New Seed Investment from Energy Foundry
We are pleased to announce that Energy Foundry will be joining our seed round of funding. Energy Foundry is an impact venture capital fund, created out of the Illinois Energy Infrastructure Modernization Act. The law directed Illinois electric utilities, ComEd and Ameren, to provide $22.5M for the creation of the fund, a first-of-its kind model to stimulate Illinois’ innovation ecosystem and to support the emerging energy-technology marketplace. Energy Foundry invests and supports emerging energy and grid technology startups. SiNode Systems is the third company that the fund has invested in.
We are very excited by the assistance and expertise that Energy Foundry brings to the table. Their support will greatly accelerate our development and we are thankful to operate in a state that supports and understands the importance of energy innovation.