Enbala Raises $12M Investment Led by Grid Software Partner ABB
2017-02-24 - New funding to bring startup’s technology from behind-the-meter loads to grid integration of distributed energy - GreenTech Media article by Jeff St. John - February 23, 2017Enbala has just cemented its partnership with ABB with a new funding round. On Thursday, the Vancouver, Canada-based startup announced $12 million in Series B venture financing, led by ABB Technology Ventures, the venture arm of the Swiss grid giant.
The funding comes on the heels of ABB announcing last month that it has picked Enbala’s technology to build out its distributed energy resource management system (DERMS) -- an extension of its grid software to behind-the-meter resources. That can include solar PV, on-site generators, batteries and other generation assets, as well as pumps, chillers, fans, lights, and other energy-consuming devices that can be turned on and off in response to on-site or grid-side needs.
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