Fundraising Fox

Piclo

Founded 2013 · 26 employees on LinkedIn · 6 known investors

Piclo operates an independent online marketplace for energy flexibility, connecting owners of flexible energy assets (sellers) with grid operators and other buyers procuring flexibility services. The platform serves the electricity grid sector across multiple regions including the UK, US, Italy, Portugal, Australia, and Belgium.

Also known as Piclo Flex

Investors · 6

Also in the syndicate · 3

Green Angel SyndicateJapan Energy FundToshiba Energy Systems & Solutions

Company profile

researched Aug 2026

Piclo operates an independent marketplace for energy flexibility that connects flexibility sellers - such as electric vehicle and battery operators and aggregators of distributed energy resources - with flexibility buyers including utilities, transmission and distribution system operators, and energy retailers. Its platform, Piclo Flex, provides end-to-end support for procuring, dispatching, operating and settling local flexibility services, using competitive auctions in which flexibility providers bid for contracts. The stated mission is to accelerate decarbonization of electricity grids by giving sellers access to commercial opportunities across multiple markets and geographies while giving buyers access to a vetted pool of flexibility providers.

Alongside the marketplace, Piclo publishes a Data Hub containing publicly available flexibility market datasets, including UK and Portugal competition and bid reports, exchange listings, Local Constraint Market (LCM) results, and GeoJSON constraint-zone boundary files for network operators such as NESO, Northern Powergrid, UK Power Networks, SP Energy Networks and Electricity North West.

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

Key figures

latest reported
Cumulative flexibility capacity contractedJun 20253 GW
Cumulative value of flexibility contracts enabledJun 2025$100M
Flexibility capacity facilitatedMar 20231.1 GW
Flexibility represented by registered assetsMar 202316 GW
Flexible capacity registered on platformJun 202530 GW
Markets with Piclo Flex rolled outMar 20236 markets
Registered assetsJun 2025350,000 assets
Registered flex sellersJun 2025250 sellers

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

Timeline · 6

launches, deals, and filings
Apr 2026
Piclo expands its global flexibility marketplace into Belgium

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Dec 2025
NIE Networks and Piclo partner to facilitate flexibility services in Northern Ireland

source ↗

Sep 2025
Piclo scales nationwide in the U.S. in six months, unlocking 1GW of DER flexible capacity

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Jul 2025
Piclo and NESO extend the Local Constraint Market to January 2027

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Mar 2023
Piclo raises £8.3 million Series B

Piclo closed a Series B round of £8.3 million co-led by Future Energy Ventures and Clean Growth Fund, with existing investor Green Angel Syndicate and new investors Toshiba Energy Systems & Solutions, Sustainable Future Ventures and Japan Energy Fund. Proceeds were earmarked for expansion in the UK, Europe, the US and Asia-Pacific, team growth and product development.

source ↗

Dec 2020
Clean Growth Fund makes first investment in Piclo

Clean Growth Fund made its first investment in Piclo in December 2020; Piclo was the fund's first investment.

source ↗

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

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 Piclo do?
Piclo runs an independent online marketplace where owners of flexible energy assets sell flexibility services to grid operators.
Who are Piclo's investors?
Piclo's investors include Bethnal Green Ventures, Clean Growth Fund, Future Energy Ventures.