Enbala Power Networks provides a real-time energy-balancing platform that captures and aggregates customer loads, energy storage and renewable energy sources to form a network of continuously controlled energy resources. The platform dynamically optimizes and dispatches these resources to respond to the real-time needs of the power system without impacting customer operations. Led by President and CEO Arthur "Bud" Vos, the company focuses on VPP and DERMS software for grid optimization. The company is based in Vancouver, Canada. Financially, the company completed a second close on its Series B with an approx. $5.5M investment from Zoma Capital, bringing the Series B to $17.5M. Earlier in 2017 it announced a $12M Series B from ABB Technology Ventures, Chrysalix Venture Capital, GE Ventures, National Grid and Obvious Ventures. Enbala Power Networks develops and deploys software that aggregates customer electricity demand along with energy storage and renewable sources to create a continuously optimized network of distributed energy resources. That network can provide real-time grid services such as renewable firming, energy optimization and voltage management, which are typically provided by large centralized generators. Led by President and CEO Bud Vos, the company focuses on using distributed assets to deliver those grid services. Enbala is based in Vancouver, Canada. The company raised $12m in a Series B financing and intends to use the funds to accelerate its capabilities, scope and market presence. The financing is positioned to support product and market expansion. Enbala Power Networks provides a distributed energy resource management system (DERMS) platform that captures and aggregates customer loads, energy storage and renewable sources to form a network of continuously controlled energy resources. The platform dynamically optimizes and dispatches those resources in real time to meet power-system needs without impacting customer operations. The company is led by President and CEO Bud Vos and is based in Vancouver, BC, Canada. Its DERMS is used by utilities and grid operators including New Brunswick Power, PJM Interconnection and IESO. Financially, Enbala received a $3M investment and had raised $11M in equity earlier in the year. The company plans to use the new funds to extend and enhance its technology platform. Enbala Power Networks develops a real-time distributed energy resource management platform that aggregates, controls, optimizes and dispatches distributed energy. The company is led by CEO Bud Vos and is based in Vancouver, B.C., Canada. Its technology is used by customers including PJM Interconnection, New Brunswick Power, IESO and other utilities and grid operators. In March 2015 the company raised $11m in equity financing. Backers included new investors GE Ventures and Edison Energy alongside existing investors Export Development Canada, EnerTech Capital Partners, Sorfina Capital and Chrysalix EVC. Enbala intends to use the funds to extend and enhance its technology platform.

Total raised

$32M

Funding rounds

4

Latest round

Series B

Latest activity

Aug 2017