DC Systems Secures $4 Million Growth Funding for Utility-Grade Smart Energy
DC Systems announced today a growth capital raise of $4 million led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability.
This funding will support the company's deployment of its Real-Time Smart Energy Suite™ applications that dynamically optimize grid operations and allow utilities to efficiently scale distributed energy resources and distribution automation with superior real-time performance.
"With a committed capital partner like WindSail, I am confident that we will bring new and innovative technologies to market in order to help our customers meet the challenges of today's changing grid," said Kenneth Munson, newly appointed Chief Executive Officer of DC Systems.
"We are pleased to support DC Systems at a critical time as the industry shifts to a more intelligent grid with significant distributed generation," said WindSail Capital's Managing Director, Michael Rand. "Everyone on the WindSail team looks forward to working with the board and management team to help solve some of the most difficult challenges in the electric industry with real-time data acquisition, analysis and control."
Since 1990, DC Systems has been a leading developer of smart grid automation and real-time data management software solutions for utility companies, power generators, and large energy users. The company put intelligence where it’s needed — in the field, substations or control centers —while centralizing configuration, administration, and monitoring at the enterprise level.
DC Systems’ optimized architecture provides greater flexibility, control, and responsiveness to get real-time data and controls to the right places at the right times and streamline operations throughout all of IT/OT.