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Lancium Technologies: Raises $150M in Financing

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
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