AGent Energy, a company using artificial intelligence (AI) to manage distributed power generation, has raised $11 million in a Series Seed funding round.
The round was co-led by Spero Ventures and MassMutual Ventures, with participation from Intrepid Investment Management and existing investors CIV and Zero Infinity Partners (ZIP).
The latest funding brings AGent Energy’s total funding to $17 million within its first year. The company had previously raised $6 million from CIV and ZIP shortly after its launch.
Funding to Help Expand Distributed Power Network
AGent Energy aims to address growing pressure on the U.S. power grid, particularly as electricity demand from data centers and other large users continues to rise.
The company’s AI platform connects and manages backup generators already installed at commercial, industrial and critical facilities, including hospitals, universities and data centers. These generators are often unused for most of the year.
AGent turns these existing generators into distributed power plants that can provide electricity to the grid when demand rises or during emergencies.
According to the company, its platform is already operating in three major North American wholesale electricity markets: PJM, MISO and ERCOT. It has also provided power capacity during grid emergency events.
Targeting 200+ GW of Existing Generation
The company says its model allows facility owners to generate additional revenue from backup power equipment without paying for new infrastructure.
AGent Energy plans to use the new funding to expand its team and accelerate its efforts to access more than 200 GW of behind-the-meter generation capacity across commercial and industrial facilities and the MUSH sector, which includes municipalities, universities, schools and hospitals.
“Twelve months ago, AGent was an idea backed by two investors who saw what we saw: 200+ GW of the most reliable generation in America sitting idle behind the meter,” said Stephanie Hendricks, CEO and Co-Founder of AGent. “Closing $17 million in our first year reflects both the urgency of the grid reliability challenge and the speed at which our team executes. With Spero, MassMutual Ventures, and Intrepid joining CIV and ZIP, we now have the partners and capital to bring this dispatchable capacity to the markets that need it most.”
“The grid doesn’t need to wait five years for new steel in the ground. The capacity is already there, and AGent has built the intelligence layer to unlock it. Stephanie and her team have moved faster than any company we’ve seen in this space, and we’re proud to co-lead their Series Seed round,” said Stephen Wemple of Spero Ventures.
“When the grid is stressed, the difference between a rolling blackout and an ordinary afternoon is how fast dispatchable capacity shows up. AGent’s AI platform turns generation already sitting at hospitals, universities, and industrial sites into exactly that: capacity that responds in minutes, with no new construction and no cost to the owner. It’s a rare combination of climate resilience and hard economics, built by a team that has done this at scale before. That’s the sweet spot for our Climate Technology Fund: AI applied to real assets, with economics that pencil from day one,” said Aram Ouligian, Senior Associate at MassMutual Ventures.
With the latest investment, Stephen Wemple of Spero Ventures will join AGent’s board of directors, while Aram Ouligian of MassMutual Ventures will join as a board observer.
AGent Energy says its technology is designed to help utilities, grid operators and large energy users improve power reliability, economic efficiency and sustainability by making better use of existing generation resources.
