VC Private Financings for Electric Utility Infrastructure

Eka Systems raises $18,500,000

Eka Systems Inc., which makes wireless sensor products for “smart” metering for gas, water, and electric utilities has raised an $18.5 million B round.  Eka says its products are widely used in both North and South America and in Asia.  Eka says its products reliably network electricity, water and gas meters and control devices into […]

SmartSynch raises $20,000,000

SmartSynch Inc., a global leader in public wireless smart metering technology, announced today that it has raised $20 million dollars in expansion financing.  “We are at the beginning of an unprecedented investment cycle by the utility industry that will result in the widespread adoption of smart metering, demand response and smart grid intelligence solutions,” said […]

eMeter raises $12,500,000

eMeter Corporation today announced it has completed a $12.5 million funding round.  With 20 million meters under contract, eMeter Corporation of San Mateo, California, provides Meter Data Management (MDM) software that enables electric, gas, and water utilities to realize the full benefits of their Advanced Metering and Smart Grid initiatives.  EnergyIP, is a Meter Data […]

Novinium raises $6,000,000

Novinium, Inc., the global leader in cable life extension technology for the utility market, today announced the successful completion of $6 million in new financing.  Novinium has seen triple-digit growth in the past year and has built a solid record in outperforming comparable cable life extension technologies. The latest round of funding will enable Novinium […]

Tendril raises $12,000,000

Tendril Networks Inc., a Boulder, Colo.-based maker of wireless sensors and networks that can help improve energy efficiency, has raised $12 million in Series B funding.  Tendril focuses on bringing 21st century energy efficiency to the energy industry. Our technology facilitates dialogue between consumers and suppliers through an end-to-end energy ecosystem that connects consumer devices […]

GridPoint raises $48,500,000

GridPoint, Inc. closed a $48.5 million Series D financing  GridPoint, Inc., a leading clean tech company, is the pioneer of an innovative smart grid platform that aligns the interests of electric utilities, consumers and the environment through an intelligent network of distributed resources that controls load, stores energy and produces power. Utilities efficiently balance demand […]

IMP Powers raises $4,750,000

IMP Powers Ltd receives funding of Rs.190 Million   IMP is one of the oldest player in the power equipments segment with a product portfolio of various types of transformers, industrial meters and testing equipments. Transformers constitute about 95% of its FY2007 sales  As per the Government of India’s plan, 78,000 MW of power generation capacity […]

eMeter raises capital

eMeter Corp announced today that it has closed a private financing eMeter’s flagship EnergyIP software is an Advanced Metering Information System (AMIS) that combines Meter Data Management (MDM) with a vendor-neutral integration platform linking AMI systems to utility information systems. The suite of EnergyIP AMI Business Process Management applications includes: commercial and industrial interval-data collection, […]

GridPoint raises $16,000,000

GridPoint, Inc.(TM), a provider of intelligent energy management (IEM) products for the utility industry, today announced that it recently closed a $16 million Series B financing to fuel sales and marketing efforts, as well as broaden the company’s product offerings.

Comverge raises $5,500,000

Comverge, Inc., a leading Demand Response company enabling utilities, industry and consumers to better manage peak electricity usage, announced the closing of its $5.5 Million Series “C” Preferred Share financing round and the formation of a strategic alliance with Air Products and Chemicals, Inc. (NYSE: APD)