Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage

Over the past six years, Enbala Networks has put its software to use connecting, aggregating and managing megawatts' worth of energy-using systems, such as industrial pumps, refrigerators, and other loads that can be curtailed or ramped up to meet grid needs. That makes it a top contender in the world of distributed energy resource management software (DERMS) providers -- aiming to manage the complex interplay of distributed energy endpoints with the needs of utilities and grid operators.

On Monday, the Vancouver, Canada-based startup announced $11 million in new equity financing from GE Energy Ventures and Edison International subsidiary Edison Energy. The new round brings Enbala’s total financing to date to $27 million, and brings two new strategic investors on board for the startup’s next moves into broader commercial applications, CEO Bud Vos said.

For the full article, please click here.

Back to News

Get the latest EnerTech Capital news
direct to your inbox