Soma Energy has officially launched with a funding round of $7 million, aiming to enhance energy management for power producers and data centers. The Vancouver-based startup, which was established by former Amazon energy executives, offers an AI platform designed to optimize energy assets, thereby maximizing efficiency and minimizing costs.
Founded in February 2024, the company employs 18 individuals and has already implemented 2 gigawatts of assets in the United States. Its technology integrates renewable resources like solar and wind while managing energy demands from data centers. CEO Ath Caramanolis likened the electrical system to a network of roads, where electrons are the vehicles navigating these pathways.
As demand for energy surges, particularly due to the increasing power requirements of data centers—projected to rise from 82 gigawatts in 2025 to 219 gigawatts by 2029—Soma Energy aims to provide solutions that optimize grid utilization. Co-founders Mario Souto and Henrique Hoeltgebaum contribute expertise in technology development and AI-driven analytics, respectively, to further the startup’s mission.