Smart Energy Instruments, a Toronto-based developer of microchips for the smart grid, has landed a $5.6 million round of financing. It was led by 3M New Ventures, but included investments by existing equity holders Venturelink Funds, ArcTern Ventures and the Ontario Capital Growth Corp.
Mati Kochavi, founder of smart city and Internet of Things (IoT) company AGT International, has launched a new investment company that will focus on startups in the IoT and related technologies arena. Moonscape Ventures has $120 million in the bank.
The Bi-Direx inverter module from Eguana Technologies has been put through its pace by a US developer of next generation battery technology and come through with flying colours, according to the Calgary-based company.
ENBALA Power Networks has joined the Microgrid Alliance (MGA) as a founding member, the company announced last week. Formed in February 2014, MGA’s mission is to advocate for the expansion of microgrids.
Utilities looking for standardized automated demand response (ADR) products and solutions now have another vendor to choose from after Toronto-based ENBALA Power Networks announced its membership to the OpenADR Alliance late last month.