Intel invests in cleantech firm

TechOnline India - September 22, 2010

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.

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.

Comments

blog comments powered by Disqus