Technology to make the energy grid more intelligent continues to draw VCs’ interest despite what is almost surely a temporary downturn in cleantech investing.Yahoo Finance:
Mayfield Fund Tuesday announced that it led a $10.7 million round of financing for CPower Inc. The company offers retailers, manufacturers and other large energy users a range of energy-management programs that can save power costs by shaving peak demand.
CPower, formerly called ConsumerPowerline, is a leading North American demand-response provider, whose venture backers include Bessemer Venture Partners. Competitors include publicly traded EnerNOC Inc., a venture-backed company that went public in 2007. Prior to its latest round, CPower had raised at least $17 million in venture capital....MORE
Wednesday, April 29, 2009
Smart-Grid Technology Still Finding Favor With VCs (ENOC)
From the Wall Street Journal's Venture Capital Dispatch: