Connect DER Draws Investment From Avista in Present Funding Round

Connect DER Draws Investment From Avista in Present Funding Round

The grid side startup is defined to roll down its next generation of products, that really help monitor and orchestrate behind-the-meter solar and storage space.

Senior Editor Greentech Media

Resources deploy the meter that is smart to aid monitor behind-the-meter resources. (Credit: ConnectDER)

ConnectDER, a startup by having a meter that is smart unit that is been implemented within the thousands by choose U.S. Resources to guide distributed solar, has closed a $7 million show B circular round to greatly help roll away a brand new version of its system targeting behind-the-meter batteries and plug-in electric automobiles.

This week’s round had been led by Clean Energy Ventures, Skyview Ventures and Avista developing, the arm that is unregulated of Northwest energy Avista. The round brings the Arlington, Va. -based startup’s total financing to date to about $11 million, including a $1.1 million Series A in 2017 and about $850,000 in capital from early-stage sources such as the Energy Department’s SunShot Initiative.

ConnectDER’s part with SunShot would be to touch the potential of this meter socket — the circular hole where the normal North American meter plugs as a building’s electrical system — as “an underutilized asset for onboarding DERs to your grid, ” CEO Whitman Fulton stated. Read more