The funds were provided as a mezzanine debt investment, which will SGS continue product development.
SGS established itself in the development of Active Network Management solutions, which “are part-distributed control technologies allowing operators to manage and integrate distributed renewable energy resources into the electrical grid, without the need to build new grid assets”, it says.
“Smarter Grid Solutions is an exciting and dynamic technology business with a suite of fully developed market leading products ready to be deployed on a business-as-usual basis,” says Richard Elliott, investment manager at Maven.
“With
