Enbala Power Networks raises $12 mln in ABB-led Series B
Enbala Power Networks, a Vancouver distributed energy resource management specialist, has secured $12 million in a Series B financing. The round was led by ABB Technology Ventures, the venture arm of European technology multinational ABB. It was joined by National Grid, GE Ventures, Chrysalix Venture Capital and Obvious Ventures. Founded in 2003, Enbala develops software that aggregates electricity demand, along with energy storage and renewable energy sources, to create a network of optimized distributed energy sources. The funds raised will help scale its solutions. Enbala's other investors include EnerTech Capital.
23 February 2017•4 mins read
