Emerald AI Raises $150M to Scale Flexible Data Centre Power

Emerald AI has successfully raised $150 million in an oversubscribed Series A financing round, valuing the company at $1.05 billion. The investment was led by Energize Capital and DCVC, alongside strategic investors from the global energy and technology sectors. Notable investors include 12 Fortune Global 500 companies who are also part of Emerald AI’s Strategic Advisory Board. The company will use the funds to expand its operations worldwide and accelerate commercial deployments.

Emerald AI specializes in developing software that makes data centres grid-responsive. Its Emerald Conductor platform manages AI workloads and onsite energy resources, adjusting power consumption during stress periods on electricity grids while preserving critical AI computing tasks. This approach has the potential to unlock over 100 gigawatts of capacity from the existing US power grid, addressing the rapidly increasing electricity demands of AI data centres.

The company has completed five demonstrations across the US and London, with additional tests in Oregon and London. These demonstrations, conducted with partners like NVIDIA, EPRI, Oracle, Nebius, and National Grid, have now transitioned into commercial deployment. Emerald AI's software is currently operating at a full data centre in California, demonstrating flexible power consumption during grid strain.

The company is also planning larger-scale deployments, including a partnership with Silicon Valley Power for a flexible interconnection program, which allows data centres to access additional grid capacity in exchange for providing dispatchable power flexibility.