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

Senior Editor Greentech Media

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

ConnectDER, a startup having a meter that is smart unit that is been implemented into the thousands by choose U.S. Resources to aid distributed solar, has closed a $7 million show B circular round to greatly help roll down a brand new form of its system targeting behind-the-meter batteries and plug-in electric automobiles.

This week’s round ended up being 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 money to date to about $11 million, including a $1.1 million Series the in 2017 and about $850,000 in financing from early-stage sources such as the Energy Department’s SunShot Initiative.

ConnectDER’s part with SunShot would be to touch the potential of this meter socket — the round gap where the normal North American meter plugs as a building’s electrical system — as “an underutilized asset for onboarding DERs into the grid, ” CEO Whitman Fulton stated. Distributed energy resources mainly relate to rooftop solar power panels, but DERs also can consist of behind-the-meter batteries, plug-in electric cars, smart devices or house energy settings.

ConnectDER’s option would be a meter collar that plugs in involving the meter and also the socket, with metering, data-collection capability and computing power commensurate using the latest generation of smart meters. This permits resources which haven’t yet implemented meters that are smart gain the exposure into minute-by-minute operations of solar systems as well as other DERs. Continue reading Connect DER Draws Investment From Avista in Hottest Funding Round