What is ConnectDER?
ConnectDER is revolutionizing the integration of Distributed Energy Resources (DERs) by transforming electricity meter sockets into comprehensive interconnection points. This enables seamless integration of solar power, battery storage, and electric vehicle charging, benefiting consumers, the grid, and the environment. Their proprietary solutions significantly accelerate interconnection processes, enhance safety, and eliminate costly traditional installation expenses, such as in-home wiring and service panel upgrades. With approval to operate in over 20 states, ConnectDER's technology is accessible to more than 16 million households, positioning it as a key player in the clean energy transition.
How much funding has ConnectDER raised?
ConnectDER has raised a total of $70.3M across 4 funding rounds:
Series A
$1.1M
Series B
$7.3M
Series C
$27M
Series D
$35M
Series A (2017): $1.1M, investors not publicly disclosed
Series B (2020): $7.3M led by Clean Energy Ventures, Skyview Ventures, and Avista Development Inc
Series C (2023): $27M supported by Energy Innovation Capital, Skyview Ventures, and Evergy Ventures
Series D (2024): $35M featuring BlackRock, Evergy Ventures, Clean Energy Ventures, LG Technology Ventures, Temasek, Avista, Energy Innovation Capital, MassMutual Ventures, and ZOMA Capital
Key Investors in ConnectDER
BlackRock
BlackRock is a global investment management firm providing a comprehensive range of investment products and services. They manage investments across various asset classes, offering investment management, risk management, and advisory services to institutional and individual investors.
Evergy Ventures
Evergy Ventures provides investment capital and strategic support to innovative companies focused on cleaner, safer, and more reliable energy solutions. They partner with early-stage businesses within the energy ecosystem to help them grow and deliver value.
Clean Energy Ventures
Clean Energy Ventures is a venture capital firm investing in scalable early-stage climate tech startups and clean energy technologies aimed at combating global climate change. They provide financial backing, mentorship, and strategic support.
What's next for ConnectDER?
The substantial enterprise-level capital infusion, particularly the recent major strategic investment, signals ConnectDER's readiness for accelerated scaling and market expansion. This backing is expected to fuel further technological development, enhance manufacturing capabilities, and broaden the company's market reach across its approved states and potentially new territories. The company's focus on simplifying DER integration aligns with growing grid modernization efforts and increasing consumer demand for renewable energy solutions, suggesting a strong future outlook for continued growth and innovation in the energy sector.
See full ConnectDER company page
