Monday, June 27, 2011

Local Smartgrid Startup Plotwatt Raises $1M in Seed Round

PlotWatt, a Durham-based smartgrid start-up, announced on Thursday that it raised $1 million of venture funding in an initial seed round. In addition, PlotWatt was recently named a winner of the GE Ecomagination Challenge and a $100,000 grant.

PlotWatt's software gives individuals and businesses the power to better monitor and analyze their energy usage, and in turn, save money. They estimate a 10 percent cost savings among companies utilizing their PlotWatt Commercial Energy Platform.

PlotWatt is also a North Carolina Green Business Fund winner. You can learn more about the Green Business Fund initiative at CED's upcoming CleanLinks Forum.

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