Smarter Grid Solutions secures £3m investment from SEP

Smarter Grid Solutions, a UK-based specialist in the development and deployment of active network management technology for the smart-grid market, has secured £3m of investment.

The company’s real-time grid management software offers power companies affordable ways to manage electricity network congestion issues at a local, regional or national level and cope with increasing volumes of low-carbon generation and demand.

The deal, led by Scottish Equity Partners (SEP) and Scottish Enterprise through the Scottish Investment Bank and Strathclyde University, will allow Smarter Grid Solutions to take forward its product development plans and position itself to meet international demand for smart-grid technology.