Piclo

Piclo is dedicated to decarbonising the grid through advanced software solutions that enhance the intelligence, flexibility, and sustainability of energy networks. The company serves a diverse range of clients, including electric vehicle and battery owners, system operators, and distribution system operators. Operating in markets such as the UK, Ireland, Italy, Portugal, Australia, and the USA, Piclo's business model revolves around two core platforms: Piclo Max and Piclo Flex.

Piclo Max is a market access platform that allows flex sellers to engage with all electricity markets from a single interface. Piclo Flex, on the other hand, is a marketplace for flexibility services, enabling system operators to procure flexible electricity during periods of high demand or low supply.

The company has successfully registered over 300,000 flexible assets, representing 22 GW of flex capacity, and has awarded flexibility contracts worth £74 million, procuring over 2.6 GW of flexible capacity.

Piclo's revenue model is likely based on transaction fees, subscription services, and possibly consultancy fees for custom solutions. The company has established a strong foothold in the UK, supporting all six Distribution System Operators and the Transmission System Operator, and is expanding its presence in Europe, the USA, and the Asia-Pacific region.

Keywords: decarbonisation, energy networks, flexibility services, market access, electricity markets, system operators, flex sellers, global markets, sustainable energy, software solutions.