Electricity Maps, a climate tech startup focused on optimizing power solutions, has secured 5.4 million in new funding aimed at accelerating its software-driven approach to measuring and reducing emissions tied to electricity use. The announcement, reported by ESGtoday, underscores investor confidence in platforms that quantify carbon footprints and translate data into actionable decarbonization strategies for businesses across industries.
The Danish company specializes in software that helps organizations track carbon dioxide emissions associated with their electricity consumption. By mapping energy flows and calculating scope 2 emissions with granularity, Electricity Maps empowers customers to identify the cleanest routes for power procurement, drive reductions in emissions, and align with corporate climate goals. The funding round will support enhancements to its grid mapping solutions, enabling more accurate visibility into where electricity is generated, how it travels across grids, and where emissions can be minimized through smarter procurement and demand management. In short, the capital is intended to scale up the platform so energy teams can act with confidence and speed as the energy system transitions toward lower carbon intensity.
With the infusion of capital, Electricity Maps aims to broaden its impact beyond its current reach by expanding its global grid-mapping capabilities, integrating more data sources, and refining analytics that translate complex energy data into practical steps for decarbonizing operations. The overarching goal is to help utilities, manufacturers, retailers, and other large electricity users reduce their carbon footprints while maintaining reliability and cost-effectiveness. In doing so, the company envisions a decarbonized energy sector where real-time insights inform procurement choices, capacity planning, and long-term strategy for a lower-emissions future.
Separately from the electricity sector, rumors have circulated that OpenAI chief executive Sam Altman and former Apple chief design officer Jony Ive are collaborating on a new personal device powered by advanced artificial intelligence technology. The project remains in early funding stages, with few specifics disclosed beyond the expectation that the device will differ significantly from traditional smartphones. Analysts note that if the venture progresses, it could explore novel interaction paradigms, privacy-first design, and hardware-software integration that push the boundaries of portable AI experiences.
Earlier reports also teased the possibility of Samsung launching the Galaxy Z Fold6, a device said to feature improvements rooted in innovations rolled out over the past three years. While details remain speculative, observers anticipate enhancements that build on the foldable format, with a focus on durability, multi-tasking, and user-centric software experiences that leverage evolving display technology and AI-assisted productivity tools.