Emrgy, an Atlanta, GA-based renewable energy technology and project developer, raised $18M in Series A funding.
The round was led by Oval Park Capital with participation from Fifth Wall, Blitzscaling Ventures, Overlay Capital, and Veriten.
The company intends to use the funds to deploy distributed hydropower projects, open its new turbine assembly facility in Colorado, and expand its development, operations and engineering teams.
Led by Emily Morris, Founder and CEO, Emrgy is a climate tech company designing and deploying technology to decarbonize water infrastructure. Focusing within the water-energy nexus, its hydropower systems integrate into surface water conveyance infrastructure, offsetting the cost and carbon footprint of pumping, treating, and transporting water.
Its solution has already been deployed with commercial customers including Denver Water, Davis and Weber Counties Canal Company, and Oakdale Irrigation District. Emrgy has projects in New Zealand and a pilot system in South Africa.
Emrgy also added industry veterans Jennifer McFarlane and Bob Kelly to its Board of Directors. McFarlane is the Founder of Asterra Partners with a long career as a C-level executive in both public and venture-backed companies, including NEXTracker (NXT) where she supported the company’s rapid international expansion. Kelly previously served as Chief Financial Officer of SolarCity Corporation, as well as CFO and Executive Vice President of Calpine Corporation (NYSE: CPN).
FinSMEs
11/04/2023