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 set to roll away its next generation of products, that really help monitor and orchestrate behind-the-meter solar and storage space.

Senior Editor Greentech Media

Utilities deploy the meter that is smart to simply help monitor behind-the-meter resources. (Credit: ConnectDER)

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

This week’s round had been led by Clean Energy Ventures, Skyview Ventures and Avista developing, the unregulated supply of Pacific 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 capital from early-stage sources like the Energy Department’s SunShot Initiative.

ConnectDER’s part with SunShot would be to touch the possibility of this meter socket — the circular gap where the standard North American meter plugs in to a building’s electrical system — as “an underutilized asset for onboarding DERs towards the grid, ” CEO Whitman Fulton stated. (more…)