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 2018 for $1bn.
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.