Strategic investment firm Energy Energy Partners ( EIP ) has secured $ 681 m in funding and debt to support advanced - technology companies that are " shaping the energy landscape of the world " . EIP , a collaboration between 14 US - based electric utilities , has already invested $ 200 m in advanced technology businesses including smart home security company Ring , which was acquired by Amazon in March for $ 500 .
Strategic investment company Energy Impact Partners (EIP) has secured $681m in funding and debt to support advanced-energy companies that are "shaping the energy landscape of the future". EIP, a collaboration between 14 US-based electric utilities, has already invested $200m in niche power businesses including smart home security company Ring, which was acquired by Amazon in March for $1bn.