SMRTR Science & EngineeringJan 29, 2025Daily.dev

Solar startup Niko is building Mexico’s first virtual power plant

SMRTR summary

Niko Energy aims to build Mexico's first virtual power plant to address the country's surging power demand and grid challenges. The startup has raised $23 million in funding to finance solar installations, sell battery storage, and develop a platform to aggregate and control decentralized energy resources, targeting tens of megawatts of capacity initially.

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