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

Senior Editor Greentech Media

Resources deploy the smart meter collar 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 choose U.S. Resources to guide distributed solar, has closed a $7 million show B circular round to simply help roll down a brand new form 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 money to date to about $11 million, including a $1.1 million Series the in 2017 and about $850,000 in money from early-stage sources such as the Energy Department’s SunShot Initiative. More