When we founded Euclid Power four years ago, we did so with a clear mission: accelerating the world’s transition to renewable energy so that we can decarbonize the planet as fast as possible. Today, we're excited to share that we have raised a $20 million Series A, led by Venrock, which will be instrumental in helping us execute that vision.

We’re facing a generational moment for technology, power, and climate change. Fueled by the rapid buildout of AI data centers, resurgent manufacturing, and transportation electrification, U.S. electricity demand is estimated to grow 25 percent between today and 2030—a sharper increase than any in the past 30 years. This surge in power demand has left utilities scrambling to find enough power to supply an already strained grid and consumers paying higher electricity bills. It's also made it more difficult for us to meet our collective climate goals as utilities keep expensive, outdated fossil fuel infrastructure online to fill urgent gaps.

Faster deployment of renewable energy is America’s best option to respond to this dilemma. The need to dispatch quick, proven, and scalable energy solutions has never been greater. While the One Big Beautiful Bill Act (OBBBA) presents real challenges, don’t believe all the hype on regulatory headwinds: Renewable energy remains the cheapest and fastest source of new power, even without federal subsidies, and is on track to deliver 93 percent of power buildout this year.

Euclid drives this growth. As the industry’s leading operating system, Euclid empowers renewable energy teams to move projects forward faster and fill the widening gap between capacity and demand. With years of firsthand experience as developers, investors, and builders of renewable energy projects, we know how to tackle crucial problems every step of the way.

While deploying $3 billion of renewable energy projects together at Goldman Sachs, my co-founders Ryan, Brian, and I saw firsthand how legacy technology, sparse industry expertise, and unforced errors made our industry catastrophically slower than it needed to be. Sixty percent of renewable energy projects face multi-month delays, and thirty percent are cancelled altogether, costing the industry millions of dollars per project. Euclid grew out of a simple belief—that developing, building, and financing renewable projects shouldn’t be this hard. Since then, we’ve supported over 1,000 solar and storage projects, representing $10 billion in value, and built a platform used by many of the country’s largest developers, investors, and IPPs to do diligence and transact on portfolios in days instead of months.

Euclid combines AI-powered workflows with knowledge from the industry’s leading experts to turn thousands of scattered documents, emails, and spreadsheets into structured, reliable processes and insights. In short, we help developers and investors focus on what they do best: building and financing clean power.

With this Series A, we’re scaling our platform and services suite to meet the urgency of the moment. We have exciting new platform features that give teams more control and precision for transactions and financing; our development and program management services enable small teams to get big projects done; and we have compliance offerings to help ensure projects stay compliant for tax credits through new regulatory hurdles. And that’s just the start.

This milestone wouldn’t have been possible without our incredible team, who’ve built Euclid with grit, creativity, and belief. Nor without the trust of our customers, who have let us be their partner on billions of dollars of marquee projects. While it’s been four years, and we’ve grown from three founders to over 100 Euclideans, in many ways it still feels like Day 1.

We’re grateful to our investors who continue to see our vision for the future: Venrock, Spero Ventures, HSBC Asset Management, Toba Capital Ventures, Coalition Operators, Commonweal Ventures, Designer Fund, Avesta Fund, Nextview Ventures, Susquehanna Sustainable Investments, and MCJ Collective.

This is just the beginning. The grid is in crisis, but we believe in a future of reliable, affordable, and—yes—abundant clean power. Euclid is here to enable it.

— Jacob Sandry, CEO

For press inquiries, reach out to press@euclidpower.com