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.
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