BPL Global raises $23M for smart grid control
BPL (Better Power Lines) Global is a Pittsburgh, Penn. company that makes software and equipment for utilities in order to manage and monitor the grid, and help integrate in renewable energy sources.
The company has partnerships with utilities both in the United States and overseas in Africa, Asia and South America, and reports that it is near to profitability.
The $23 million funding was providd by existing investors IFA Group, Novitas Capital, El Dorado and Morgan Stanley, as well as new investor Cross Atlantic Capital Partners.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.