Sunverge, a San Francisco, CA-based provider of a Distributed Energy Resource (DER) control and aggregation platform, raised $11m in funding.
The round was led by Ecosystem Integrity Fund with participation from Equinor Energy Ventures and Evergy Ventures.
The company intends to use the funds to continue to expand and evolve its platform.
Led by Martin Milani, CEO, Sunverge Energy provides an open dynamic platform for Virtual Power Plants (VPP), a grid-aware and dynamic power source built from the aggregation of behind-the-meter DERs (distributed energy resources). The company’s VPP platform provides dynamic co-optimization of services on both sides of the meter, allowing customers to intelligently manage their own renewable energy generation and utilities to manage their infrastructure investments, reducing generation costs, increasing system reliability, and meeting their renewable energy goals.
Together with the Sunverge Infinity edge controller, the platform provides intelligent dynamic near real-time control over decentralized energy resources that is responsive to utilities and their customers.