Total's corporate venturing unit has invested an undisclosed sum in distributed wind energy company United Wind, four months after Statoil provided $3m in series B funding.
Total Energy Ventures (TEV), the corporate venturing vehicle for oil and gas company Total, has invested an undisclosed amount in US-based distributed wind energy provider United Wind.
United Wind installs and manages small wind turbines sized between 10kW and 100kW on behalf of homes and small businesses. Customers pay for the turbines in instalments using money saved from their power bills.
Although the amount provided by TEV has not been revealed, a securities filing from late last month indicated United…
