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Climate Tech

Tyba Raises $14 Million to Help Batteries Make Money

The startup told Heatmap exclusively that the funding will help it reach new markets in the U.S. and abroad.

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Tyba facilities.
Heatmap Illustration/Tyba, Getty Images

By 2035, BloombergNEF projects that the U.S. will build an additional 221 gigawatts of battery storage, a more than 10-tenfold increase from July of last year. But as intermittent renewables, rising electricity demand, and extreme weather make grid operations increasingly complex, it can be a struggle for energy producers to manage their battery assets as efficiently and profitably as they could be — discharging when prices are highest and energy is needed most and charging when prices are lowest.

Tyba helps a range of companies — from oil major TotalEnergies to smaller, independent energy producers — optimize their battery storage systems. The startup’s AI-enabled platform provides timely, accurate price forecasts and automates energy dispatch decisions and bidding strategies to sell electricity into the market. The company just raised a $13.9 million Series A round, led by the climate tech investor Energize Capital, bringing its total funding to $18.5 million. Tyba currently supports over 1 gigawatt of batteries in California and Texas, but Baker told me this latest funding round will allow the company to expand into new markets domestically, and eventually internationally.

“When there’s a winter storm, or when there’s a plant that trips offline, prices can go up from, on average, $50 to $5,000, and so that massive spike drives a tremendous amount of revenue. In a single five-minute interval, we might earn up to 20% of the revenue for a year,” Tyba’s CEO and co-founder Michael Baker told me. “Our forecast strategies and also our bidding strategies are especially tuned to forecasting those events and making sure we’re in the market to sell power and capture that.”

Referring to data from Texas energy regulator ERCOT, Baker told me that top-performing battery assets there generated about 50% more revenue than average-performing assets, and that the batteries Tyba managed were consistently in the top tier. (California doesn’t release as much data, so he can’t be as precise, but Baker said “the uplift is comparable“ there.) Energy producers today generally work with less sophisticated, bespoke software solutions that are difficult to replicate, as they’re usually tailor-made to solve specific problems in specific markets. Especially in a political environment that’s unfriendly to renewables development in general, though, making battery storage systems the most profitable option for power producers is an obvious way to ensure they’re more widely deployed.

“These developers, they’re infrastructure companies. They’re not technology companies,” Tyler Lancaster, a partner at Energize Capital, explained. And they’ve had a hard time building software that can keep up with the ever-changing needs of the grid. “As a result, they’ve seen those assets and those batteries that they’ve deployed generate a lot less revenue than they thought.”

The Northeast and Mid-Atlantic regions are likely areas for growth due to their acute grid capacity needs, he said. Many of Tyba’s customers are working closely with data center developers as tech companies desperately seek out clean, reliable power to support their AI-driven load growth.

As for the impact of President Trump’s increased tariffs on Chinese imports or the potential elimination of Inflation Reduction Act incentives such as the investment and production tax credits, neither would be good news for the battery storage sector at large. “If we do have substantial tariffs and there is any impact on the tax credits, that will certainly slow down the pace of deployment and the growth of these technologies,” Baker told me. Tyba’s customers are gearing up. “They’re definitely preparing for the worst, including things like pre-purchasing equipment years in advance.”

The economics of battery storage have to be an undeniable winner to weather these headwinds, and Baker is confident that Tyba can help the sector continue its momentum over the next four years and beyond. As he told me, “The overall fundamentals of renewable energy are pretty undeniable.”

Editor’s note: This story has been updated to clarify the description of Tyba’s model.

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Spotlight

A Giant Data Center Offers a Permitting Reform Test Case

What would happen to Project Jupiter if the Bipartisan American Affordability and Jobs Act is passed?

Project Jupiter.
Heatmap Illustration/Project Jupiter, Library of Congress

One of the nation’s largest data centers is struggling under permitting woes. So let’s play a game: would the bipartisan permitting bill in Congress make the path easier, or might the federal legislation be irrelevant to large hyperscalers under development today?

Meet Project Jupiter, a mega project in southern New Mexico in Dona Ana County under development by Oracle and OpenAI, with financial backing from SoftBank and political support from the Trump administration for being a part of Stargate, a major Trump administration public-private initiative boosting AI development. Project Jupiter would be one of the largest data centers in the country if completed and currently is expected to run on a microgrid powered by fuel cells converting gas to electricity, which the developers claim will burn much cleaner than a typical off-grid gas turbine power plant.

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Hotspots

The Trump Administration Is Still Messing with Offshore Wind Farms

And more of the week’s top news around project fights.

The United States.
Heatmap Illustration/Getty Images

1. New England (and Maryland) – The Trump administration is still messing with offshore wind farms, even while trying to pass a permitting reform deal. Examining the court filings reveals why they may feel empowered to do it — and I’m not sure how this ends.

  • Last Friday, in a legal case brought by anti-wind activists, the Justice Department submitted a motion in federal court to send the construction and operations plan for Orsted’s Revolution Wind project in New England back to the Interior Department for more analysis. On Wednesday, the DOJ entered a similar motion in another case challenging the construction and operations plan for U.S. Wind’s MarWin project off the coast of Maryland in a lawsuit brought by the state’s coastal community of Ocean City.
  • Trump’s actions led some to question whether the president was sabotaging the deal, and others to claim the media coverage itself was an attempt to kill it. Going further, supporters of the bipartisan bill claimed the DOJ's motions were precisely why the bill should become law, implying it would guard offshore wind farms against this sort of maneuver.
  • However, for the bill’s backers, it’s worth considering why the Trump administration believes it has the legal authority to do this. It’s also time to ask whether the bill would actually protect these wind farms against this tactic.
  • To answer those questions, you have to rewind. On May 1, 2025, the Interior Department withdrew a Biden solicitor’s opinion instructing the agency to “strike a rational balance” between wind power and fishing interests. This revocation document is technically not in effect at the moment; one year later, a federal court ruled the opinion was potentially illegal as a part of a preliminary injunction on five anti-renewables actions requested by solar and wind trade groups. The Trump administration is contesting that ruling, and the administration has filed a notice of appeal.
  • In August, despite that opinion being in doubt, a federal judge granted Trump permission under the Outer Continental Shelf Lands Act to remand the construction and operations plan for the now-defunct Atlantic Shores offshore wind farm in the waters of New Jersey. U.S. District Judge Jia Cobb specifically wrote that Atlantic Shores failed to demonstrate the federal government had limitations under OSCLA on revisiting these plans and that the injunction from the litigation on appeal “did not prohibit all reevaluation of agency action.”
  • In the recent Revolution and MarWin filings, Trump’s Justice Department argues the construction and operations plans should be remanded under OSCLA without being vacated. The DOJ motions include claims that previous decision documents did not adequately explain impacts to commercial fishing and other industries that use OSCLA waters. It’s not clear if the administration will win these motions.
  • The bipartisan permitting bill would bar the Interior Department and other federal agencies from taking “any new action that would revoke, rescind, withdraw, terminate, suspend, amend, or alter a federal authorization or permit in effect on or after September 16, 2026,” or “any other action to interfere with or prevent the construction or operation at full capacity of a project that has secured all necessary federal authorizations and permits.” The restriction exempts cases where “the agency is required to take such action by order of a court.” As I wrote in our lengthy piece explaining the bill, this provision has a damages component that allows companies impacted by violations to pursue financial compensation.
  • Here’s the billion-dollar question I expect we won’t have answered unless the bill language is enacted and then litigated: Would the court order exception apply to rulings that grant these motions? Or would the developers be able to sue for damages?

2. Columbia County, N.Y. – New York’s renewable energy permitting office has rejected an upstate solar farm on farmland as a House Democrat representing the area joined hands with the Trump administration in publicly railing against the project.

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Politics

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These seven elections could change state energy policy.

Watching voting.
Heatmap Illustration/Getty Images

No matter how well Democrats do in the House and Senate in November, it’s unlikely to mean anything new on climate policy in Washington, D.C., for as long as Donald Trump remains in the White House.

That is not true when it comes to the other elections this year.

Several states are on the verge of a possible Democratic trifecta, meaning unified control of both chambers of the state legislature and the governor’s mansion. It’s a position that could enable such states to either top off existing climate and energy policies passed in the last decade or to make the first real run at climate legislation in recent history.

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