Lancium Technologies: Raises $150M in Financing
- Lancium Technologies Corporation, a Houston, TX-based technology company focused on the energy transition, raised $150m in financing
- Hanwha Solutions led the financing with participation from other strategic energy investors, as well as SBI Holdings and other existing, early-stage investors
- Lancium is a technology company creating software, technical solutions and energy infrastructure that together are decarbonizing the grid
- Lancium operates Clean Campuses, which are built at critical points on the transmission system that are often overwhelmed with renewable energy
- Its Smart Response™ software enables Clean Campuses to function as Controllable Load Resources (CLRs) to the electrical grid
- Clean Campuses will host Bitcoin mining, high throughput computing and other energy intensive applications
