Enbala Power Networks Raises New Financing
Storage startup Enbala Power Networks completed a new round of financing from Zoma Capital.
Enbala Power Networks’ goal is to make the world’s power grids more reliable, efficient, predictable, and ecological by harnessing the power of distributed energy. The company is creating a real-time energy-balancing platform that aims fundamentally to change the utility landscape. The Enbala platform provides an innovative, highly flexible approach for creating controllable and dispatchable energy resources by unobtrusively capturing and aggregating available commercial and industrial (C&I) process loads, energy storage, and renewable energy sources to form a network of continuously controlled resources. It then dynamically optimizes and dispatches those energy resources to respond to the real-time needs of the power system – all without affecting C&I customer operations.
In its announcement, Zoma Capital said its 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. The investment in Enbala also supports Zoma’s organizational goal of positively affecting local communities.