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lancium.com

Founded Year

2017

Stage

Unattributed | Alive

Total Raised

$150M

Last Raised

$150M | 1 yr ago

Mosaic Score

+40 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Lancium

Lancium is a distributed computing and data center technology company. It provides software and technical solutions that enable the faster decarbonization of the electrical grid. Smart Response allows data centers to resolve congestions and provide critical ancillary services back to the grid. Lancium is building a series of data centers across Texas. By acting as Controllable Load Resources, the net effect on the electrical system is carbon negative.

Lancium Headquarters Location

6006 Thomas Rd.

Houston, Texas, 77041,

United States

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Research containing Lancium

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Lancium in 1 CB Insights research brief, most recently on Apr 5, 2022.

Lancium Patents

Lancium has filed 37 patents.

The 3 most popular patent topics include:

  • Electric power distribution
  • Electrical engineering
  • Renewable energy
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/21/2020

8/30/2022

Electric power distribution, Electrical engineering, Energy storage, Renewable energy, Power station technology

Grant

Application Date

12/21/2020

Grant Date

8/30/2022

Title

Related Topics

Electric power distribution, Electrical engineering, Energy storage, Renewable energy, Power station technology

Status

Grant

Latest Lancium News

Broad Reach Power And Lancium Partner To Support Grid Stability Through Flexible Data Centers

Jul 13, 2022

HOUSTON--(BUSINESS WIRE)-- Broad Reach Power Energy Services LLC, a wholly owned subsidiary of Houston-based independent power producer Broad Reach Power LLC (“Broad Reach”), announced today that it has entered into a services partnership with Lancium, an energy technology and infrastructure company that advances the decarbonization and stability of the electric power grid. Under the agreement, Broad Reach, which owns a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects, will supply retail energy and provide qualified scheduling services for a portion of Lancium’s Fort Stockton, Texas Clean Campus data center. “We are proud to partner with Lancium on their first Clean Campus,” said Paul Choi, EVP Broad Reach Power. “As one of the largest developers of stand-alone energy storage, Broad Reach understands the importance of responsive generation and load resources to help the economy transition to a cleaner power grid. Because of our experience managing energy storage, we are uniquely positioned to provide the necessary services for Lancium to power its Clean Campus and assist in providing flexible grid services to ERCOT. We look forward to working with Lancium and our other clients to help power the energy transition.” Lancium locates its large-scale data centers in regions with excess renewable energy generation. This allows Lancium’s customers to benefit from low power prices and the highest concentration of renewable generated power on the grid. Enabled by Lancium’s proprietary Lancium Smart Response ™ technology, the data centers operate in a flexible manner, responding to grid conditions in real time. This ability to operate flexibly has allowed facilities enabled by Lancium Smart Response ™ to qualify as “Controllable Load Resources” (CLR) under ERCOT protocols. “As the generation mix evolves and generation from renewables grows, grid operators are looking for solutions to help address the challenge of intermittency,” said Shaun Connell, EVP of Power for Lancium. “Because our technology allows data center power consumption to move up and down with grid conditions, we are able to help stabilize the power grid and encourage the development of even more renewable generation. We believe Broad Reach’s vision and experience in how to manage dynamic energy storage resources will help support Lancium as we continue our work to advance the reliability and resiliency of the electric grid.” The first phase of Lancium’s Ft. Stockton Clean Campus, a 25-megawatt (MW) data center, is expected to be fully operational this summer. The facility is expected to begin participating in ERCOT’s ancillary services market in late summer. About Broad Reach Power Broad Reach Power is the leading utility-scale storage platform in the United States. Based in Houston, Texas, Broad Reach is backed by leading energy transition investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy. The Company owns a 21 GW portfolio of utility-scale solar and energy storage power projects in Montana, California, Wyoming, Utah and Texas, giving utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com . About Lancium Headquartered in The Woodlands, Texas, Lancium is dedicated to accelerating the energy transition through technologies and infrastructure designed to enable more clean energy production while also balancing and stabilizing the power grid. Lancium’s Clean Campuses are designed to provide a low-cost, sustainable solution for large-scale, energy-intensive customers through our propriety Lancium Smart Response™ technology. For more information, visit www.lancium.com . Follow Lancium on social media: Facebook , Twitter , LinkedIn , YouTube . View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005202/en/ Copyright Business Wire 2022

Lancium Web Traffic

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Lancium Rank

  • When was Lancium founded?

    Lancium was founded in 2017.

  • Where is Lancium's headquarters?

    Lancium's headquarters is located at 6006 Thomas Rd., Houston.

  • What is Lancium's latest funding round?

    Lancium's latest funding round is Unattributed.

  • How much did Lancium raise?

    Lancium raised a total of $150M.

  • Who are the investors of Lancium?

    Investors of Lancium include SBI Group and Hanwha Solutions.

  • Who are Lancium's competitors?

    Competitors of Lancium include Satoshi Energy.

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