Sunverge Energy Closes $15M Series B Financing

Sunverge Energy, Inc., a Stockton, CA-based developer and manufacturer of distributed energy management systems, closed a $15m Series B financing.

The round was led by the Southern Cross Renewable Energy Fund with participation from the Venture Capital Unit of Siemens and Total Energy Ventures International.

The company intends to use the funds to exploit growth opportunities in key markets worldwide.

Founded in 2009 and led by Kenneth Munson, President and CEO, Sunverge has created the Sunverge Solar Integration System (SIS), a distributed energy storage solution which combines batteries, power electronics, and multiple energy inputs with software running locally and in the cloud.
The company currently has nearly 300 SIS units in operation at customer sites across the United States, Australia, New Zealand, Germany, and South Korea.



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