Clear Current Raises $4M+ to Launch Industry-First AI Virtual Energy Manager for Enterprises
In a major development poised to reshape enterprise energy management, Clear Current, a pioneering AI platform offering the first comprehensive virtual energy manager, has successfully raised over $4 million in a significantly oversubscribed Seed funding round. The round was led by Rho Ignition and included participation from Coreline Ventures and the Avesta Fund, showcasing broad investor confidence in Clear Current’s transformative potential.
The funding comes at a crucial inflection point for the energy sector. With commercial and industrial businesses under increasing pressure from volatile energy markets, complex regulatory requirements, and aggressive sustainability targets, the need for advanced, automated, and intelligent energy management solutions has never been greater. Clear Current intends to meet that need by reimagining how enterprise-level organizations monitor, manage, and optimize their energy usage using artificial intelligence.
Revolutionizing Energy Management with AI
Clear Current is introducing a new category of enterprise energy software known as Energy Enterprise Resource Planning (EERP). This system is powered by advanced machine learning algorithms and is designed to function as a virtual energy manager operating around the clock. The platform automates tasks that traditionally required dedicated personnel, months of manual data review, and specialized energy market expertise.
At the heart of Clear Current’s innovation is its proprietary AI system, which leverages natural language processing and predictive analytics to digest and act upon vast quantities of energy-related data. From procurement contracts and utility bills to load forecasts and real-time consumption patterns, the AI ingests and analyzes a broad array of inputs. It then synthesizes insights and recommendations in an easily interpretable format, enabling corporate energy teams to make data-driven decisions in minutes rather than months.
“The world of energy management has changed drastically in the past decade, but the tools available to businesses have not kept pace,” explained John Reuter, CEO of Clear Current. “Static dashboards and periodic reports no longer suffice. Enterprises need intelligent agents that provide constant oversight, adaptive planning, and actionable insights. That’s exactly what our virtual energy manager delivers.”
A Team Built for Innovation at Scale
Clear Current’s leadership brings together seasoned professionals from across the energy, AI, and infrastructure sectors. CEO John Reuter previously played a key role in scaling Bloom Energy from its early stages through to a successful IPO. Before that, he served as a nuclear submarine officer, lending him a deep understanding of complex energy systems and operational rigor.
Joining Reuter is CTO Jake Masters, a serial entrepreneur and former Chief Technology Officer at Redaptive, where he spearheaded product development for large-scale energy efficiency solutions. COO Eric Hines rounds out the executive team, bringing operational and strategic expertise from his time rebuilding Puerto Rico’s energy grid and serving as an Army officer focused on infrastructure resilience.
Together, the team combines extensive domain knowledge with a track record of building scalable enterprise technology platforms. Their vision is not only to optimize existing energy management practices but to redefine the foundational systems enterprises rely on to meet future energy demands.
AI That Sees What Others Miss
One of the most powerful features of Clear Current’s platform is its ability to parse through thousands of complex, unstructured documents to uncover cost-saving opportunities that would otherwise remain hidden. These documents might include energy contracts, regulatory filings, market forecasts, and operational reports. Clear Current’s AI engine identifies inconsistencies, inefficiencies, and strategic opportunities within them—essentially performing the work of an entire energy analytics team in real time.
The platform also includes autonomous procurement capabilities, continuously evaluating supplier offerings and helping enterprises switch to more favorable energy providers or rate structures. A built-in intelligent tariff analysis tool further enables companies to identify and shift to optimal pricing schemes based on evolving consumption patterns. Additionally, the software features an interactive asset-mapping system that helps organizations visualize, categorize, and strategically plan energy usage across facilities and geographies.
This holistic and intelligent approach to energy management is already being piloted in real-world enterprise settings. One notable early adopter is Anheuser-Busch InBev (AB InBev), one of the largest beverage companies in the world.
Enterprise Pilots and Industry Validation
“Managing global energy operations means dealing with massive volumes of data scattered across multiple platforms and regions,” said Adam Spunberg of the 100+ Accelerator, a corporate sustainability program backed by AB InBev, The Coca-Cola Company, Colgate-Palmolive, Danone, and Unilever. “Clear Current’s virtual energy manager offers an elegant and scalable solution. It has the potential to transform how global teams monitor and streamline their operations while staying agile in the face of market fluctuations.”
Such endorsements reflect not only the technical sophistication of the Clear Current platform but also its real-world applicability and relevance to corporate sustainability agendas. For large corporations increasingly held accountable for carbon footprints, energy efficiency, and environmental, social, and governance (ESG) metrics, a tool that can deliver measurable improvements and cost savings is invaluable.
Strategic Investment and Regional Growth
Clear Current is headquartered in Albuquerque, New Mexico—a location that reflects the company’s commitment to innovation and regional economic development. New Mexico is becoming an emerging hub for artificial intelligence talent, with its national laboratories, research institutions, and growing startup ecosystem.
“Clear Current is a great example of how visionary companies can help catalyze regional tech ecosystems,” said Sharo Atmeh, Co-Founder and COO of Montauk Climate. “By anchoring in New Mexico, the company is tapping into a wellspring of AI expertise and creating high-quality technology jobs in a state ready for growth.”
Montauk Climate, one of Clear Current’s early backers, focuses on building and investing in companies at the intersection of technology, climate, and infrastructure. Its portfolio includes other forward-thinking firms such as Raad, an AI-driven grid management startup, and Adaptive Insurance, a platform for climate-resilient coverage.
Scaling Impact and Intelligence
As industrial and commercial energy costs continue to rise, the need for proactive, intelligent systems will only grow more urgent. According to industry estimates, C&I power rates in the United States are projected to double over the next decade due to aging infrastructure, energy transition policies, and increased grid demand. In this context, Clear Current’s platform stands out not just as a software product, but as a strategic tool for resilience.
“Businesses don’t just need better tools—they need entirely new systems capable of adapting in real time,” said Dan Ruch, General Partner at Rho Ignition. “Clear Current is that system. The leadership team has unmatched credentials in energy, AI, and software development. We’re proud to back a company that’s redefining an entire market.”
The new capital will support Clear Current’s continued product development, go-to-market expansion across the U.S., and customer success initiatives. The company also plans to deepen partnerships across the energy value chain, including utilities, sustainability consultancies, and facility management firms.
