National Grid is to pilot real-time energy management start-up Copper Labs’ technology to engage New York gas customers.
The Boulder-based Copper Labs’ latest funding round which was led by National Grid Partners, the utility’s venture capital arm, was over-subscribed.
Other investors include Blue Bear Capital, Moonshots Capital and Bull Creek Capital, each of whom participated in earlier funding rounds.
National Grid is deploying Copper Labs’ technology in a pilot programme to engage and inform gas customers as part of the utility’s demand management programmes within New York.
“With Copper Labs’ technology, we can access gas usage data from meters every 30 seconds, rather than every 30 days,” says Tara Kapila, vice president of customer product growth at National Grid.
With this investment, the breakdown of which has not been specified, Dillon McDonald, vice president of incubation at National Grid Partners, joins the Copper Labs board of directors.