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Launch of GridFree AI Enables Rapid Data Center Deployments

Launch of GridFree AI Enables Rapid Data Center Deployments

June 3, 2025 Craig Etkin

Former BP and Microsoft executives lead the full stack platform

HOUSTON–(BUSINESS WIRE)–GridFree AI, the latest company incubated by Montauk Climate, emerges with a novel end-to-end data center infrastructure solution that dramatically reduces development timelines. The company today announced it has raised $5 million in funding led by Giant Ventures, with participation from Amplo. GridFree AI is led by a former BP executive and a senior global leader from Microsoft.

A New Model for Rapid Data Center Deployment

At the core of GridFree AI’s innovation is the Power Foundry™ platform, which seamlessly integrates grid-independent power, battery storage, and cooling with data center infrastructure. This groundbreaking approach facilitates the rapid global expansion of AI and cloud computing systems, enabling the deployment of computing resources in previously inaccessible locations. The initial selected sites are situated in jurisdictions with favorable regulations, abundant natural gas, land, and fiber, all within proximity to carbon storage infrastructure to support net-zero operations.

A Leadership Team with Synergistic Strengths

GridFree AI was cofounded by Patrick Yantz, a former Global Edge Operations leader at Microsoft with over 25 years of hands-on experience in building, operating, and evolving hyperscale and modular data center infrastructure, and by Ralph Alexander, former Chairman and CEO of Talen Energy and former CEO of BP’s Global Gas, Power, and Renewables unit. The entire leadership team brings together unique expertise in energy systems integration, computing infrastructure, and harnesses unique cross-disciplinary expertise to transform innovative concepts into practical and scalable solutions designed for the AI era.

Patrick Yantz commented: “Our team unites the strengths of critical industries striving to address AI growth challenges to provide the comprehensive solutions our customers need. Our Power Foundry™ brings proven power and cooling industrialization and scale to the data center industry with unparalleled efficiency while maintaining familiar reliability and resiliency. This marks a new era for computing infrastructure, and we’re proud to lead the way.”

Power Foundry™ Platform Advantages

The Power Foundry™ platform accelerates compute revenue by 3-5 years vs. the grid. The platform is designed to deliver grid-independent computing infrastructure by converting natural gas into electricity and cooling with upwards of 90% efficiency, far surpassing 36% from the grid. Unlike the grid, Power Foundry™ delivers constant power and simplifies the building and maintenance of data centers, resulting in a 1/3 reduction in CAPEX and OPEX through the elimination of legacy infrastructure. The efficiency of the overall solution enables a 50% increase in available power for IT loads, enabling the deployment of more computing capacity and increasing the revenue potential of each data center. The platform is designed for flexibility, supporting both greenfield sites and expansions in areas with unreliable grid access, and is engineered for future integration with next-generation energy sources such as Small Modular Reactors (SMRs).

Tommy Stadlen, Founding Partner at Giant Ventures, commented: “GridFree AI enables the century’s two great megatrends – AI and energy efficiency. US energy demand is surging for the first time in two decades. We urgently need energy efficient data centers that can roll out radically faster if the West is to win in the AI era. That’s why we’ve backed this uniquely experienced founding team.”

Modular, Transportable, and Data-Driven

GridFree AI’s team of seasoned experts seamlessly integrates industry modularization into their engineered solutions, enabling flexible deployment strategies on land or sea. Each installation generates operational data that feeds into the company’s optimization systems, creating a network effect that continuously enhances platform performance. Real-time optimization across deployments further boosts efficiency, setting GridFree AI apart from conventional solutions.

Philip Krim, Co-Founder and CEO of Montauk Climate, added: “At Montauk Climate, we recognize that the race to scale AI is ultimately a race to deliver the energy and infrastructure that powers it. We supported GridFree AI because their breakthrough platform combining advanced energy technologies with rapid, modular deployment meets the unprecedented demand for computing capacity. By uniting proven leaders from technology and energy, GridFree AI is uniquely positioned to deliver pragmatic, scalable solutions that enable AI’s growth.”

Growing Interest from Hyperscale Customers

GridFree AI is engaged in discussions with major industry players about potential partnerships as the need for rapid, flexible, and efficient computing capacity continues to rise. The company’s approach has been validated by organizations seeking to scale infrastructure quickly while retaining adaptability for future technology integration.

About GridFree AI

GridFree AI leads innovation in infrastructure with its Power Foundry™ technology, the result of a collaborative vision from leaders with expertise in energy, hyperscalers, and large-scale project delivery. GridFree AI’s integrated solution eliminates dependence on established electrical grids and accelerates deployment through optimized data center architecture, greatly enhancing operational efficiency. The company serves hyperscale computing enterprises, colocation facilities, and organizations focused on artificial intelligence, enabling swift infrastructure establishment in previously unviable locations.

About Montauk Climate

Montauk Climate is a venture studio and fund that builds and invests in companies of consequence that will thrive in the emerging Electron Economy. The electron is now the fundamental building block of our modern economy – powering AI, electrifying homes and buildings, and reshaping mobility and supply chains. We leverage our expertise in emerging technologies, capital markets, infrastructure, and sustainability to drive exceptional outcomes.

About Giant Ventures

Giant Ventures is a multi-stage venture firm backing purpose-driven technology founders addressing climate, health, and inclusive capitalism across the UK, US, and Nordics. The firm has a consistent record of partnering with experienced entrepreneurs behind leading technology companies.

About Amplo

Amplo is a global venture capital platform focused on building impactful companies. Its portfolio spans six continents and includes over 50 companies across financial technology, artificial intelligence, education, mental health, and software industries.

Contacts

Media
Prosek Partners for Montauk Climate
Pro-montaukclimate@prosek.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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According to state and local development sources, VA Houston Healthcare System plans to invest $31 Million to build out 66,612 square feet of new space in Beaumont. The company plans to occupy the new space at 3295 College in Beaumont, on or about February 1, 2027. The Beaumont VA Clinic which was authorized and funded through the PACT Act, or the Honoring our Promise to Address Comprehensive Toxics Act of 2022, will be located at 3295 College Street in Beaumont. The new clinic will be almost double the amount of space in the current Beaumont Outpatient clinic.  

In a statement Frank Vazquez, Houston VA Medical Center Director said, “We are excited to expand our services in Beaumont to provide our Veterans with a modern healthcare clinic that caters to their needs.” “The more services we can offer in our new VA Clinic, the less the Veterans will need to travel to Houston for specialty medical care.” “We are truly committed to ensuring our southeast Texas Veterans receive the top-quality healthcare they deserve as quickly and conveniently as possible.” “Our goal is to provide as much health care as possible to our Veterans here in Beaumont and our new clinic will allow us to expand and will be modern and updated.  We can’t wait to get it up and running.” 

Construction is set to begin in the coming months to renovate and build out the new clinic, with an anticipated opening date set for early 2027.  Earlier this year, Houston VA announced the beginning of a new shuttle service for Southeast Texas Veterans who need to get to the VA hospital in Houston for treatment.  The shuttle service offers Veterans a free ride to and from the Houston VA on weekdays. Veterans can catch the free shuttle each weekday morning at the Beaumont VA Outpatient Clinic.  

According to the company website VA Houston Healthcare System provides health care services to Veterans at 13 locations in southeast Texas. The VA Houston Healthcare System provides you with outstanding health care, trains Americas future health care providers, and conducts important medical research. At the VA Houston Healthcare System, were dedicated to improving the lives of Veterans and their families every day. The VA Houston Healthcare System is one of the leading health care systems serving Veterans in the South Central VA Health Care Network. Were an innovative care center within the Veterans Integrated Service Network 16 (VISN 16), which includes medical centers and clinics in Mississippi, Louisiana, Arkansas, Oklahoma, southeast Texas, and northwest Florida.
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