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business1d ago
This Long Beach startup says it has a patch for California's power problems
- Critical Loop secured $26 million in funding to scale its on-site power systems in California.
- The financing will help expand deployment of container-sized batteries and a grid-management controller.
- Critical Loop is backed by Conifer Infrastructure Partners and Hanover as lead investors.
- The company has grown from eight to 35 employees in the last year as it hires from SpaceX, Palantir and Tesla.
- Critical Loop demonstrated rapid site deployments, including a San Diego Airport peak-load project.
- The technology enables rapid on-site power during peak hours, reducing utility dependence.
- The Long Beach base positions the company near skilled engineering talent.
- CEO Bala Ramamurthy cites AI-driven data center demand as a driver for quick power.
- Critical Loop aims to scale beyond California to data centers and robotics warehouses.
- The system helps cut electricity bills by optimizing peak usage for large facilities.
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