SAN JOSE, Calif. - Intel Corp. and others have invested in Nexant Inc., a provider of intelligent grid software and clean energy solutions.
Nexant said that Oak Investment Partners and Intel Capital, along with existing investors TeleSoft and Beacon, have invested $43 million in new capital to fund the company’s growth and expansion.
Nexant's software focuses on the demands of next-generation electricity grid operations and energy markets—managing energy efficiency, demand response, and distributed generation; improving the efficiency of the power grid; and supporting market operations. Nexant also provides technical, operational, and strategic consulting services to utilities, and oil, gas, and chemical majors.