Limerick-based VIOTAS, a provider of smart grid demand response services, has announced a €10 million growth finance facility led by Claret Capital Partners. The funding will significantly bolster VIOTAS's international expansion efforts, focusing on developing new services and enhancing its technological capabilities to better serve customers in volatile energy markets. This investment will allow VIOTAS to accelerate its growth in existing markets like Australia and solidify its recent entry into the U.S. Texas ERCOT market.
VIOTAS's technology empowers large energy users to support grid stability while generating additional revenue. The company has largely self-funded its growth to date, demonstrating strong commercial performance. This new funding will allow them to further develop their innovative technologies, enter new markets, and provide more resilient services to their customers.
The investment highlights the growing importance of smart grid technologies and demand-side flexibility in creating a more sustainable and responsive energy future. Claret Capital Partners recognizes VIOTAS as a key player in this global market, and their investment underscores the company's potential for continued success and innovation.
The funding will also support the development of services designed to help customers navigate price volatility in markets like Australia, ensuring more stable, long-term value from participation in energy flexibility programs. This strategic investment positions VIOTAS for significant growth and expansion in the global smart grid market.
