ImpactAlpha, March 28 — Washington, D.C.-based SparkMeter has installed low-cost energy metering systems in more than 150,000 households and businesses in two dozen countries in Asia, Africa, and Latin America. The company works with emerging markets microgrids and utilities to provide data on grid reliability.
The financing round, which brings SparkMeter’s total raised to $22 million, was backed by existing investors Breakthrough Energy Ventures and Clean Energy Ventures.
“The grid of the future will need to be reliable, responsive and secure as global electricity demand surges,” says Clean Energy Ventures’ Daniel Goldman. SparkMeter can help countries in Africa and Asia “decarbonize their energy systems while expanding equitable energy access.”