Funding arrives amid rising U.S. power demand and new solar compliance hurdles.

NEW YORK–(BUSINESS WIRE)–Euclid Power, the operating system for renewable energy project development, financing, and operations, today announced a $20 million Series A round led by Venrock, with participation from HSBC Asset Management and existing investors including Spero Ventures, Toba Capital, Designer Fund, and Commonweal Ventures.

The raise comes as surging energy demand from AI strains an already stressed grid, while new federal compliance rules threaten to slow the renewable deployment needed to meet this demand. Euclid’s platform and services suite give renewable energy teams the clarity, speed, and control they need to keep projects moving.

Founded in 2021 by energy industry insiders Jacob Sandry, Ryan Guay, and Brian DeMaio, Euclid is already embedded in more than 1,000 solar and storage projects across the United States, helping developers, investors, and asset owners cut diligence and transaction timelines from months to days. Clients including UBS, Catalyze, and Apollo Global Management rely on Euclid to identify risks early, maintain audit-ready documentation, and close deals faster — without sacrificing precision.

The United States is facing an unprecedented power crisis. Fueled by the rapid buildout of AI data centers, resurgent manufacturing, and transportation electrification, U.S. electricity demand is estimated to grow 25 percent by 2030 — and utilities are left scrambling to find enough power to supply that already strained grid.

Fast deployment of renewable energy is the United States’ best option to respond to this dilemma. Despite regulatory headwinds, renewable energy remains the cheapest and fastest source of new power, on track to deliver 93 percent of power buildout this year. Euclid fuels 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.

“Euclid has transformed our ability to execute deals,” said Stephen Owen, Senior Vice President at Catalyze. “What once took weeks of manual document chasing now happens in days — accurately, transparently, and with the right people aligned from the start.”

This new capital will accelerate Euclid’s AI-enabled workflows, expand its product suite, and strengthen its services team to meet the market’s demand for speed at scale.

Euclid serves as a single source of truth for renewable energy teams, transforming scattered project documentation into actionable intelligence. Its AI engine automatically tags documents, extracts key data points — cost lines, deadlines, risk indicators, and more — and collates them into a single, up-to-date source of project information. Euclid’s disciplined workflows and strategic guidance refined more than 1,000 projects, help identify critical opportunities and risks when they matter most.

“With this round, we’re scaling to meet the urgency of the clean energy transition,” said Jacob Sandry, CEO of Euclid. “Our customers are navigating regulatory friction and market uncertainty every day to supply power that people desperately need. We help them move through that complexity faster, with the precision their projects demand.”

Since its inception, Euclid has onboarded more than 12 gigawatts of solar and storage capacity, and supported over $10 billion in renewable energy investments. Clients use Euclid to cut transaction timelines by as much as 60 percent, stay ahead of regulatory requirements, and manage portfolios with confidence. Euclid doubled its enterprise client list in just the first quarter of this year, and will continue to help renewable energy teams develop more projects faster in response to rising demand for power.

“What makes Euclid exciting is how their team has transformed renewable energy project management. In a market where developers face increasingly complex compliance requirements, customers actively prefer paying Euclid to handle critical workflows rather than just accessing tools,” said Ethan Batraski, Partner at Venrock. “The Euclid team brings decades of experience in the industry, with a vision to unlock gigawatts of new energy resources by fundamentally changing how deals get done.”

About Euclid
Euclid empowers renewable energy teams to accomplish in days what typically takes weeks by uniting technical, commercial, and financial expertise with purpose-built software. Euclid’s disciplined workflows — refined through more than 1,000 projects and over 12 gigawatts of solar and storage experience — deliver precision, quality, and speed without the chaos. Founded in 2021, Euclid is backed by investors including Venrock, HSBC Asset Management, Spero Ventures, Toba Capital, and Designer Fund. For more information, visit www.euclidpower.com.

Contacts

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