GridPoint, the provider of energy storage appliances for the home, announced $21mm in funding, mostly from Goldman Sachs. Also announced was a demand response co-marketing arrangement with Goldman's subsidiary Cogentrix. This could be an indication that Cogentrix is going to be more directly taking on existing demand response players such as Comverge, EnerNOC and ConsumerPowerline -- a fast growing market segment that has attracted a lot of cleantech VC interest.
BPL Global, a provider of broadband over powerline for "third pipe" and smart grid applications, announced a $25mm Series C. Interestingly, a Kuwait-led consortium provided the financing, including existing investor Al-Deera Holding, and new investors International Financial Advisors, Kuwait Holding Company, and International Finance Company. Other existing investors include DQE Communications, PA Early Stage, SZAR Partners and the company's founders.
- Use energy, water and other raw materials more efficiently and productively,
- Deliver equal or superior performance,
- Improve customer profitability, through cost reduction and/or increased revenues, and
- Create less waste or toxicity
...compared to incumbent technologies
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