UtilityInnovation Group (UIG), a Raleigh, NC- and Dublin, Eire-based firm specializing in utility programs and decentralized vitality options, acquired an funding from Volvo Penta.
The quantity of the deal was not disclosed.
The corporate intends to make use of the funds to scale its experience to fulfill the accelerating demand for extra dynamic, sustainable electrical grid infrastructure. Supported by Volvo Penta, UIG will purpose to:
- Broaden the attain of resilient vitality options.
- Drive the adoption of superior battery vitality storage options (BESS).
- Deploy the GridSure benefit.
Led by Sidney Hinton, Founder and CEO, UIG focuses on designing, constructing, defending, and working the worldwide carbon-free grid of the long run. It gives utility safety and controls engineering, substation and distribution improvement, microgrid improvement, and grid resiliency. Along with their companions, the corporate has developed a global presence devoted to their mission of enhancing electrical grid infrastructure throughout the globe by means of an express concentrate on decarbonization and the ever-increasing want for resiliency.
FinSMEs
07/11/2024
