Euclid Power, a fast-rising clean energy technology company, has raised $20 million in Series A funding to accelerate the digital transformation of renewable energy project development. The round was led by Venrock and HSBC Asset Management, with participation from Spero Ventures, Toba Capital, Designer Fund, and Commonweal Ventures.

The funding marks a major milestone for founders Jacob Sandry, Ryan Guay, and Brian DeMaio, whose vision is to bring order, transparency, and speed to the complex world of renewable energy project management.

Euclid Power’s software platform helps developers, financiers, and asset managers plan, build, and manage renewable energy projects from concept to completion — using automation, analytics, and workflow orchestration to replace the industry’s fragmented manual systems.

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A Digital Backbone for the Renewable Energy Boom

The renewable energy sector is at a tipping point. The global renewable energy market was estimated at around USD 1.51 trillion in 2024 and is projected to reach approximately USD 4.86 trillion by 2033, at a compound annual growth rate (CAGR) of about 14.9% from 2025–2033. 

Another report estimates the global renewable energy market to grow from around USD 1,020.94 billion in 2024 to USD 1,574.18 billion by 2032, at a CAGR of roughly 5.55%. 

Beyond market size, capacity growth is also striking: According to the International Energy Agency (IEA), global renewable power capacity is projected to increase by nearly 4,600 GW between 2025 and 2030. 

Despite the scale of investment, renewable project development remains one of the most disjointed and complex processes in the energy ecosystem. Teams typically rely on spreadsheets, disconnected data silos, and legacy tools to coordinate multi-million-dollar projects that span years and involve dozens of stakeholders.

Euclid Power aims to change that. Its cloud-based platform streamlines every phase of renewable development — from site origination and due diligence to construction and asset management — through a single intelligent system. By bringing automation to data collection, permitting, and compliance, Euclid helps teams save time, reduce risk, and accelerate clean energy deployment at scale.

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The Founders’ Vision: Building Infrastructure for a Greener Future

Euclid Power’s founding team brings deep domain expertise from the front-lines of energy development. CEO Jacob Sandry and his co-founders built Euclid after years of witnessing firsthand how inefficiencies in project coordination stalled renewable adoption.

Their mission is clear: “to make clean energy easier to build.” By digitizing the workflows that power solar, wind, and battery storage projects, Euclid Power enables developers to focus on innovation instead of administration.

Energy transition isn’t just about new technology—it’s about speed and collaboration. We built Euclid to be the connective layer that helps teams move faster toward a decarbonized grid.

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The Most Valuable Innovation Is Often Invisible

Euclid Power’s trajectory reveals a crucial insight for founders in any industry: the biggest revolutions happen behind the scenes.

In a world where startups often chase attention-grabbing features, Euclid quietly focused on the invisible work that drives the real economy—coordination, data integrity, and workflow design. The founders didn’t set out to build another project management app; they built an operating system for renewable infrastructure. That difference is everything.

Every founder can learn from this: real value often hides in the mundane. When you fix the un-sexy, friction-filled parts of an industry, you don’t just create a product—you create an essential layer of progress others must rely on. Euclid Power turned a slow-moving, paper-heavy sector into a digital, agile system that scales renewable energy faster. And that’s where true category leadership begins—not in disruption, but in orchestration.

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Backed by Climate and Tech Powerhouses

The company’s Series A investors represent some of the most influential forces in both technology and climate finance:

• Venrock, a legendary venture firm with roots in backing transformative infrastructure and clean energy startups.
  
• HSBC Asset Management, a major player in sustainable investment and climate-transition funding.
  
• Spero Ventures and Toba Capital, known for supporting mission-driven companies at the intersection of tech and sustainability.
  
• Designer Fund and Commonweal Ventures, both of which focus on purpose-driven innovation that combines design, impact, and long-term value creation.
  

This investor mix signals a growing recognition that data-driven coordination software is now as critical to the clean energy revolution as hardware innovation.

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Why the Market Is Ready for Euclid

Renewable project development is expected to grow into a multi-trillion-dollar global market by 2030. According to one forecast, the global renewable energy market value may exceed USD 1.9 trillion by 2030, growing at a CAGR of over 12% from 2025–2030. 

However, a large portion of this value is lost annually due to project delays, miscommunication, and inefficient hand-offs between developers, financiers, and operators. By some estimates, poor coordination can add up to 20% in unnecessary costs to large-scale solar or wind projects. While specific data on project cost overruns is fragmented, industry analysts consistently highlight workflow inefficiency as a major barrier.

Euclid’s software directly addresses this pain point—improving information flow, ensuring regulatory compliance, and reducing costly re-work across every stage.

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The Road Ahead: Scaling the Operating System of Energy

With this $20 million raise, Euclid Power plans to expand its engineering, data science, and customer success teams while doubling down on automation and predictive analytics capabilities. The company will also deepen integrations with financing platforms, regulatory data sources, and energy marketplaces to create a unified ecosystem for project stakeholders.

Euclid is also exploring new applications for its platform in energy storage, grid modernization, and carbon accounting, positioning itself as a foundational technology provider for the entire renewable value chain.

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The Outlook: Energy Infrastructure Gets Intelligent

The clean energy transition is not just about generating renewable power—it’s about building the digital infrastructure to support it. As the global race toward net-zero accelerates, companies like Euclid Power are becoming indispensable partners in orchestrating that change.

By combining technical rigor, workflow intelligence, and deep market understanding, Euclid is proving that the next wave of climate innovation won’t come from solar panels or turbines alone—it will come from software that helps the world build them smarter, faster, and together.