VIOTAS looks to expand its global operations, particularly in the United States. This strategic injection of funds not only strengthens their growth trajectory but is also a testament to the trust and expectation placed upon their innovative solutions in the energy sector.
VIOTAS has consistently been at the forefront of providing energy flexibility solutions in global markets. Unlike many firms, VIOTAS combines proprietary technology and deep engineering expertise to customize its services for a range of industries, from pharmaceuticals to agritech. Over the years, VIOTAS has gained a reputation as a reliable partner for large energy users, helping them achieve grid stability while optimizing revenue from their energy assets.
What’s Next for VIOTAS?
With the recent funding, VIOTAS plans to enhance its suite of services, aiming for revenue certainty in volatile energy markets. A key focus area is their expanding presence in the U.S., marked by the establishment of their first office in Houston, Texas. This move aims to serve the Electric Reliability Council of Texas (ERCOT) market effectively. To cater to changing price dynamics, VIOTAS is quickening its pace to offer long-term benefits for customers engaged in energy flexibility programs.
How is VIOTAS Changing the Energy Landscape?
VIOTAS specializes in smart grid technology and demand-side services, allowing large energy consumers to support grid stability in real time. By integrating advanced technology, the company offers fast and scalable grid services, supporting various commercial and industrial clients globally.
“Our partnership with Claret reinforces our growth and enables us to scale with more confidence,”
said Prof. Paddy Finn, CEO of VIOTAS, highlighting how crucial the new funding is for market expansion and technological development.
With its innovative business model, VIOTAS empowers businesses across sectors like pharmaceuticals, manufacturing, and food and beverage to participate in the efficient distribution of energy resources. The company’s approach resonates with industry needs for more resilient and value-generating energy systems. Specializing further in the ERCOT market, VIOTAS strengthens its service offerings in regions experiencing significant energy market volatility.
Prof. Paddy Finn notes,
“Our expansion to date has been predominantly powered by our business strength. This facility allows us to move even faster to develop new technologies, enter new markets, and support customers with more resilient services.”
As the company presses ahead, it collaborates with global partners to foster a more sustainable energy future.
As energy demands escalate globally, firms like VIOTAS play a pivotal role in building sustainable systems. The energy transition presents both an opportunity and a challenge for industries, urging them to adopt flexible, reliable, and scalable solutions. VIOTAS remains poised to meet these demands, with its latest financial backing setting the stage for future advancements.
