Euclid, the operating system for renewable energy M&A, project development, financing, and operations, today announced the acquisition of Thresh Power, an AI-powered platform that automates diligence for renewables projects.
AI is driving an extraordinary surge in power demand—U.S. electricity consumption is projected to grow 25% by 2030—but supply can only scale as fast as the teams evaluating, financing, and building the projects. Evaluating a single solar project means working through a typical data room of thousands of documents: interconnection studies, land agreements, permitting files, environmental assessments, and engineering reports. Some of the most critical documents have upwards of 30 versions. Every deal carries its own site-specific constraints, local regulatory context, and utility relationships that don’t map onto any standard template.
Euclid empowers renewable energy teams to deliver more projects with speed, precision and ease. Since 2021, Euclid has supported more than 1,100 renewable energy projects representing over 22 gigawatts of solar and storage capacity. They provide developers, IPPs, and infrastructure investors with a single source of truth for project data, purpose-built workflows for transaction management, financing, and compliance, and the technical and commercial expertise to make high-stakes decisions at every stage of the project lifecycle. Euclid’s renewable energy specialists work as an extension of their clients’ teams — identifying gaps, mitigating risks, and bringing the hands-on industry experience needed to deliver renewable energy projects at scale. Earlier this year, Euclid launched Red Flag Snapshot, which combines AI-driven document analysis with Euclid’s deep renewables expertise to deliver a decision-ready diligence report within 24 hours.
“AI has the potential to fundamentally transform how renewable energy projects get evaluated, developed, acquired, and operated. It can unlock the industry’s ability to respond to growing power demand at a speed and scale that changes what’s possible,” said Jacob Sandry, CEO of Euclid. “We are seeing Thresh turn this vision into a reality with an AI-native tool purpose-built for the complexity of solar and storage project diligence. Everything we build at Euclid is aimed at helping renewable energy teams move projects forward faster and with greater confidence. Layering Thresh’s AI into our suite of software and services will accelerate how our customers deliver projects.”
Thresh was co-founded by Mark Grozen-Smith, a former Google Product Manager, and Lyon Lay, a former software engineer at Voltus, who together saw an opportunity to bring genuinely sophisticated AI tooling to renewable energy diligence. Their platform is designed with AI in its foundation to handle the volume, inconsistency, and complexity of renewable energy project data rooms, extracting critical inputs and surfacing the details that drive investment decisions. The result is a tool that lets teams interact directly with their project data, surface insights quickly, and spend less time hunting for information and more time acting on it.
The acquisition pairs Thresh’s ability to extract and synthesize complex project data with Euclid’s technical, commercial, and financial expertise across development, financing, and M&A, giving teams what they need to move from raw data room to investment decision faster and with greater confidence. Euclid will integrate Thresh’s AI capabilities into its suite of software and services, expanding the tools its renewable energy specialists can use to deliver services across the project lifecycle, from transaction management and financing to compliance and construction oversight.
“The foundation of our quality of life is our infrastructure, but infrastructure development requires us to align an infinite number of details, which historically meant thousands of human-hours of work. Our vision with Thresh is to let AI rewrite that story and accelerate our infrastructure development,” said Mark Grozen-Smith, CEO of Thresh. “The best fuel for that fire is pairing up with industry veterans who can insert our AI capabilities directly into the process. Euclid’s expertise, network, and top-tier execution team is a huge multiplier for Thresh that will set our clients ahead in the industry with high quality, high confidence development decisions and processes.”
About Euclid
Euclid empowers renewable energy teams to accomplish in days what typically takes weeks by uniting technical, commercial, and financial expertise with purpose-built software. Euclid’s disciplined workflows — refined through more than 1,100 projects and over 22 gigawatts of solar and storage experience — deliver precision, quality, and speed without the chaos. Founded in 2021, Euclid is backed by investors including Venrock, HSBC Asset Management, and Spero.
For more information, visit www.euclidpower.com.
About Thresh
Thresh is an AI platform to manage infrastructure M&A and investment. Understanding an energy project requires reading tens of thousands of pages of interconnection studies, mineral rights agreements, offtake contracts, and more, and risks to the project can hide in any corner of those documents. Thresh has infrastructure development reasoning built in it’s AI tooling so thousands of documents can be digested into timelines, validated assumptions sheets, and red flag analyses. Top developer and investment teams have evaluated hundreds of utility and community scale projects on Thresh since their founding in 2024 with investment from Informed Ventures and Siam Capital.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428832434/en/
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