Terabase
Canvas Category OEM : Electrical Equipment
Terabase Energy is a solar technology company founded in 2019 by industry veterans and headquartered in Berkeley, California, USA. Its mission is to reduce the cost and increase the scalability of solar by building an interconnected digital and automation platform for the development, construction, and operations of utility-scale PV power plants. The Terabase platform will enable rapid deployment of solar plants at more competitive costs which will support both grid-connected PV plants as well as enable the cost-effective production of green hydrogen with PV in the future. Terabase’s existing suite of software includes cloud-based apps for plant design and optimization, solar energy modeling, and construction management. The company also offers power plant controls (SCADA) and engineering consulting services.
Assembly Line
☀️ Utility-scale solar installation goes automated
Terabase announced it is launching an automated utility-scale solar installation system, dubbed Terafab. The company describes the service as an automated “field factory” that can double installation productivity. The installation system makes use of digital twins, logistics software, an on-site digital command center, a field-deployed automated assembly line, and installation rovers that can operate 24/7.
“We successfully field-tested Terafab last year, building 10 MW of a 400 MW site in Texas. Today’s launch is the next step forward to rapid commercial scale-up,” said Matt Campbell, chief executive officer and co-founder of Terabase. Terabase has partnered with developer Intersect Power, engineering, procurement and construction firm Signal Energy, tracking hardware provider NEXtracker, and solar panel manufacturer First Solar to develop the Terafab facility. Terafab is pegged for commercial deployment starting in Q3 2023.
☀️ Terabase Energy Raises $44 Million Series B to Digitalize and Automate the Deployment of Utility-Scale Solar Power Plants
Terabase Energy today announced a $44 million Series B financing co-led by Breakthrough Energy Ventures and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase’s total funding to $52 million and will be used to support the company’s mission to reduce the cost and increase the scalability of solar by building a digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.