Latest news with #Wattch
Business Wire
6 days ago
- Business
- Business Wire
Wattch Secures $6 Million in Seed Round Led by Spero Ventures and Christopher Klaus to Expand Energy Management Solutions
ATLANTA--(BUSINESS WIRE)--Wattch, a leading monitoring and controls provider for commercial and distribution-scale solar and battery storage, has secured $6 million in Seed funding from prominent cleantech investors. The investment round was led by Spero Ventures with participation from cybersecurity pioneer Christopher Klaus. Additional energy industry investors include former CEO of GE Power Steve Bolze and Helioscope Founder Paul Grana. As part of this investment, Marc Tarpenning, co-founder of Tesla and Venture Partner at Spero Ventures, and Michael Chanin, the founder of Cherry Street Energy, have joined Wattch's board of directors. "Wattch is working to radically reduce deployment time and cost with the first hybrid SCADA platform purpose-built for DERs." The funding will accelerate Wattch's mission to transform how developers, utilities, and independent power producers operate and optimize their energy assets through its next-generation cloud platform and connected hardware solutions. Specifically, the capital will enable the company's strategic go-to-market expansion into the rapidly growing grid-scale battery storage market and support continued development of comprehensive Energy Management System (EMS) capabilities. "This investment represents a strong vote of confidence in our vision and technology," said Alex Nussey, CEO and co-founder of Wattch. "We are at an inflection point where the energy industry is experiencing increasing penetration of intermittent and distributed assets. This complexity demands unified digital control solutions that are both simple and repeatable enough to be deployed at scale. Wattch is working to radically reduce deployment time and cost with the first hybrid SCADA platform purpose-built for DERs." In its recent releases, the company has enhanced its platform with advanced EMS features, including autonomous economic optimization, scheduled operation, and manual dispatch. These new capabilities complement Wattch's legacy suite of monitoring, performance analysis, and diagnostic controls solutions, providing customers with an unprecedented level of visibility and control over their energy infrastructure. Wattch plans to use the funds to expand its engineering and project implementation teams, accelerate the time-to-market for its advanced controls capabilities, and drive customer acquisition across developers and independent power producers. About Wattch Wattch enables observability, intelligence, and control for renewable energy systems of all types and sizes. As an emerging leader in Grid Edge platforms, the company serves customers in the solar, battery storage, and hydroelectric spaces, with wide-ranging potential applications. Wattch aims to provide transparency and interoperability for every device in the world that produces, stores, or consumes energy. Learn more at and on LinkedIn. About Spero Ventures Spero Ventures is an early stage venture capital firm that invests in the things that make life worth living: wellbeing; sustainability; learning, work, and play. We're a team of former startup founders, operators, and investors from landmark companies including eBay, Tesla, and Stripe. We invest in determined founders building mission-driven technology companies. We are conviction-based investors who play the long game. About Christopher Klaus Chris Klaus is the founder and CEO of Fusen, a platform empowering college students to launch startups by connecting them with mentors, funding, and accelerators. A visionary entrepreneur, Klaus previously founded ISS (acquired by IBM for $1.9B), and he continues to drive innovation through education, technology, and mentorship.
Business Wire
16-07-2025
- Business
- Business Wire
Wattch to Support Standard Solar in Advancing Asset Management for Growing Portfolio
ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leading commercial and community solar developer and asset owner, today announced it is working with Wattch, a next-generation provider of cloud-based energy monitoring, intelligence, and controls solutions. Strengthening observability and dispatchability is a move that will enable Standard Solar to operate more efficiently, adapt to evolving market conditions and meet the increasing operational demands of a dynamic energy market. Under the agreement, Standard Solar will migrate approximately 370 Megawatts (MW) of its existing portfolio to the Wattch platform and leverage Wattch's hardware, software, and services to support additional solar and storage developments planned over the next few years. We partnered with Wattch due to their commitment to data quality, control and integrated SCADA—capabilities essential for modern, resilient energy operations. Share 'We partnered with Wattch due to their commitment to data quality, control and integrated SCADA—capabilities essential for modern, resilient energy operations,' said Rick Berube, Chief Operations Officer, Standard Solar. 'Their platform equips our team with the visibility and functionality to optimize performance and make faster, more informed decisions.' The partnership was driven by Wattch's industry-leading features, including the Wattch Digital Twin that enables deeper insights into sources of energy loss, cloud-based diagnostic tools that facilitate remote issue identification and resolution, and rapidly developing capabilities in automated battery monitoring and controls. Additional factors in Standard Solar's decision included Wattch's comprehensive API that seamlessly connects with the tools and databases in the company's current tech stack and the platform's ease of installation and ability to support low-cost monitoring retrofits on existing sites. 'We couldn't be more excited to expand our relationship with Standard Solar,' said Alex Nussey, Co-Founder and CEO at Wattch. 'Their extensive experience in renewable energy asset management, combined with our engineering team's commitment to innovation, will drive the continuous improvement of our platform. This partnership ensures we're building solutions that address the real operational challenges our customers face every day.' About Wattch Wattch enables observability, intelligence, and control for renewable energy systems of all types and sizes. As an emerging leader in Grid Edge platforms, the company serves customers in the solar, battery storage, and hydroelectric spaces, with wide-ranging potential applications. Wattch aims to provide transparency and interoperability for every device in the world that produces, stores, or consumes energy. Learn more at and on LinkedIn. About Standard Solar Standard Solar is powering the nation's energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar and solar + storage to businesses and institutions, farms, governments, communities and utilities. Building on 20 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in developing, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 500 Megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, one of the world's largest owners and operators of renewable power and climate transition assets. Learn more at LinkedIn and on X: @StandardSolar.
