A Stockton, California-based developer and manufacturer of distributed energy management systems Sunverge Energy, Inc. announced it has raised $15 million in series B financing round.
Sunverge Energy, Inc. a leading developer and manufacturer of distributed energy management systems, announced today the closing of a $15 million Series B financing round led by the Southern Cross Renewable Energy Fund and joined by the Venture Capital Unit of Siemens and Total Energy Ventures International. The investment will support immediate growth opportunities for Sunverge in key markets worldwide.
Sunverge was founded in 2009 with the vision of combining solar, storage, and smart controls to maximize value for both electricity consumers and providers. That vision led to the creation of the Sunverge Solar Integration System (SIS), a distributed energy storage solution which combines batteries, power electronics, and multiple energy inputs with software running locally and in the cloud. Sunverge currently has nearly 300 SIS units in operation at customer sites across the United States, Australia, New Zealand, Germany, and South Korea.
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