Can Euclid Power become the Procore of clean energy? Inside its $20m AI-driven execution play

When Euclid Power announced its $20 million Series A funding round led by Venrock—with participation from HSBC Asset Management, Spero Ventures, Toba Capital, and others—it marked more than just a milestone for the three-year-old company. It signaled a turning point in how the renewable energy sector approaches execution risk.

The American software company describes itself as the “operating system” for renewable energy projects. With over 1,000 solar and storage projects already onboarded, 12 gigawatts of cumulative capacity processed, and more than $10 billion in deal value facilitated, Euclid is positioning its AI-enabled platform as an execution engine—not a reporting dashboard.

The timing of the raise speaks volumes. U.S. power demand is rising sharply—fueled by generative AI, industrial reshoring, and electric vehicle (EV) adoption—while the grid remains capacity-constrained and permitting pipelines are backlogged. Developers, investors, and utilities are racing to meet deadlines, but friction in project development remains stubbornly high. In this context, Euclid Power isn’t just offering software. It’s offering speed, control, and audit-readiness at a time when those qualities are in short supply.

How does Euclid’s AI-enabled workflow platform address the biggest bottlenecks in solar deployment?

Euclid Power’s value proposition lies in its platform’s ability to collapse what used to be weeks or months of manual effort—document review, diligence, risk flagging—into streamlined, AI-assisted workflows.

The platform transforms messy, fragmented documentation into a unified digital backbone for each project. Using its proprietary AI engine, Euclid automatically tags legal and technical documents, extracts key data points (costs, deadlines, contractual obligations), and identifies risk indicators. This consolidated data is continuously updated and accessible to stakeholders across legal, engineering, and financial teams.

In essence, Euclid turns every renewable energy project into a living data object, not a static collection of folders and PDFs.

This matters because the biggest bottlenecks in clean energy today aren’t hardware-related—they’re in diligence, documentation, and compliance. Delays in securing tax equity, missed interconnection milestones, and audit mismatches are all execution failures. Euclid’s platform, according to its clients, has helped cut transaction timelines by as much as 60%.

The platform is already used by institutional players such as Apollo Global Management, Catalyze, and UBS. For a solar or battery project trying to hit a narrow construction window under Inflation Reduction Act (IRA) guidelines, the ability to move quickly—and with traceable compliance—can make or break the deal.

Why institutional capital is betting on project execution platforms instead of generic SaaS tools

Venrock’s participation in the Series A is more than just financial—it’s strategic validation of a rising category: execution-as-a-service in climate tech.

Ethan Batraski, Partner at Venrock, said Euclid Power stands out because it doesn’t merely provide tools—it handles core workflows. This reflects a deeper trend in infrastructure: as complexity grows, users are no longer looking for dashboards—they want orchestration. Project teams want platforms that can run workflows with AI guidance, enforce discipline, and auto-update stakeholders across the deal lifecycle.

What sets Euclid apart from generic SaaS tools like Smartsheet or Asana is its vertical focus. Everything is tailored to the regulatory and financial realities of clean energy: whether it’s codifying milestone payment triggers, tracking permitting status, or preparing an audit file for a tax equity investor.

For institutional investors, this operational leverage is attractive. High-value infrastructure projects require precision. Mistakes are expensive, timelines are tight, and compliance missteps can lead to financial clawbacks. A platform that reduces those risks while accelerating timelines hits directly at the heart of institutional capital’s need for certainty.

Moreover, clients pay Euclid not just for access—but for managed execution. This hybrid software–services positioning increases revenue durability and adds switching costs, aligning well with what venture and infrastructure funds look for in post-Seed scaleups.

How Euclid built its data advantage across 1,000+ projects and 12 gigawatts of clean power

One of Euclid’s biggest strategic moats is its data corpus—gleaned from over 1,000 solar and storage projects across the U.S. Every project onboarded adds to the platform’s understanding of real-world deal dynamics, risk patterns, documentation formats, and regulatory workflows.

This cumulative experience feeds directly into Euclid’s AI engine. The more projects that run through the platform, the smarter its automation becomes at identifying red flags, calculating compliance windows, and guiding users through complex execution paths.

For example, if a project has a deadline tied to a particular interconnection agreement in PJM or ERCOT, Euclid can automatically flag dependencies, preload standard language, and generate alerts—functions that would otherwise be buried in emails, PDFs, or offline spreadsheets.

This also means the platform’s performance improves over time. New clients gain not only from the software but from the platform’s institutional memory—how similar projects in similar jurisdictions have navigated challenges before. In energy infrastructure, that kind of contextual intelligence is rare—and valuable.

Can purpose-built infrastructure software become a category-defining layer in climate tech?

Euclid’s trajectory echoes that of other category-defining infrastructure platforms like Procore (construction), Palantir (supply chain and defense), or even Autodesk (design-to-build). Each of these companies built deep, vertical stacks that integrated technical, legal, and operational workflows.

Euclid appears to be doing the same for clean energy. It is not a CRM, not an ERP, not a spreadsheet alternative—it is a transactional execution layer that spans the entire project lifecycle: origination, diligence, financing, construction, and compliance.

This ambition matters because the scale of the clean energy transition demands new software paradigms. If the U.S. is to deploy hundreds of gigawatts of solar, storage, and transmission by 2030, then the administrative burden cannot be managed manually. Platforms like Euclid are trying to industrialize the back office of clean power—much in the same way Tesla industrialized the battery pack.

Whether Euclid becomes the Procore of clean energy remains to be seen. But its product-market fit, institutional traction, and timing suggest it has a real shot at defining a category that simply didn’t exist five years ago.

What to expect next from Euclid Power as grid stress and compliance complexity escalate in 2025

With the Series A funds now secured, Euclid Power plans to expand its platform features, grow its services team, and deepen integrations with other tools in the energy ecosystem.

Future updates to Euclid Power’s platform could include modules designed to address emerging complexity across the clean energy development lifecycle. These enhancements may feature tools for interconnection queue visibility, enabling developers to track project status across utility backlogs more effectively. The platform could also introduce tax credit qualification modeling to help users assess eligibility under evolving Inflation Reduction Act provisions. Additionally, ESG data extraction capabilities for automated sustainability reporting are expected to streamline compliance with investor and regulatory requirements. Integration with utility planning systems is also likely to be prioritized, creating deeper alignment between project developers and grid operators.

Founder and CEO Jacob Sandry said the goal is to “scale to meet the urgency of the clean energy transition”—a statement that reflects not just vision, but market pressure. With AI data centers, semiconductor fabs, and EV fleets pushing the grid toward critical load conditions, energy developers cannot afford slow execution cycles.

Euclid doubled its enterprise client list in just Q1 2025, and that momentum is expected to continue. The firm is also exploring broader API frameworks to let banks, legal teams, and EPC firms plug into the platform directly, reducing duplication and manual reconciliation.

As the race to electrify continues, clean energy execution won’t just be about panels, wires, or batteries. It will be about platforms—those that can keep deals on track, data compliant, and teams aligned.

Can execution infrastructure become the backbone of the clean energy transition?

If climate tech’s first wave was about hardware—solar panels, batteries, EVs—then the second wave is about deployment velocity. That means software. And not just reporting dashboards, but deeply integrated execution platforms that can handle the messy, compliance-heavy, high-stakes workflows of infrastructure development.

Euclid Power isn’t the only player building in this space. But it may be the most clearly positioned to become the “operating system” of clean energy project execution. And in an era where every gigawatt counts, the speed it enables might just be the advantage that defines the next decade of decarbonization.