Firm Led By Former NRG VP Raises $3.5M To Facilitate Large End User Sales Into Power Markets
Blueprint Power, which describes itself as a real estate and energy tech company, announced today that it has closed a $3.5 million Series A funding round led by Congruent Ventures, MetaProp Ventures, Fred Wilson, and Brad Burnham.
Founding investors Lennar and Fifth Wall Ventures participated alongside other investors including 174 Power Global (a subsidiary of Hanwha Energy), Craig Robins (DACRA) and Urban.us and URBAN-X (BMW/MINI accelerator).
Blueprint Power said, "Blueprint Power has developed an innovative platform to help buildings sell their excess electricity into a growing number of competitive energy markets, a previously untouchable opportunity for the real estate community. Blueprint's machine-learning platform transforms buildings into producers of surplus energy by connecting to and managing onsite assets such as solar, battery storage, cogeneration, fuel cells, thermal storage and controllable loads. The company's marketplace software receives price signals and dynamically matches supply to the best source of revenue, turning buildings into virtual power plants."
The Blueprint Power team includes: Robyn Beavers, co-founder and CEO (formerly of Google, Vestas, NRG and Lennar); Claire Woo, co-founder and head of technology (formerly of Bosch and NRG); Nicholas Squires, co-founder and head of systems integration (formerly of Boeing); Nicholas Schmidt, VP of engineering (formerly of United States Air Force and Boeing); and Savannah Goodman, product manager (formerly of Tesla).
Specifically, Beavers previously served as Senior Vice President of Innovation at NRG Energy