HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Branch Energy, a tech-driven retail energy provider, raised $10.8 million in an oversubscribed Series A funding round, led by Prelude Ventures, a climate-focused venture capital firm, alongside co-investor Zero Infinity Partners, an infra-tech investor. Branch Energy is a vertically integrated power provider that balances the grid and provides businesses with long-term energy stability through demand management software and advanced on-site battery storage systems. This integrated approach allows Branch Energy to provide customers with 100% clean energy at lower costs than its competitors while helping to avoid blackouts. The new financing will accelerate the development of Branch Energy's battery management platform and build out its field services infrastructure. Branch Energy identified Texas as its first market due to the amount of stress on the state's grid. Extreme weather events like Hurricane Beryl are becoming more frequent, and combined with accelerating extreme heat, put significant strain on the grid. The state experiences thousands of outages every year, and Texans need reliable and affordable power that is more responsive to real-time conditions and grid-connected devices. Branch Energy provides electricity from 100% renewable sources, supporting local wind and solar projects, and through its no-cost battery storage systems, enables customers to more flexibly manage demand on the grid. "Our century-old grid design is not equipped ...