Voltus Raises $25M to Grow Leadership Position in Distributed Energy Resources in Financing Round Led by NGP Energy Technology Partners III

Voltus, Inc., the leading distributed energy resources (DER) platform, today announced it has raised $25 million in a Series B financing. The round was led by NGP Energy Technology Partners III (“NGP ETP III”) and included existing investors Prelude Ventures and Ajax Strategies. The funding will be used to create more jobs, develop additional products, and enter new markets, allowing Voltus to increase its leadership position delivering cash to commercial and industrial customers via innovative DER solutions. Since its founding


NGP Announces Formation of NGP ETP3 to Invest Growth Capital in Transformational Energy Technology Companies

DALLAS–(BUSINESS WIRE)–NGP Energy Capital Management (“NGP”) is pleased to announce an investment in NGP Energy Technology Partners III, L.P. (“NGP ETP3”) through an equity commitment from NGP Natural Resources XII, L.P. NGP ETP3 will pursue opportunities arising from technology’s dramatic transformation of global energy markets. NGP ETP3 will target investments between $20-30 million of growth capital in companies with products, services or technologies serving the renewable energy, power, energy storage, energy efficiency, environmental, and transportation sectors. Philip Deutch will lead the investment