Smart-Grid power market solutions provider Arcus Power Corp. Secures $11 Million in Series A Funding

Source: · CISION · | March 29, 2022

Longbow Capital's Investment Opens Door to New Opportunities.

Source: Pixabay

CALGARY, AB, March 29, 2022 /CNW/ - Arcus Power Corp. today announced Series A funding of $11 Million (CDN). This round of funding was led by Longbow Capital Inc.

Arcus applies domain expertise to augment AI models for dynamic energy and emission cost management.  Over the past five years, Arcus Power has successfully modelled Canada's deregulated electricity markets, establishing an impressive track record of accuracy and an ability to widely communicate its insights through software to a diverse range of customers. Complemented with strong customer service, Arcus, along with our established business partners, is proud to support power consumers across North America.

"This investment enables Arcus to expand Canadian services and leverage our machine learned model software for growth in the US.  Arcus is a customer focused company created to benefit industrial consumers by aligning their energy cost management needs with energy market conditions through technology," says Dan Erhardt, Founder and CEO at Arcus Power. "We have long admired Longbow's track record of investing in successful innovative technologies in the power and energy sectors and view the depth of their industry network as an accelerant to our business model. I am very excited to partner with them and further our innovative energy cost and emissions management software development."