Enbala Power Networks, a Vancouver, CA-based provider of virtual power plant (VPP) and distributed energy resource management software (DERMS), received an approx. $5.5m investment from Zoma Capital.
Zoma’s investment marks the second close of Series B financing, bringing the Series B total to $17.5m. Enbala had announced a $12M Series B venture capital financing earlier in 2017 from ABB Technology Ventures, Chrysalix Venture Capital, GE Ventures, National Grid, and Obvious Ventures.
Zoma Capital is the investment arm for the family office of Ben and Lucy Ana Walton, based in Denver. Zoma Capital invests in a broad range of market-based sustainable solutions addressing environmental and social problems, with an emphasis on energy, water and community development and with a geographic focus on Colorado and Chile.
Led by President and CEO Arthur “Bud” Vos, Enbala provides a real-time energy-balancing platform which 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.