Grid modernization and interconnection activity are driving demand for tools that unify generation and transmission planning with market analysis.

General Atlantic has invested in PowerGEM, a provider of advanced simulation software and technical services for power grid engineering and energy market efficiency, through its BeyondNetZero fund.

Concurrent with the investment, PowerGEM acquired Telos Energy, an engineering consultancy specializing in complex power system analysis and market forecasting.

PowerGEM serves a North American customer base that includes every U.S. power system operator and many of the industry's largest utilities, power producers, energy developers, consultants, and traders.

The company operates from four U.S. offices: Cambridge, Massachusetts; Clifton Park, New York; Hoover, Alabama; and Milwaukee, Wisconsin.

Founded in 2000, PowerGEM integrates transmission planning, re.

The investment gives PowerGEM capital to accelerate product integration, enhance AI-enabled capabilities, broaden commercial reach, and pursue additional acquisitions.

TA Associates, which first backed PowerGEM in 2024, remains a shareholder.

Since TA's involvement, PowerGEM has completed four acquisitions, the latest being Telos Energy.

Telos co-founders Matthew Richwine and Derek Stenclik will join PowerGEM's leadership team.

Lazard served as financial advisor to PowerGEM and TA Associates.

Goodwin Procter provided legal counsel to PowerGEM and TA, while Paul, Weiss, Rifkind, Wharton & Garrison advised General Atlantic.