Sunverge nets US$15 million to support storage system rollout

LinkedIn
Twitter
Reddit
Facebook
Email

Sunverge's SIS combines storage, monitoring and control technology
Sunverge, a California-based provider of distributed energy storage and control systems, has closed a US$15 million funding round that it said would support its expansion.

The equity financing was led by the Southern Cross Renewable Energy Fund and joined by the venture capital units of Siemens and Total, according to a company statement.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Founded in 2009, Sunverge manufactures a Solar Integration System, which combines batteries, power electronics and multiple power inputs for distributed energy systems.

The company said it had 300 units deployed in the US, Australia, New Zealand, Germany and South Korea.

Kenneth Munson, president and CEO of Sunverge Energy, said: “This financing provides us the capital to open new markets, enhance support of our existing global customer base and drive the development of our rapidly growing pipeline.

“This world-class partnership validates the arrival of distributed energy storage into the mainstream and the leading position that Sunverge has already established.”

Christophe Tonion, senior investment manager at Total Energy Ventures, added: “We believe storage is critical for the expansion of solar and energy services markets, but what will be truly disruptive is the power to aggregate all sorts of distributed energy resources, be they solar, storage, smart devices, or electric vehicles. This ‘virtual power plant’ capability is at the core of Sunverge’s technology and go-to-market strategy.”

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

May 21, 2025
Installed battery storage capacity in California, US has grown from 771MW in 2019 to more than 15,500MW as of 31 January, 2025.
Premium
May 21, 2025
ESN Premium speaks with Dr. Yinghuang Ji, head of structuring at MN8 Energy, on current challenges and opportunities for growth in the energy storage market.
May 21, 2025
Commissioning has commenced on the 111MW/285MWh Templers battery energy storage system (BESS) in South Australia.
May 21, 2025
Delivering on its 2025 election pledge, Australia’s Labor government has announced it will introduce the Cheaper Home Batteries Program from 1 July 2025.
Premium
May 20, 2025
ESN Premium speaks with Chloe Hicks of EnergyCo about New South Wales’ Renewable Energy Zones (REZ) and its hopes for energy storage.

Most Popular

Email Newsletter