Source: Green Technology
ConnectDER, a startup with a smart meter socket device that’s been deployed in the thousands by select U.S. utilities to support distributed solar, has closed a $7 million series B round round to help roll out a new version of its system targeting behind-the-meter batteries and plug-in electric cars. This week’s round was led by Clean Energy Ventures , Skyview Ventures, and Avista Development, the unregulated arm of Pacific Northwest utility Avista. The round brings the Arlington, Va.-based startup’s total funding to date to about $11 million, including a $1.1 million Series A in 2017, and about $850,000 in funding from early-stage sources including the Energy Department’s SunShot Initiative. ConnectDER’s role with SunShot was to tap the potential of the meter socket — the round hole where the typical North American meter plugs into a building’s electrical system — as “an underutilized asset for onboarding DERs to the grid,” CEO Whit Fulton said. Distributed energy resources primarily refer to rooftop solar panels, but DERs can also include behind-the-meter batteries, plug-in electric vehicles, smart appliances or home energy controls.