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Solar startup Niko is building Mexico’s first virtual power plant
After more than a year of helping solar installers sell, plan, and finance panels for residential and small commercial building owners, Niko found another opportunity.
When Edoardo Dellepiane and Raffaele Sertorio founded Niko Energy in 2023, they saw ample opportunity in Mexico’s underdeveloped solar market. The renewed focus on Mexico and the VPP initiative represent a shift from the company’s previous strategy, which envisioned copy-pasting its solar installation offering across Latin America. To facilitate more installations, and to develop the VPP platform, Niko has raised an $8 million in equity, the company exclusively told TechCrunch.
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