Fundraising Fox

Equilibrium Energy

Boston, US · Founded 2021 · Delaware corporation · 6 known investors

Find your way into Equilibrium Energy

1,246 people in our graph share verified history with the Equilibrium Energy team — schools, employers, funds. One of them is your warm intro.

Nicole Gaudelliunlockedknows Kevin Clifford · together at Boston College (overlapped)
×2knows the team · via University of California, Berkeley, Haas School of Business
×7knows the team · via University of California, Berkeley
knows the team · via Boston College
knows the team · via Tesla

Equilibrium Energy applies software, AI/ML, and quantitative methods to modernize power and energy systems for power companies. The company combines technology with energy-industry expertise across power systems, trading, risk management, and operations.

Also known as Equilibrium · Equilibrium Energy, Inc.

Founders & leadership

Equilibrium Energy was founded in 2021 by Ryan Hanley, Jonathan Mather, and Kevin Clifford.

RHRyan Hanley
Ryan HanleyinFounder & Chief Executive Officer
JMJonathan Mather
Jonathan MatherinCo-Founder & Technical Fellow, Head of Energy ScienceHe has expertise in electricity market design, power systems, optimization, control systems, machine learning, and data science.
KCKevin Clifford
Kevin CliffordinCo-Founder, Head of Product2021–2026Executive Officer, Director at OnPeak Weather Group
JW
Jeffrey WoodsExecutive

Investors · 6

Also in the syndicate · 1

GS Energylead

Funding

SEC filings, press & company announcements

$64.4M disclosed across 2 of 3 rounds · 2023–2025

$25.7MraisedMar 2025 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey WoodsExecutive Officer
  • Ryan HanleyExecutive Officer
Offering amount
$40M
Amount sold
$25.7M
First sale
Feb 2025
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$38.7MraisedDec 2023 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey WoodsExecutive Officer
  • Ryan HanleyExecutive Officer
Offering amount
$40M
Amount sold
$38.7M
First sale
Dec 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Equilibrium Energy is a power-sector technology company whose flagship product, EQ Mission Control, is a unified trading and portfolio management platform for electricity markets. The product is organized around a common data model that maps power market entities — nodes, generators, batteries, constraints, contingencies, distribution factors, market participants and plants — into one shared structure, on top of which the company layers probabilistic nodal price forecasts, weather/wind/temperature overlays, cross-commodity views, and automated constraint research that explains why a constraint bound and how it behaved historically. A power-specific agentic AI component answers natural-language questions about market behavior (for example price spikes or expected binding constraints in a given zone) with click-through traceability to underlying data, and a marketplace layer connects third-party feeds, forecasts and exchange data into the same surface. Features described as in development include sample-based grid fundamental scenarios (400+ scenarios), personalized agentic AI with user- and desk-level context, and full data lineage.

The company positions itself more broadly as a digital-native power company operating at the intersection of grid variability, market volatility, economic optimization, commercial structuring, trading and risk management across the end-to-end power value chain, with a stated ambition to become a next-generation clean power company. Its platform capabilities have been applied to battery energy storage and renewables optimization, and the company has also disclosed a separate agentic AI platform for power called PowerOS and a concept it calls Connective Intelligence. Leadership includes founder and CEO Ryan Hanley, head of product and design Kevin Clifford, and chief customer officer Ashley Smith, with a team described as spanning energy, AI/ML, power systems, software, quant, finance, structuring, risk and operations.

Founding story

Founded in 2021; the team describes building the unified power trading cockpit from their own careers spent maintaining fragmented power trading setups with finicky data, disparate forecasts, fragile models and spreadsheets.

Business model

Equilibrium Energy sells software and energy portfolio management capabilities and services to power companies and independent power producers, with EQ Mission Control offered as an enterprise platform (currently in a small, invite-based beta with early access requests) and a marketplace that connects customers' existing third-party data feeds and forecasts. The company has also entered commercial arrangements around physical assets, including tolling agreements for Texas energy storage facilities.

Software and services for power market participants; sources do not detail pricing.

Traction

EQ Mission Control was launched as the company's flagship platform alongside its March 2025 $28M Series B2 raise, and the trading cockpit product is live in beta with new features shipping every two weeks. Capabilities are being applied to battery storage and renewables optimization use cases; the company signed two tolling agreements with Ormat for Texas energy storage facilities, and press coverage notes Ormat began operation of a 120MWh Texas BESS in September 2025. In 2026 the company announced a strategic partnership with a global commodities trading house to deploy AI-native power trading strategies and a strategic agreement on AI-enhanced enterprise portfolio optimization.

Latest developments

Announced a strategic partnership with a global commodities trading house to deploy AI-native power trading strategies (April 2026) and a strategic agreement to advance AI-enhanced enterprise portfolio optimization (March 2026). Mission Control is live in beta with a deliberately small early-access group and biweekly feature releases; grid fundamental scenarios, personalized agentic AI and full data lineage are listed as in development.

Full profile — market position, technology, go-to-market, geography, history

Market position

Positions itself as power-specific software "built for power people, by power people," competing against fragmented incumbent tooling (separate data feeds, forecast providers, models and spreadsheets) on the basis of unification, AI-native workflows and traceability. Described in third-party listings as a well-funded Series B clean energy company backed by prominent climate institutional investors.

A single normalized power-market data model underpinning all products, agentic AI tuned specifically to power market fundamentals and vetted by working traders, one-click traceability from any figure back to its source data, and a combination of AI/ML with fundamental physical grid modeling delivered by cross-functional energy, quant and software teams.

Technology

A power-market data model that normalizes market entities (pnodes, aggregated nodes, registered generators and loads, battery units, wind and solar generating units, flowgates, security constraints and contingencies) into a single structure; probabilistic nodal price forecasting; fundamental modeling of the physical power system fused with machine learning; agentic AI assistants grounded in power market fundamentals with source-level traceability and data lineage; sample-based scenario simulation. The company also markets PowerOS, described as an agentic AI platform for power.

Go-to-market

Direct enterprise engagement, including an invite-only early access beta in which the company works directly with individual trading desks, supported by press releases and news updates; commercial partnerships with a global commodities trading house and strategic agreements on enterprise portfolio optimization; corporate/strategic investors including GS Energy and NRG Energy.

Power companies, independent power producers and commodities trading organizations, and specific desk roles including day-ahead and real-time traders, portfolio optimizers, risk analysts, asset optimizers and desk leads.

Geography

Remote-first with regional hubs in the San Francisco Bay Area, Boston and London; third-party listings give a San Francisco, California headquarters. Commercial activity referenced includes ERCOT/Texas markets.

History

The company launched publicly as a "Climate Generation power company," later closing a Series B fundraise and signing two tolling agreements with Ormat for Texas energy storage facilities. In March 2025 it raised a $28M Series B2 led by GS Energy with NRG Energy participating and launched its flagship EQ Mission Control platform. Subsequent announcements covered PowerOS, an agentic AI platform for power, a Connective Intelligence layer for enterprise AI in power, a strategic agreement on AI-enhanced enterprise portfolio optimization (March 2026) and a strategic partnership with a global commodities trading house for AI-native power trading strategies (April 2026).

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employee count (range)Jan 2026101-250
Grid fundamental scenarios supported (in development)Jan 2026400 scenarios
Latest disclosed funding stageMar 2025Series B2

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Equilibrium Energy for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Apr 2026
Strategic partnership with global commodities trading house for AI-native power trading strategies

source ↗

Mar 2026
Strategic agreement to advance AI-enhanced enterprise portfolio optimization

source ↗

Jan 2026
Introduction of PowerOS, an agentic AI platform for power

source ↗

Sep 2025
Ormat begins operation of 120MWh Texas battery storage system

Press coverage of Ormat commencing operation of a 120MWh Texas BESS; Equilibrium previously signed two tolling agreements with Ormat for Texas energy storage facilities.

source ↗

Mar 2025
Equilibrium Energy raises $28M Series B2 led by GS Energy

Raised $28M in Series B2 funding led by GS Energy with participation from NRG Energy and other new and existing investors, to expand commercial offerings, deepen the EQ Mission Control platform and serve more customers.

$28M source ↗

Mar 2025
Launch of flagship EQ Mission Control software platform

Launched EQ Mission Control, an agentic-AI-enabled energy portfolio management platform delivering enterprise-wide real-time insights, granular forecasting and decision support, applied to battery energy storage and renewables optimization.

source ↗

Jan 2021
Equilibrium Energy launches as Climate Generation power company

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Equilibrium EnergyDelaware

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Equilibrium Energy do?
Equilibrium Energy builds AI-native software for power traders and power companies, centered on its EQ Mission Control platform.
Who founded Equilibrium Energy?
Equilibrium Energy was founded by Ryan Hanley, Jonathan Mather, Kevin Clifford in 2021.
Who are Equilibrium Energy's investors?
Equilibrium Energy's investors include Breakthrough Energy Ventures, Cerity Partners Ventures, DCVC (Data Collective), Strawberry Creek Ventures, Valo Ventures.
How much funding has Equilibrium Energy raised?
Equilibrium Energy has disclosed $64.4M raised across 2 of its 3 known rounds.
Where is Equilibrium Energy headquartered?
Equilibrium Energy is headquartered in Boston, US.