Smart Tech
Green IT, smart grid, demand response and telecommunications in the electricity system

News Briefs

  • Northland Power acquires DeBu offshore wind project +

    Northland Power has completed the acquisition of the Deutsche Bucht (DeBu) offshore wind project from Highland Group Holdings Ltd. The Read More
  • New shore power system operational in Montreal +

    The City of Montreal is now able to reduce greenhouse gas emissions from cruise ships docked at the Alexandra Pier Read More
  • BioAmber to take full control of Sarnia plant +

    BioAmber Inc. has inked an agreement to purchase Mitsui & Co Ltd.'s minority stake in its Sarnia joint venture. The Read More
  • OCGC names new chief executive +

    The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and Read More
  • Boralex closes financing for France wind farm +

    Boralex Inc. has closed a $67.9 million financing for the 30 MW Chemin de Grès wind farm in France. The Read More
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Stock Market

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Enbala Power Network saw its Series B financing close at $17.5 million after Zoma Capital invested. Zoma Capital is the investment arm for the Ben and Lucy Ana Watson family. It is from Denver.

 

“Zoma and Enbala both have offices in Denver, and both are focused on building a sustainable energy future,” said Arthur “Bud” Vos, president and CEO at Enbala. “Zoma’s investment in Enbala is the perfect alignment of philosophies and goals, and we welcome the investment to further expand our Symphony by Enbala platform.”

Other Series B investors included ABB Technology Ventures, National Grid, GE Ventures, Obvious Ventures, Enertech Capital and Chrysalix Venture Capital.

“Our investment in Enbala will enable utilities, energy service companies and commercial enterprises to accomplish their common goal of more efficiently utilizing distributed and renewable energy resources,” said Melissa Cheong, chief investment officer at Zoma Capital.