Last deal

$71M
Local Amount - GBP 58M

Amount

Debt Financing

Stage

25.09.2023

Date

1

all rounds

$71M

Total amount

General

About Company
Varco Energy enables affordable and accessible sustainable energy through battery storage.

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founded date

2020

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Varco Energy is a company that owns and operates battery storage assets. Their main goal is to make sustainable energy more affordable and accessible to all users. They achieve this by assisting in the integration of renewable generation and grid balance. By leveraging battery storage technology, Varco Energy helps to store excess energy generated from renewable sources and release it when needed, ensuring a stable and reliable energy supply. This not only reduces reliance on traditional fossil fuel-based power generation but also helps to balance the grid by managing fluctuations in energy supply and demand. Overall, Varco Energy plays a crucial role in advancing the adoption of sustainable energy solutions.
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