Enbala Power Networks, a Vancouver, B.C., Canada-based developer of solutions for distributed energy resource management, raised $11m in equity financing.
Backers included new investors GE Ventures and Edison Energy, a subsidiary of Edison International and existing investors Export Development Canada, EnerTech Capital Partners, Sorfina Capital and Chrysalix EVC.
The company intends to use the funds to extend and enhance its technology platform.
Led by Bud Vos, CEO, Enbala Power Networks provides a platform which aggregates, controls, optimizes and dispatches distributed energy in real-time.
The technology is being used by customers such as PJM Interconnection, New Brunswick Power, IESO and other utilities and grid operators.