Connect DER Draws Investment From Avista in Present Funding Round
The grid side startup is placed to roll away its next generation of products, that really help monitor and orchestrate https://paydayloanstexas.org reviews behind-the-meter solar and storage space.
Senior Editor Greentech Media
Resources deploy the smart meter collar to simply help monitor behind-the-meter resources. (Credit: ConnectDER)
ConnectDER, a startup with a smart meter socket unit that’s been implemented into the thousands by choose U.S. Resources to aid distributed solar, has closed a $7 million show B circular round to simply help roll away a fresh type of its system targeting behind-the-meter batteries and plug-in electric vehicles.
This week’s round had been led by Clean Energy Ventures, Skyview Ventures and Avista developing, the unregulated supply of Pacific Northwest energy Avista. The round brings the Arlington, Va. -based startup’s total financing to date to about $11 million, including a $1.1 million Series A in 2017 and about $850,000 in financing from early-stage sources like the Energy Department’s SunShot Initiative.
ConnectDER’s part with SunShot would be to touch the potential of this meter socket — the hole that is round the normal North American meter plugs in to a building’s electrical system — as “an underutilized asset for onboarding DERs into the grid, ” CEO Whitman Fulton stated.