By Jordan Blum
Publication Date: 2026-03-31 11:00:00
While working at a major renewable energy developer, Varun Sivaram realized that the boom in AI and data centers were outpacing the construction of new power generation, even as wait times for grid interconnections grew longers.
“I realized we couldn’t build our way out of this. We needed intelligent demand,” Sivaram told Fortune.
In a bid to address this need, Sivaram founded a software company called Emerald AI to develop grid flexibility for data centers—essentially reducing power consumption at times of peak load demand on the grid during the hottest or coldest days each year—without harming the AI operations.
In addition to heightened energy efficiency, the goal is to speed up the time for AI factories and their power generation to connect to the grid while maintaining “the five nines”—the industry term for 99.999% reliability.
Let’s call it Disney FastPass approach—now known as the Lightning Lane—for quickly moving ahead in the grid queue.
“We call it flexible-load fast track,” Sivaram said, correcting the Disney reference with a laugh.
Emerald AI’s pitch quickly won financial backing and support from Nvidia, which has helped to fast-track the company’s growth and the deployment of the AI software. “An AI for AI,” he said.
On March 31, Emerald AI announced the completion of a $25 million strategic funding round with Nvidia’s NVentures, Eaton, GE Vernova, Radical Ventures, Salesforce, Samsung, Siemens, and…
