Connect DER Draws Investment From Avista in Hottest Funding Round

Connect DER Draws Investment From Avista in Hottest Funding Round

The grid side startup is placed 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 smart meter collar to simply help monitor behind-the-meter resources. (Credit: ConnectDER)

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

This week’s round ended up being 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 capital to date to about $11 million, including a $1.1 million Series A in 2017 and about $850,000 in financing from early-stage sources like the Energy Department’s SunShot Initiative.

ConnectDER’s part with SunShot would be http://www.https://paydayloansnewjersey.org/ to touch the possibility of this meter socket — the hole that is round the normal North American meter plugs as a building’s electrical system — as “an underutilized asset for onboarding DERs into the grid, ” CEO Whitman Fulton stated. (more…)