ElectronX raised $10M in a strategic funding round led by Systemiq Capital to accelerate the U.S. grid transition to renewable sources.

Feb 20, 2025•10 months ago

Amount Raised

$10 Million

ChicagoEnergy

Investors

Innovation EndeavorsShell Ventures LlcEquinor VenturesSystemiq Capital

Description

ElectronX, a new energy exchange, has successfully raised a $10 million strategic investment round with participation from Equinor Ventures, Shell Ventures and Innovation Endeavors. This funding aims to enhance regulated financial infrastructure for electricity providers and consumers amidst increasing price volatility.

Company Information

Company

ElectronX

Location

Chicago, Illinois, United States

About

ElectronX (EXI) is a U.S.-regulated energy exchange created to address volatile short-term price exposure to electricity. With locations in Chicago and New York City, ElectronX is helping to expand the nation's power grid by building the financial infrastructure and risk management tools necessary to support increased investment in energy generation, renewable resources, and battery storage technology. ElectronX is proud to be supported by premier venture capital firms including Innovation Endeavors, Systemiq Capital, Equinor Ventures, Shell Ventures, DCVC, Amplo, BoxGroup and Lightning Capital.

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Funding Insights

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