Voltus to po public via a SPAC merger with Broadscale Acquisition in a $1.3bn deal.

Voltus, a distributed energy resource software technology platform, agreed to po public via a SPAC merger with Broadscale Acquisition in a $1.3bn deal. PIPE investors include Equinor Ventures, Belfer Management, Solanas Capital, Ev Williams, Activate Capital and Ajax Strategies. “Our partnership with Broadscale will accelerate our mission at a time when the world needs solutions to modernize global electricity grids and solve the increasingly complex and frequent challenges associated with climate change. Our platform orchestrates and monetizes DERs, creating the balancing resource needed to support an increasing reliance on renewable energy sources, a critical prerequisite to effecting the full clean energy transition. We couldn’t be more excited to reach this inflection point through the combined efforts of our team, our customers, and our investors," Gregg Dixon, Voltus CEO.