Green Charge Networks stores away $56m

Jul 31, 2014 • Robert Lavine

K Road DG supplied the cash, which will be used to scale up installation of Green Charge's intelligent energy storage systems.

US-based energy storage technology developer Green Charge Networks secured $56m in funding on Tuesday from K Road DG, a distributed energy and smart grid business.

In addition to the funding, K Road DG, formed earlier this year by former executives of independent power producer K Road Power, will also provide management assistance to Green Charge as it ramps up deployment of its GreenStation intelligent energy storage technology.

GreenStations have already been installed by retailers 7-Eleven and Walgreens, delivery company UPS…

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