Pearl Street
Automates the engineering studies that utilities need before they approve a new connection.
- Revenue
- Bought by Enverus (Mar 2025), which Blackstone is buying
- Growth
- Bought by Enverus in March 2025
- Listed
- Private
Studies are a bottleneck, and automating them shortens each connection request.
Its tools are now part of a larger owner, so its direction depends on Enverus.
Money coming in
Who pays Pearl Street, and for what.
No customers of Pearl Street mapped yet.
Money going out
Who Pearl Street pays to do what it does.
No suppliers of Pearl Street mapped yet.
Where it sits on the map
Competitors and neighbours
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$150M at a $1.05B valuation (Aug 2026). Nvidia, Siemens and GE Vernova invested
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Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)
Open profileMakes power, cooling and control equipment for data centres and grids.
H1 2026 revenue of EUR 21.2B (six months to June 2026)
Open profileMakes gas turbines, grid equipment and transformers that power data centres and utilities.
Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)
Open profileMakes solid-state transformers, a faster-to-build alternative to the traditional iron-core kind.
$140M Series B led by a16z and Breakthrough Energy (Feb 2026)
Open profileSoftware that shows developers where the grid has spare capacity to connect new loads.
Reportedly profitable with 100+ developer customers
Open profileSources: latitudemedia.com
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