Enbala Power Networks, a Vancouver, BC, Canada-based provider of distributed energy resource management solutions, received a $3m investment.
San Francisco, CA-based early stage venture capital firm Obvious Ventures made the investment joining previous investors GE Ventures, Edison International and others.
The company, which had raised $11m in equity financing earlier in the year, will use the funds to extend and enhance its technology platform, which aggregates, controls, optimizes and dispatches distributed energy in real-time.
Led by Bud Vos, President and CEO, Enbala provides a distributed energy resource management system (DERMS) platform that captures and aggregates available customer loads, energy storage and renewable energy sources to form a network of continuously controlled energy resources. The platform dynamically optimizes and dispatches these resources to respond to the real-time needs of the power system – all without impacting customer operations.
It is used by New Brunswick Power, PJM Interconnection, IESO and other utilities and grid operators.
FinSMEs
16/09/2015