Greensmith Gets $12.3 Million to Expand in Storage, Led by AEP
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Greensmith Energy Management Systems LLC, a U.S.-based developer of power storage systems and software, raised $12.3 million to expand its operations as demand for the technology swells.
The Series C funding round was led by a $5 million strategic investment from American Electric Power Co., Reston, Virginia-based Greensmith said in a statement Monday.