As per ESG Today, California-based Splight offers AI-powered solutions that can enable companies to deploy clean power at large scale on the energy grid. Specifically, the company's software solution helps decongest the energy grid, which can get overwhelmed by the amount of energy injected by renewables, as current management methods can leave up to 50% of the capacity unused. Grid congestion, as per Splight officials, can lead to wasting as much as 40% of the clean power that we can produce.

Using real-time data and machine learning algorithms, the company enables commercial grid-scale renewable plants to be connected quickly, so they start producing and injecting energy as soon as possible.

Fernando Llaver, CEO of Splight said that "our technology is proven and commercially viable: we are solving grid congestion while adding reliability. It can be deployed fast enough to inject more than 3,000 GWs of clean energy within months.”

The 12 million USD funding received will enable the company to expand its presence in North America, as well as the EU, while growing its solution further.