Ohmconnect Raises $55M In Series D To Stabilize The Grid And Ensure A Clean Energy Future
06/09/22, 8:31 AM
Location
oaklandMoney raised
$55 million
Round Type
series d
OhmConnect, the leading provider of residential energy flexibility, today announced a $55 million Series D round, led by ClearSky, Sidewalk Infrastructure Partners (SIP), and TELUS Ventures. Investors also include Carrier and SunPower; the strategic partnership with both companies was announced in March 2022.
Company Info
Location
oakland, california, united states
Additional Info
The company pays its customers for saving electricity when the grid is stressed and likely to utilize dirty power, unlocking clean, affordable, and reliable energy. OhmConnect, which pays households to reduce electricity usage during times of peak demand, will use the investment to integrate with dozens of new technology and appliance companies.