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Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that it has closed financing totaling $106 million from a global syndicate of industry and financial leaders.

The financing round was led by two highly-respected financial investors, Investor Growth Capital (the wholly-owned venture arm of Investor AB of Sweden) and VantagePoint Venture Partners and two leading global grid-related equipment companies, ABB and GE. The financing, which was coordinated by Deutsche Bank, also includes a significant credit facility from a major venture credit provider as well as continuing financial support from existing investors MissionPoint Capital Partners and zouk ventures. The new investment will be used to finance Trilliant’s continued growth in North America and globally.

trilliant smart grid financing round investment greennumbers

Trilliant, provider of communications infrastructure used to beam energy consumption data between so-called smart meters, utilities and their customers, announced today that it is partnering with automation company ABB to make sure their technologies can talk to one another. This type of interoperability is one of the major issues impacting how and how fast the Smart Grid — a cleaner, more efficient electrical grid — takes hold in the U.S.

trilliant abb utilities smart meters smart grid