Terabase Energy secures $130 million to expand solar technology deployment

Reuters

Thu, Mar 13, 2025, 6:23 AM 1 min read

(Reuters) - Solar exertion institution Terabase Energy announced connected Thursday it has secured a backing of $130 million, led by SoftBank, to standard its exertion deployment for ample star projects.

The backing round, the largest successful the company's history, brings Terabase Energy's full backing to $200 million. The institution did not disclose the valuation astatine which the magnitude was raised.

Despite 84% of the caller energy procreation capableness added to the United States powerfulness grid past twelvemonth coming from star and vigor storage, the assemblage faces a challenging aboriginal owed to the U.S. government's caller vigor policies encouraging fossil fuels.

U.S. task backing has besides been connected the backmost ft successful aboriginal 2025, with a fewer artificial intelligence-integrated companies making headlines.

The institution works with solar-power works developers, engineers and operation firms done its platform, which helps successful workflow digitalization and automation.

Terabase volition usage the backing successful portion to further make its robotics-assisted assembly line, Terafab, which according to the institution removes "bottlenecks successful operation velocity and workforce limitations".

The institution besides operates PlantPredict, a star modeling software, and a operation absorption level called Construct.

"The surge successful vigor demand, peculiarly from AI information centers, underscores the urgency of scalable, sustainable solutions," said Kentaro Matsui, managing spouse astatine SoftBank Global Advisers.

SoftBank, known for financing exertion companies successful a nascent stage, besides funded Terabase done its Vision Fund 2.

The institution besides counts Breakthrough Energy Ventures, Fifth Wall, SJF Ventures and EDP Ventures arsenic existing investors.

(Reporting by Pritam Biswas successful Bengaluru; Editing by Vijay Kishore)