Published by Todd Bush on June 16, 2022
XENDEE Corporation, a leader in distributed energy resources (DER) planning and operation software, today announced that it has raised $12M in Series A financing to increase the company’s Net-Zero DER and ultra-fast Electric Vehicle (EV) charging platform deployments.
>> In Other News: Streamline Innovations Raises Growth Capital to Fund Expansion and Meet Rising Demand for Emissions Solutions
Anzu Partners led the round, with additional financing from TravelCenters of America Inc., (Nasdaq: TA), the nation's largest publicly traded full-service travel center network, Evergy Ventures, the non-regulated investment arm of Evergy, Inc. (NYSE: EVRG), and Surlamer Investments.
“We are pleased to announce new financing from these strategic investors and partners that will help increase XENDEE’s market presence and accelerate the global adoption of alternative energy systems needed to achieve superior business outcomes and net-zero carbon emissions goals,” said Adib Naslé, CEO and Co-Founder of XENDEE. “We look forward to working closely with our new partners to improve the adoption, delivery, and operation of reliable clean energy systems worldwide.”
“At TA, we are strongly committed to sustainability and alternative energy,” said Jon Pertchik, Chief Executive Officer of TravelCenters of America. “The nation needs a viable infrastructure to increase the adoption of sustainable fuels, and TA’s investment in XENDEE reflects our ongoing commitment to this goal. By using an optimized solar-powered microgrid, XENDEE is developing a powerful and publicly accessible electric truck charging source that is ideal for use at travel centers. We believe it could serve as a blue-print for deployment and operation of Net-Zero EV fast charging stations nationwide.”
XENDEE’s platform integrates all stages necessary to achieve bankable distributed energy systems in a more intelligent way that ensures superior business outcomes with unmatched speed and accuracy. It generates sophisticated CFO and engineer-ready reports for DER project decision support, planning, design, resilience, and real-time operation. XENDEE also implements a physically based economic decision support system that couples financial optimization with detailed electrical power system analysis to verify resilience and financial viability before the first cable is laid.
Evergy Ventures Vice President Dennis Odell added, “XENDEE’s transformational software technology unlocks the DER value chain by delivering the sophistication and speed electric utility planners and their customers need to decarbonize and democratize access to clean, reliable energy.”
XENDEE serves government and private entities who share its mission for a cleaner, and more energy-efficient planet. As the rate of severe climate disasters has increased, the company has taken on several projects to help develop and implement environmentally and financially sustainable zero-carbon DER systems in geographies most prone to climate disasters, such as Puerto Rico, where in partnership with Idaho National Labs, the company is helping to create a zero-carbon microgrid in the mountain region. XENDEE also earned the prestigious Edison Gold Award in 2021 in the human critical infrastructure category for the potential of its technology to transform how the world transitions towards resilient and carbon-free alternative energy systems.
XENDEE also announced that Whitney Haring-Smith, managing partner at Anzu Partners will be joining its Board of Directors.
To learn more about XENDEE, please visit https://xendee.com/.
XENDEE brings unparalleled speed and sophistication for project decision support, planning, design, resilience, and real-time operation. We serve government and private entities who share our mission for a cleaner planet, and for our contributions we received the 2021 Edison Gold Award for Critical Human Infrastructure. To learn more about how we can help you rapidly generate and compare complete bankable solutions with confidence and identify the best opportunities for you to meet your scope 1 & 2 emissions goals, and Net-Zero commitments, visit www.xendee.com or request a demo here.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌍 5 Key Carbon Removal Innovations That Shaped 2024 🧪 New Material Could Capture Millions of Tonnes of Atmospheric Carbon 💰 DOE Re-opens Funding Opportunity, Making $500 Million ...
Inside This Issue 💰 OCED Announces up to $1.8 Billion in New Funding for Transformational Direct Air Capture Technologies 🌱 BP Announces Investment Decision for “Lingen Green Hydrogen” Project 🧪 C...
Inside This Issue 🌊 ExxonMobil Partners with Worley for Groundbreaking Blue Hydrogen Facility in Texas 🏗️ Holcim Group to Test Capsol’s Carbon Capture Technology as a Step Towards Decarbonized Cem...
Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, is pleased to announce that it has signed an agreement with the Karlsruhe Institute of Technology ...
Comstock Fuels and Emerging Fuels Technology Advance SAF and Other Renewable Fuel Yields
VIRGINIA CITY, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that its wholly-owned subsidiary, Comstock IP Holdings LLC, has exec...
Hydrogen and Nitrogen Fused for First Time Ever: the Result is Something Strange and Powerful
Ammonia is the fuel for fertilizers and is also a high-energy, CO2-emitting ammonia. Researchers at the University of Illinois Chicago (UIC) with RMIT University Melbourne are advancing project-bas...
New Solar Discovery Could Revolutionize Hydrogen Production
A new solar cell process using Sn(II)-perovskite oxide material offers a promising pathway for green hydrogen production through water splitting, advancing sustainable energy technologies. Experts...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.