§ 03 — Portfolio index

Parallel Quarterly ·

No. 27

§ 03 — Portfolio index

No. 27

27

Grid & Energy

Seed

2025

Active

Phaseyard

Interconnection studies in weeks instead of years.

Founded in

Denver, Colorado

Founders

Priya Raman, Lars Eklund

Sector

Grid & Energy

First check

Seed

Year

2025

Status

Active

Before a new solar farm or battery connects to the grid, the utility runs a study. The study can take years, and the queue behind it holds roughly two terawatts of proposed generation and storage. Phaseyard builds the software that runs the study in weeks, using the utility’s own data and leaving the engineer’s judgment where it was.

Priya Raman worked on the planning side of a regional grid operator for ten years. Lars Eklund built power-flow models. The product lets an engineer run, check and compare a study on a laptop, and produces a report the utility can sign. It is meant for engineers who know exactly what a study should say and have no time to wait for it.

Phaseyard has completed studies for five utilities and has 22 more in progress. Median turnaround on a completed study is five weeks. Its first customer renewed after the first quarter, and the second asked for a version that could run on its own servers.

Why we invested

We said no in nine days, with two pages on why, and Priya rebuilt the plan around them. Eleven months later we said yes in six. That is the loop we hope to get with every company, and it happened once.

Colophon

This issue is set in Newsreader, a typeface for long reading by Production Type, with Instrument Sans for the small print. Printed in the browser on 100% post-consumer pixels. No trees were harmed; several laptop fans were mildly inconvenienced.

Paper: #F4F1EA. Ink: #141414. One bottle of oxblood, used sparingly and signed out by both partners.

Pittsburgh

2100 Smallman Street, 3rd floor
Pittsburgh, PA 15222

Rotterdam

Keilestraat 14-B
3029 BP Rotterdam

Partners

Hana Voss, Pittsburgh
Teo Okafor, Rotterdam

Fine print

Nothing on this page is an offer to sell securities. It is, however, a standing offer to read your deck.

© 2026 Parallel Management, LLC

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