SAN FRANCISCO, CA, Leap, the leading virtual power plant (VPP) platform, has secured additional equity financing from Presidio Ventures.
Leap has secured additional equity financing from Presidio Ventures, bringing Leap's total B-EXT funding to $16 million after a round announced in July 2023.
Leap is the leading platform for generating new value from distributed energy resources (DERs) through integration with energy markets. Through its software-only solution, Leap facilitates fast, easy and automated access to high-value grid services revenue streams for the providers of batteries, electric vehicle charging, smart thermostats, HVAC systems and other flexible assets. By aggregating the DERs enrolled on its platform, Leap supplies virtual power plants (VPPs) to balance the grid. Leap enables its partners and their customers to unlock new value streams and help create a more flexible, resilient grid powered by renewable resources.
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