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What does Greensmith do?
Greensmith, is a provider of energy storage software and integration services. It specializes in software and control solutions for operating and managing Distributed Energy Storage Systems for utility scale, C&I or Micro grid deployments often tied to the renewable generation. The company was started as a battery agnostic system integrator and software developer, combining power conversions systems and multiple battery types with proprietary firmware and software to orchestrate and maximize the safety and performance. With the many patterns pending and a core technology and management team driving a unique technology strategy. The company has deployed over 30 projects in the field, establishing itself as a leader in the distributed energy storage market.
How much Greensmith was funded?
Greensmith raised $18.3M in Series C on December 9, 2015 from American Electric Power
What is next for Greensmith?
Greensmith plans to use the funding raised for expanding its commercial and technology delivery operations for leveraging pipeline acceleration and for advancing its market leading GEMS energy storage software platform. The funding along with the new relationship with E.ON will also help the company ins exploiting a rapidly growing European energy storage market. This partnership is important milestone for the company as it continues expanding globally and serve the European storage market. In addition to completing its Series C round the company has also secured significant recognition for its technology and commercial leadership over the past year.
More about Greensmith
Greensmith was founded in 2008. It has its headquarters in Rockville, MD. The company is one of the largest providers of energy storage software and integration services. The company is on a mission to make storage of energy a fundamental part of a cleaner, more intelligent and distributed energy infrastructure. The company is delivering a secure, scalable, cloud controlled energy storage solution.
