Monday, July 31, 2017

Crescendo Power Raises $30M For Microgrid Projects

Dallas-based Crescendo Power, a new company focused on developing microgrid and distributed energy projects, said today that it has raised a $30M, equity fund it plans to invest in onsite power generation projects in the commercial, industrial, higher education, and hospital segments. According to Crescendo Power, the company is led by Todd Price and Coleman Adams, both of them previously executives at Hitachi Microgrids. Cresecndo Power said it is looking at around 50MW of projects under evaluation for 15 end customers, across 12 states.