E.ON Invests In Energy Storage Integrator Greensmith


Virginia-based energy software integrator Greensmith says it has received $18.3 million in Series C investment.

Investors include European utility E.ON and American Electric Power.

Greensmith plans to use the financing to expand technology development and delivery of its GEMS energy storage software platform. The company says the financing, along with the new relationship with E.ON, will help it expand into the rapidly growing European energy storage market.

‘This partnership is an important milestone for Greensmith as we continue to expand globally and serve the European storage market,’ says John Jung, CEO of Greensmith.

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