What is Fast?
Advanced Microgrid Solutions (AMS), operating as Fast, specializes in energy analytics and management. The company offers a unique platform designed to optimize energy consumption for large commercial and industrial users, as well as utilities. Their Armada platform leverages real-time data to generate customized energy profiles, identifying opportunities for cost savings and revenue generation through advanced energy storage and load control technologies. AMS collaborates with leading technology providers to deliver bespoke solutions tailored to client needs, ensuring maximum efficiency and reliability in the energy sector. The company's focus on innovation and deep expertise positions it as a transformative force in making the energy landscape cleaner, more affordable, and more reliable.
How much funding has Fast raised?
Fast has raised a total of $63.8M across 6 funding rounds:
Debt
$1M
Multiple Rounds
$26.1M
Series B
$34.7M
Debt
$2M
Debt (2014): $1M, investors not publicly disclosed
Debt (2015): $1.3M, investors not publicly disclosed
Series A (2015): $18.8M supported by Engie SA and DBL Partners
Private Equity (2015): $6M featuring Engie SA
Series B (2017): $34.7M backed by Energy Impact Partners, AGL, DBL Partners, Southern Company, and Macquarie Capital
Debt (2020): $2M with participation from PPP
Key Investors in Fast
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future. The firm collaborates with leading innovators and major energy companies to foster a cleaner and more resilient energy landscape.
DBL Partners
DBL Partners focuses on growth companies with a strong emphasis on Clean Tech, Information Technology, and Sustainability-Oriented Products and Services. They implement a proprietary approach to leveraging public sector, university, and not-for-profit resources to benefit their portfolio companies and regional development.
Engie SA
ENGIE provides electricity, natural gas, and energy services, operating globally with a focus on innovation in the energy sector. Founded in 1946, the company is based in France.
What's next for Fast?
The substantial enterprise-level backing and recent strategic investment indicate that Fast is poised for significant scaling and market penetration. This capital infusion will likely be directed towards enhancing its Armada platform, expanding its sales and marketing efforts, and potentially exploring new market segments or geographical regions. The company's trajectory suggests a focus on solidifying its position as a leader in energy analytics and management, driving further innovation in grid optimization and renewable energy integration. Strategic partnerships and continued technological advancement will be key to Fast's future success in the evolving energy market.
See full Fast company page
