ABB: invests in start-up Direct Energy Partners
(CercleFinance.com) - ABB has entered into a partnership with Direct Energy Partners (DEP), a start-up that uses digital technology to accelerate the adoption of DC microgrids.
The partnership involves a minority investment in Direct Energy Partners through ABB's venture capital unit, ABB Technology Ventures (ATV). The financial details of the investment were not disclosed.
DEP focuses on local power generation and distribution with scalable DC microgrids that increase customers' operational autonomy, while reducing their overall energy and operating costs.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The partnership involves a minority investment in Direct Energy Partners through ABB's venture capital unit, ABB Technology Ventures (ATV). The financial details of the investment were not disclosed.
DEP focuses on local power generation and distribution with scalable DC microgrids that increase customers' operational autonomy, while reducing their overall energy and operating costs.
Copyright (c) 2023 CercleFinance.com. All rights reserved.