ConnectDER Closes $7 Million Series B Financing To Scale A Proprietary Metering Solution Enabling The Electricity Grid Of The Future

ARLINGTON, VA, January 22, 2020 – ConnectDER Inc., which enables utilities to seamlessly integrate residential distributed energy resources (DERs) with the electric grid, today announced that it has closed a $7.25 million Series B financing. The lead investors were Clean Energy VenturesSkyview Ventures, and Avista Development Inc., a wholly-owned, unregulated subsidiary of Avista Corp.

“The growth of residential-scale DERs such as solar and storage presents an enormous challenge for utilities tasked with integrating them into the grid cost-effectively and with an outstanding customer experience,” said Whitman Fulton, CEO of ConnectDER. “At ConnectDER, we’re delivering technologies that can connect and transform these traditionally unmanaged resources—solar, storage, and EV charging—into grid-supporting assets at a fraction of the cost of current practices. This funding underscores the market recognition that ConnectDER offers what utilities need to maximize the value of residential-scale technologies for the 21st century.”

The company’s Smart ConnectDER™ electricity meter collar enables rapid interconnection of grid-ready DERs. ConnectDER’s technology also creates a safe, standardized, low-cost alternative to traditional wiring methods in residential settings, lowering the cost to installers while also unlocking alternative tariff models and grid management capabilities for utilities. Utilities including Consolidated Edison, Arizona Public Service, Entergy, and Pennsylvania Power and Light deploy ConnectDER meter collars to support their customers’ demand for cost-effective DER interconnection and their own operational needs for superior data from these assets.

“With record-setting U.S. residential solar installations in 2019, the need for tools to help utilities manage clean DERs is urgent,” said Daniel Goldman, Co-founder & Managing Director at Clean Energy Ventures, a Boston-based, advanced energy-focused venture capital firm. “ConnectDER’s technology is critical to seamlessly and cost-effectively integrate residential renewables with the electric grid at the scale required to help mitigate climate change. We see tremendous potential for ConnectDER’s proprietary technology to drive us toward the electric grid of the future, which is distributed, digital, and decarbonized. We are looking forward to helping the organization scale and provide value to utilities and DER installers.”

In addition to Clean Energy Ventures, this investment round was co-led by Skyview Ventures, the Series A lead investor, and Avista Development Inc., the unregulated subsidiary of the investor-owned utility, Avista Corp. Avista is known for its entrepreneurial success in creating new companies, examples include Itron and Ecova.

“The ConnectDER™ meter collar is an extension of the smart meter—it is connected to the utility, it has access to power and a breaker—so we asked, ‘What else can we do with this expanded IoT footprint at the customer meter?’,” said Mark Gustafson, Director of Innovation and Strategy at Avista Corp. “Actually we are already working on a few ideas that we believe can give utilities access to new products and services to better serve our customers.”

“Solar installers and electric utilities have already validated that ConnectDER’s solution benefits all stakeholders and should be a key ingredient of every safe and secure residential grid-connected asset,” offered Matt Coleman, Partner at Skyview Ventures. “The ConnectDER meter collar is uniquely capable of increasing the value of smart meter networks for DER adoption.”

ConnectDER will use the new capital to scale its operations and supply chain, and to enhance its core solutions for energy storage and other fast-growing residential applications across North America. ConnectDER expects to launch several new products this year, beginning at DISTRIBUTECH 2020 with the launch of its Smart ConnectDER Version 4.

Both Goldman and Gustafson will join Coleman and Fulton as ConnectDER’s board of directors.


About ConnectDER

ConnectDER’s mission is to make clean, distributed resources the default source of energy for the 21st century. Our products are used by some of the largest electric power utilities and solar companies throughout the U.S. to simplify and accelerate the integration of distributed resources with the grid. Our flagship product, the Smart ConnectDER™ turns the utility meter socket into a grid-friendly plug-and-play solution for adding electric vehicles, energy storage, and solar to the home. For more information, visit

Rebound Technologies Closes $5 Million Series A Financing for Flexible, Energy-Efficient Cooling Technology

DENVER, Jan. 16, 2020 — Rebound Technologies, which has developed a revolutionary, energy-efficient and more cost-effective alternative to traditional vapor compression cooling systems, today announced the closing of a $5 million Series A financing. The lead investors were Clean Energy Ventures and Skyview Ventures, with participation from Autodesk Foundation, the philanthropic investing arm of multinational software corporation Autodesk.

“Rebound’s breakthrough technology creates a powerful opportunity to improve the freezing efficiency of cooling systems by 35 percent and potentially prevent 681 MMT of greenhouse gas emissions annually from the cooling sector by 2050,” said Temple Fennell, Managing Director and Co-founder at Clean Energy Ventures. “The dominant technologies used across cooling applications today are inefficient and ready for major innovation. We see a very promising future for Rebound, whose unique scientific and technological achievement is well-positioned to fundamentally transform an industry projected to increase three-fold to $600 billion by 2027.”

“Food manufacturers and cold storage logistics companies use the same technology that was invented 100 years ago. This comes with high capital and operating costs – as well as carbon emissions. Rebound’s solution can help companies lower up-front costs, reduce maintenance and ultimately, use less electricity. That’s good for customers and the planet,” said Joe Speicher, Executive Director at Autodesk Foundation.

Traditional vapor compression cooling systems have a static cooling capacity and are thus only able to generate a fixed amount of cooling over a given time period (this is why refrigerators and air conditioners must continuously cycle on and off to manage a target temperature). Rebound’s IcePoint® technology is the first solution with a dynamic cooling capacity that gives cooling systems the agility to customize output based on immediate need. As a result, Rebound’s system provides unprecedented cooling flexibility, uses significantly less energy than traditional methods, and better-utilizes installed capacity to meet annual cooling needs.

“There are only a handful of practical and economic thermodynamic cycles in existence for cooling,” said Kevin Davis, Co-founder and CEO of Rebound.  “We’ve developed an entirely new thermodynamic cycle for cooling based on affordable chemistry and combined it with technology advances in high-speed turbo machinery, heat exchangers, and other thermal fluid components. As a result, we now have something that can and should replace inflexible vapor compression systems globally.”

Rebound will use the new capital to install its first industrial-scale systems with food manufacturers and cold storage logistics companies in North America. Initially installed in combination with existing cooling systems, Rebound’s dynamic cooling capacity will improve moisture control and rapid-freezing capabilities while also lowering energy costs.

“The global frozen food market is growing rapidly at 4.3 percent CAGR through 2025 based on increased demand in emerging countries as well as a desire for convenience among millennials. Significant infrastructure improvements for food processors and cold storage companies is a result of these trends. We see a massive opportunity to design new facilities around Rebound’s IcePoint® technology and retrofit existing facilities to realize increased product throughput while providing material operational savings,” said Matt Coleman, at Skyview Ventures.

Rebound Technologies has previously received funding from the National Science Foundation, The U.S. Department of Energy, and a group of seed investors including PRIME Coalition, Closed Loop Ventures, and Investors’ Circle.

About Rebound Technologies
Rebound Technologies is an advanced refrigeration development firm revolutionizing the global cooling industry. Rebound’s IcePoint® cooling system utilizes a new thermodynamic cycle to create dynamic cooling capacity that improves the effectiveness of cooling systems while also reducing energy consumption and overall costs. Headquartered in Denver, Rebound was founded in 2012. For more information, visit