EQORE Co-founders (L-R): Donald Groh, Valeriia Tyshchenko, and Jorge NinEQORE, a distributed battery storage startup, has raised $1.7 million in a seed funding round to scale its on-site energy storage solutions for industrial and commercial facilities.
The funding round was oversubscribed and attracted investors including the Massachusetts Clean Energy Center (MassCEC), Henry Ford III, Jonathan Kraft, and other clean energy advocates. The capital will be used to expand deployment of EQORE’s behind-the-meter battery systems, which store and release electricity during peak demand periods, allowing industrial facilities and commercial sites to manage costs and reduce strain on local grids.
“With commercial and industrial buildings vastly overlooked for battery storage, EQORE is closing that gap,” said Susan Stewart, Head of Investments at MassCEC. “Their solutions provide both economic and operational value, while supporting broader grid stability.”
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Wholesale electricity rates in major industrial and data center hubs have increased by 267% over the past five years, driving a critical need for solutions like EQORE’s. By installing battery systems at the facility level, companies can cut peak energy costs, balance load fluctuations, and avoid operational disruptions.
“Our system installed by EQORE at our New Hampshire facility has exceeded our expectations for performance, monitoring, and reporting. We are now planning deployments at additional locations,” said a representative from industrial customer Aalberts Surface Technologies.
Co-founder and CEO Valeriia Tyshchenko said the funding will allow EQORE to grow its engineering and operations teams, accelerate deployments across the U.S., and continue refining its full-service model, which includes installation, real-time monitoring, and optimization of energy storage assets.
“Distributed battery storage is increasingly critical as industrial and commercial electricity demand rises, especially with ongoing shifts toward electrification,” Tyshchenko said. “Our mission is to make on-site storage accessible and effective for all facility types, helping businesses save money while contributing to a more resilient grid.”
As energy prices remain volatile and the demand for industrial and commercial electricity continues to climb, EQORE’s approach demonstrates a scalable path for facilities to control costs, increase operational efficiency, and contribute to grid flexibility. The startup’s seed round reflects growing investor confidence in behind-the-meter energy solutions and the role they play in the clean energy transition.
EQORE was founded in 2024 by three technical entrepreneurs: Valeriia Tyshchenko, Donald Groh, and Jorge Nin. Tyshchenko, an MIT alumnus, previously worked in Tesla’s battery division and at X1 Wind. Groh, a Duke graduate, brings operational and construction experience, while Nin, with a background in mechanical engineering and experience at Apple and EV‑charging startup Electric Era, leads the technical and engineering vision at EQORE.
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