The surge in global energy demand is driving the need for scalable and efficient solutions. From AI data centers to expanding urban infrastructure, races meet growing power requirements while maintaining sustainability at the forefront.
So, Solar Energy Tech’s startup Terabase Energy has stepped in to bridge the energy gap with an interconnected digital and automation platform designed to reduce costs and expand solar projects more efficiently.
Terabase Energy has announced a $130 million funding led by SoftBank to accelerate the deployment of technology for large-scale solar projects. This was the largest funding round in the company’s history, raising its total capital to $200 million. The company did not disclose the valuation.
The new funding will also support Terravaise’s efforts to transform renewable energy, aiming to reduce costs and shorten construction timelines. As energy demand surges, these solutions are important to make solar power more efficient and accessible.
“The Softbank Vision Fund investment reflects our shared commitment to leveraging advanced technologies to drive the future of renewable energy,” Terabase CEO Matt Campbell said in a statement. “This funding validates our mission, provides resources to expand our platform, paving the way for the solar terawat era.”
Terabase Energy – Terabat Scale Solar Platform
Last year, 84% of the new generation capacity added to the US power grid came from solar and energy storage, but the sector faces headwinds. Recent government policies have leaned in favour of fossil fuels, complicating the growth trajectory of the solar initiative.
“The surge in energy demand, especially from AI data centers, underscores the urgency of scalable and sustainable solutions,” said Kentaro Matsui, managing partner at SoftBank Global Advisers.
Terabase’s platform supports solar power plant developers, engineers and construction companies by helping them digitize and automate workflows. A significant portion of the funding will be directed towards the development of Terafab, a robotics support assembly line. According to the company, Terafab is designed to speed up construction and facilitate labor constraints.
Beyond assembly, Terabase operates PlantPredict, a solar modeling software, and Construct, a construction management platform. Together, these tools are intended to streamline the process from planning to completion.
SoftBank, known for supporting high-tech companies in the early stages, has invested in Terabase through Vision Fund 2.
As energy demand rises and the drive for sustainable solutions intensifies, Terabase’s latest funding can take a step forward in driving the transition to clean energy solutions.
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