Activate Capital led a $31m Series C funding round in Voltus.

Activate Capital, a private equity firm, led a $31m Series C funding round in Voltus, a provider of renewable energy generation services. The round had participation from investors NGP Energy Technology Partners III, Prelude Ventures and Ajax Strategies. "We intend to use this round of funding to help monetize additional megawatts of DERs in wholesale markets through product partnerships in sectors with long-term electrification potential, including electric vehicles, microgrids, smart thermostats, and solar plus storage. We believe Voltus is helping to accelerate one of the biggest industry paradigm shifts in history, as the estimated $3.2 trillion of global electricity spend moves toward distributed and intelligent energy. We believe DERs are poised to deliver superior economic, reliability, and sustainability benefits, transforming the grid, and our lives, for the better," Gregg Dixon, Voltus CEO.