Dealflow | May 25, 2021

60Hertz Energy secures $1.3 million for microgrid management

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 25 — Anchorage, Alaska-based 60Hertz Energy helps energy providers manage more than $140 million in remote microgrid assets in seven countries.

The pre-Series A financing round was led by Factor[e] Ventures and Climate Impact Capital, with SeaChange Fund, Alaska Investor Network and Clean Energy Venture Group angels.

Maintaining microgrids will become even more critical “as we see more climate change driven mega weather events,” said Climate Impact’s Alex Rozenfield.  

Arctic tech

60Hertz launched in 2017 to address rural energy poverty in Alaska and the Arctic (see, “North to the Future: ‘Arctic tech’ entrepreneurs help Alaska adapt to climate change).

Alaska’s rural, rugged terrain makes it “a great place to pioneer solutions that are relevant globally,” says 60Hertz’s Piper Foster Wilder.