What is Renewable NRG Systems?
Renewable NRG Systems is a key player in the renewable energy sector, focusing on advanced wind measurement technologies. The company's core offering, the SpiDAR® system, utilizes LiDAR technology to provide precise wind data crucial for wind resource assessment, wind farm operation optimization, and wind forecasting. This technology enables clients to better evaluate wind speed and direction, facilitating the establishment of new wind farms and the optimal micro-siting of turbines. Existing wind farms benefit from Renewable NRG Systems' solutions by optimizing turbine direction for maximum energy yield, enhancing short-term forecasting, and verifying power curves. The company's commitment to quality is underscored by its implemented Quality and Environmental Management System (QEMS), assuring partners, customers, and shareholders of robust business practices and documentation.
How much funding has Renewable NRG Systems raised?
Renewable NRG Systems has raised a total of $18M across 3 funding rounds:
Series A
$9M
Series B
$3.5M
Series C
$5.5M
Series A (2010): $9M with participation from Evergreen Venture Partners, Draper Fisher Jurvetson (DFJ), and Cedar Fund
Series B (2012): $3.5M, investors not publicly disclosed
Series C (2013): $5.5M supported by Bright Capital and Draper Fisher Jurvetson (DFJ)
Key Investors in Renewable NRG Systems
Bright Capital
Bright Capital is an independent venture capital firm with a global investment focus on energy efficiency, green technology, and industrial biotech. They were recognized as 'Cleantech Investor of the Year 2012'.
Draper Fisher Jurvetson (DFJ)
Draper Fisher Jurvetson is a prominent venture capital firm with a global network, dedicated to backing extraordinary entrepreneurs. They have a history of investing in transformative companies across various technology sectors.
Evergreen Venture Partners
Evergreen Venture Partners is a leading venture capital fund in Israel, managing significant private equity funds and having participated in numerous successful technology company exits.
What's next for Renewable NRG Systems?
The recent major strategic investment in Renewable NRG Systems signals a phase of accelerated growth and market expansion. This capital infusion is likely to fuel further research and development into advanced wind sensing technologies, potentially enhancing the capabilities of the SpiDAR® system or introducing new product lines. The company may also leverage this backing to scale its operations, broaden its market reach globally, and strengthen its sales and support infrastructure. Strategic partnerships and collaborations could also be on the horizon, further solidifying Renewable NRG Systems' position as a leader in the wind energy technology sector.
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