Wednesday, October 17, 2007

GridPoint Raises $48.5 Million in Series D Financing

WASHINGTON − GridPoint, Inc., a leading clean tech company whose smart grid platform benefits electric utilities, consumers and the environment, announced that it has recently closed a $48.5 million Series D financing led by Goldman Sachs Group (NYSE: GS) and Susquehanna Private Equity Investments, an affiliate of Susquehanna International Group (SIG), as well as the appointment of new members to its board of directors, including the CTO of Duke Energy and the CEO of US Power Generating Company. Link.