EDP Ventures completed the investment in Piclo.

EDP Ventures, the venture capital arm of EDP, completed the investment in Piclo, the global pioneer in the energy flexibility markets. Financial terms were not disclosed. "We are delighted to join CGF and FEV as investors in this funding round and we're thrilled to strengthen our partnership with Piclo. This collaboration will enhance our distributed energy resource assets, such as decentralized storage and industrial and residential assets, globally. With this partnership, we aim to contribute even more to the decarbonization of energy systems worldwide and explore new opportunities in flexibility markets," Frederico Gonçalves, EDP Ventures Managing Director.