Create Energy Enters Robotics via Acquisition

- The defunct Graze Robotics had previously raised approximately $9.2 million from retail investors through a Regulation A+ offering that concluded in June 2021, followed by a $15 million Series A round in April 2022. - Despite its fundraising success, Graze Robotics ceased operations in 2025 after reporting net losses of $7.6 million in 2022 and $3.6 million in 2023, with an independent auditor finding no recorded revenues through the end of 2023. - In June 2025, the Graze board of directors initiated an Assignment for the Benefit of Creditors (ABC), a state-level insolvency proceeding that serves as an alternative to a formal Chapter 7 bankruptcy, leading to the liquidation of the company's assets. - Create Energy, founded by CEO Dean Solon, plans to integrate the acquired autonomous mowing technology into its "ON TRACK" ecosystem and Plant Wide Controller (PWC) network, which already manages solar asset components like battery storage, trackers, and inverters. - The acquisition is part of a strategy by Create Energy to offer a "one-stop shop" for solar solutions, simplifying the process of building solar projects to be as straightforward as ordering from a menu. - Graze's technology was not purely conceptual; the company had conducted a pilot program for its autonomous electric mowers at the Dallas-Fort Worth International Airport starting in July 2023. - The broader energy sector is increasingly adopting robotics for tasks like equipment installation and maintenance, with the International Energy Agency noting a 20% increase in wind and solar production efficiency over the last five years due to robotics. - Key applications for robotics in the energy industry include enhancing grid security, managing smart grids, and performing inspections in hazardous environments such as nuclear facilities and offshore platforms.