Connect DER Draws Investment From Avista in Present Funding Round

The grid side startup is scheduled 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 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. Utilities to guide distributed solar, has closed a $7 million show B circular round to greatly help roll out an innovative new form of its system targeting behind-the-meter batteries and plug-in electric vehicles.

This week’s round had been led by Clean Energy Ventures, Skyview Ventures and Avista Development, 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 money from early-stage sources like the Energy Department’s SunShot Initiative.

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