With new funding, ENGIE-backed Amplicity aims to commence its first commercial battery use optimisation projects in Singapore and expand operations in Australia.
Amplicity, an energy asset optimisation company, announced it has raised $1 million in a seed funding round. The announcement comes amid increased focus on energy costs, grid stability, and decarbonisation targets in Asia-Pacific energy markets.
The round was led by strategic angel investors. As for the institutional investors participation, French carbon-neutral energy transition player ENGIE continues to be the startup’s shareholder.
The company said it will use the funds to deploy its first commercial projects in Singapore and expand activity in Australia.
Amplicity provides a control system for backup batteries used at industrial sites and data centres in APAC region, facilities whose capacity is rising by about 20% annually driven by AI demand. The backup for such industry venues includes uninterruptible power supply (UPS) systems. The company said such systems are typically idle most of the time. To use this idle power, the startup’s solution allows battery assets to be used for peak electricity management and participation in energy markets. Amplicity said this can reduce electricity costs and generate revenue while maintaining backup functionality. The system operates within site-defined limits.
The company, which operates on a performance-based model without upfront capital expenditure, stated that it focuses on four outcomes: lower electricity costs, revenue from energy markets, Scope 2 emissions reduction, and performance reporting.
Stéphane Leyo, CEO of Amplicity, said:
“For years, backup energy systems like UPS have been treated as passive insurance: essential but unproductive. What’s changing today is that these assets can be actively operated to both enhance resilience and generate measurable financial returns.” He added: “With rising energy costs, increasing grid volatility and tighter decarbonisation targets, we’re seeing a clear shift: operators are moving from static safety margins to dynamically managed energy infrastructure. This funding allows us to deploy alongside early adopters in Singapore and Australia and prove that model at scale.”
In Singapore, energy market rules allow large consumers to participate in demand response and other grid services through the wholesale electricity market. According to the Energy Market Authority, demand-side participation is part of efforts to improve grid flexibility and manage peak demand on a national level.
In Australia, the Australian Energy Market Operator also reports increasing use of distributed energy resources, including batteries, to support grid reliability and manage price volatility.
Since both prospective expansion markets have introduced frameworks that enable commercial and industrial users to monetise energy flexibility, the startup’s plans to launch or expand operations there seem a natural fit. Amplicity’s model aligns with these markets’ economic and regulatory mechanisms by enabling existing battery systems to participate in energy-efficiency programmes.
