Invenergy Launches a New Venture Fund to Support a Digital Layer for the Electric Grid

By [email protected] Invenergy, one of the biggest U.S. developers of wind, solar, storage and natural-gas power plants, is launching a 10-year venture fund to help digitize the grid.

The Invenergy Future Fund is targeting startups building a “digital application layer” to help make the electric grid more distributed, reliable and renewable, said Managing Director Amy Francetic.

“We’re at the place where utility-scale wind and solar is very competitive. The control system layer can improve the application of those resources. There’s real value in supporting those startups,” said Francetic.

Francetic was formerly the CEO of Clean Energy Trust, a Chicago-based accelerator that has helped cleantech companies

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 3 times, 1 visits today)

Comments

comments



© 2014 RenewaNews