Energy storage software developer Greensmith has boosted its latest round to $18.3m after E.ON added to a round that already included $5m from American Electric Power.
US-based energy storage software and integration services provider Greensmith closed an $18.3m series C round on Wednesday after securing funding from energy utility E.ON.
Energy utility American Electric Power is also a participant in the round, having invested $5m in Greensmith in September this year as part of the $12.3m first tranche of the round.
Founded in 2013, Greensmith’s GEMS software platform optimises the energy storage process, helping to lower costs and increase return on investment. The company claims its…
