Volteras, a data streaming platform for the energy and electric vehicle (EV) sector, has raised $11.1 million in a Series A funding round led by Union Square Ventures. Participants included fleet card providers Wex and Edenred, along with existing...
Kamstrup has agreed to acquire Danish company BD Smart Forsyning from Brødrene Dahl, aiming to accelerate digital solutions for the utilities sector. The deal should enhance Kamstrup’s software capabilities, particularly in communication and...
Polish energy company Enea has secured over PLN 9 billion ($2.4 billion) in financing from Bank Gospodarstwa Krajowego (BGK) to upgrade its distribution network with smart grid technology. The funding comes from Poland’s National Recovery and...
Rhizome, a climate resilience planning platform for power grids, has secured $6.5 million in an oversubscribed seed funding round led by Base10 Partners. The funding will support the expansion of its AI-driven platform, product development, and team...
National Grid has partnered with Kraken Technologies to implement an AI-powered platform aimed at improving operational efficiency for 6.5 million residential, commercial, and industrial customers in Massachusetts and New York. The multi-year...
Berlin-based energy provider Trawa has raised €24 million in a Series A funding round led by Headline, a global VC firm. Other investors include Norrsken VC, Balderton Capital, Speedinvest, AENU, Magnetic, and Tiny VC. Founded in 2022, Trawa uses...
Iberdrola has agreed to sell 100% of its UK-based smart metering business, SP Smart Meter Assets Limited (SPSMAL), to Australian financial group Macquarie for approximately £900 million (€1.06 billion). The deal, pending approval from UK...
EnBW Utility Services has selected Robotron Datenbank-Software GmbH to implement its Controllable Local Systems (CLS) management platform, following a competitive EU-wide tender. The software will optimize grid operations as distributed energy...
The Data Communications Company (DCC) has awarded contracts to IBM UK, CGI, Netcompany, and Vodafone to modernize Britain’s smart meter network. The upgrade follows an 18-month competitive procurement process aimed at improving cost efficiency and...
Hydro-Québec has unveiled a new 10-year, $10 billion energy efficiency plan aimed at reducing electricity consumption in Quebec by 10%. The initiative includes free smart thermostats for residential customers and financial support for commercial...
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