Ampd Energy, an innovator in clean energy storage solutions, has raised $27.3 million in an oversubscribed Series B funding round to further its mission of advancing emissions-free energy solutions in industrial and construction sectors worldwide.
The funding, co-led by investment firms Kibo Invest and Openspace, with additional participation from MTR Lab, Taronga Ventures, and 2150, is set to support Ampd Energy’s strategic expansion into new markets and regions.
Founded in 2014 by Brandon Ng, Ampd Energy specializes in creating advanced battery energy storage systems (ESS), including its flagship products, the Enertainer and the Ampd Silo™.
These innovative solutions are designed to replace traditional fossil fuel generators in heavy industries, cutting carbon emissions by up to 90% while offering a quieter, cleaner, and safer energy source.
A Step Toward Decarbonizing Heavy Industry
The International Energy Agency (IEA) reports that the construction and building sectors account for 30% of global energy consumption and nearly 27% of total emissions.
With the Enertainer and Ampd Silo systems, Ampd Energy is tackling these statistics head-on, providing a sustainable, efficient, and data-driven alternative to fossil fuels.
Since its founding, Ampd Energy has deployed over 300 smart battery units across seven countries, preventing an estimated 69,000 tons of CO₂ emissions—a reduction equivalent to removing 88,000 cars from the road.
Funding to Fuel New Verticals and Global Reach
Ampd Energy’s Series B funding arrives amid a challenging fundraising landscape, underscoring the confidence investors have in its mission and potential.
This capital will allow Ampd to expand its decarbonization efforts beyond construction to sectors like mining and manufacturing, set for 2025.
The company will also scale its presence globally, with plans to establish a footprint in new regions including Europe, the Middle East, Southeast Asia, and the United States.
“This new funding is a testament to the hard work of our team, our focus on being a commercially viable cleaner solution for businesses around the world, and the commitment from our investors in creating an emission-free future for industries," he said. "We’re looking ahead to accelerating our growth, entering new verticals, and delivering even more innovative solutions to our customers globally.” - Anthony Stewart, CFO of Ampd Energy
Investor Support Anchored in Innovation and Sustainability
“We are particularly impressed by Ampd Energy’s visionary leadership and their sharp focus on executing a clear strategic roadmap,” Marshall said. “Their commitment to excellence resonates with our investment philosophy. We’re excited to support Ampd Energy’s expansion into new markets and industries, driving further growth and amplifying their positive impact on the global energy landscape.” - James Marshall, CEO of Kibo Invest
“The backbone of the business is a committed and strong management team, who have shown time after time what it takes to build in a commercially viable yet impactful way. We’re looking forward to partnering with Ampd Energy to deliver the significantly reduced reliance on diesel that their innovations make possible,” - Openspace partner Jessica Huang Pouleur
The Path to a Smarter, Cleaner Energy Future
Ampd Energy’s products not only reduce emissions but also integrate proprietary data-driven insights, providing 24/7 real-time monitoring and problem diagnostics.
This technology allows companies to optimize energy usage and manage performance efficiently, making Ampd’s solutions both practical and forward-looking for industries aiming to decarbonize.
Possible Positive Impacts of Ampd Energy as the Company Scales
Reducing Industrial Emissions
Ampd’s energy storage solutions could help industries like construction and mining cut emissions by up to 90%, significantly aiding global decarbonization efforts and reducing millions of tons of CO₂ annually.
Improving Public Health
By replacing diesel generators, Ampd’s technology removes harmful pollutants from the air, helping to lower respiratory and cardiovascular health risks, especially in densely populated areas.
Enabling Clean Energy in Developing Markets
Ampd’s planned expansion into emerging markets provides these regions with affordable, clean energy alternatives to fossil fuels, supporting sustainable growth without heavy infrastructure investments.
Driving Industry-Wide Clean Tech Adoption
Ampd’s success can inspire other companies to prioritize sustainable solutions, potentially accelerating eco-friendly innovations across energy-intensive sectors globally.
Boosting Efficiency with Data-Driven Insights
Ampd’s systems offer real-time data analytics, enabling industries to optimize energy use, reduce waste, and cut operational costs through advanced monitoring and diagnostics.
Supporting Economic Independence
With less reliance on diesel imports, Ampd’s clean energy solutions could strengthen economic stability in regions currently burdened by high energy import costs.
Influencing Policy and Standards
Ampd’s impact could encourage policymakers to adopt stronger environmental regulations and incentivize clean energy, setting new sustainability standards for industries worldwide.
Creating Jobs in Clean Technology
Ampd’s growth will drive job creation across clean tech roles in manufacturing, installation, and maintenance, especially benefiting regions in need of green job opportunities.
Empowering Remote and Off-Grid Projects
Ampd’s battery systems offer reliable power to remote or off-grid sites, allowing clean, stable energy access in areas that would otherwise depend on diesel.
