Borusan Ventures invests in Tyba, which increases the profitability of energy storage projects

Borusan Ventures, the venture capital company of Borusan Group, continues to invest in technologies that will shape the energy systems of the future and bring new solutions in this field. Tyba, an artificial intelligence-powered energy storage optimization platform, raised a total of 13.9 million dollars investment.

Borusan Ventures, the corporate venture capital company of Borusan Group, continues to invest in the technologies of the future. Borusan Ventures recently participated in the Series A investment round of energy storage optimization platform Tyba. Tyba's $13.9 million investment round was led by Energize Capital, the leading climate technology fund in the US.  New investors such as Pear VC and Mobilize Climate Capital and existing investors such as Powerhouse, Wireframe, Virta, Lorimer also took part in the investment round. Thus, the total amount of investment received by the platform reached 18.15 million dollars.

Borusan Ventures, based in Silicon Valley, invests in early-stage startups in the US and Europe in areas such as energy, mobility, logistics, supply chain and industrial technologies. Borusan Ventures contributes to the growth of its ecosystem by leveraging the more than 80 years of experience and extensive resources of Borusan, the powerful industrial group behind it. Borusan Ventures provides strategic support to startups that aim for global success and long-term impact, and creates growth opportunities by providing access to new markets.

This new investment will enable Tyba to scale its AI-powered energy forecasting, trading and optimization solutions. Tyba's platform helps energy producers maximize revenue, support grid reliability and grow in the clean energy transition. Working with world-leading energy companies such as TotalEnergies and supporting the operations of more than 1 GWh of storage assets in Texas and California, Tyba has designed and simulated over 100 GW of projects to date.

The Importance of Energy Storage is Growing Rapidly

Around the world, energy storage is becoming increasingly important with clean energy transition efforts and growing demand for electricity. With rapid developments in battery technologies, many countries are investing in increasing their energy storage capacity. With the rapid increase in the need for storage in the last three years, energy storage capacity in the US has increased 6-fold to 30 GW. Turkey has also recently taken important steps in this area and the energy storage market is expected to grow rapidly. Following the latest legal regulations, EMRA granted a total of 34 GW of storage pre-licenses. Borusan EnBW Enerji, one of Turkey's largest renewable energy companies, has a 400 MW wind power plant with storage pre-license and plans to commission these investments within a few years.

Tyba Co-Founder and CEO Michael Baker says the following about the platform: “Tyba is essentially an autopilot system for batteries. Our platform anticipates opportunities and creates automated instructions and bidding strategies. This gives operators the control and visibility they need to manage their facilities in a profitable and scalable way.”

Defne Kocabıyık Narter; “We are excited to support Tyba”

Defne Kocabıyık Narter, Founder and President of Borusan Ventures, emphasized Tyba's role in increasing the economic feasibility of utility-scale batteries and ensuring their widespread adoption: “Gridscale batteries are an important part of the clean energy transition. Using artificial intelligence, Tyba optimizes strategies in both the development and operations phase of storage assets, thereby increasing profitability. Their success with major energy companies in the US clearly demonstrates their impact. We are excited to support Tyba on their growth journey.”