{"id":5545,"date":"2015-12-11T01:50:39","date_gmt":"2015-12-11T01:50:39","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2015\/12\/11\/greensmith-bags-investment-e-energy-storage\/"},"modified":"2015-12-11T01:50:39","modified_gmt":"2015-12-11T01:50:39","slug":"greensmith-bags-investment-e-energy-storage","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2015\/12\/11\/greensmith-bags-investment-e-energy-storage\/","title":{"rendered":"Greensmith Bags Investment From E.ON for Energy Storage"},"content":{"rendered":"<p>E.ON has made an undisclosed investment Greensmith,, a US-based start-up company providing energy storage software and integration services.<\/p>\n<p>E.ON\u2019s investment brings Greensmith\u2019s total Series C round to US$18.3 million, including a previous US$5 million strategic investment from American Electric Power<\/p>\n<p>Greensmith plans to use the financing to expand commercial and technology delivery operations to leverage pipeline acceleration and to advance its GEMS energy storage software platform. The financing, along with the new relationship with E.ON, will also help Greensmith exploit a rapidly growing European energy storage market, the US company said.<\/p>\n<p>Greensmith\u2019s GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing the system&#8217;s return on investment through life. \u201cThe energy industry is undergoing a fundamental transformation\u2014E.ON is committed to empowering its customers and promoting decentralized energy solutions while expanding our power grids and making them smarter,\u201d said Susana Quintana-Plaza, Senior Vice President Technology &amp; Innovation E.ON SE.<\/p>\n<p>\u201cAs such, we needed a partner that could deliver superior results. Greensmith\u2019s innovative software and extensive experience in both battery and PCS integration and control will enable us to extend our energy storage activities and to provide better solutions to our customers. We are pleased about our partnership with Greensmith and look forward to working together.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>E.ON has made an undisclosed investment Greensmith,, a US-based start-up company providing energy storage software and integration services.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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