Viridity Energy Raises $14 Million To Turn Power Consumers Into Producers

A Pennsylvania startup Viridity Energy drew a series B investment of $14 million from Braemar Energy Ventures and Intel Capital, the company reported today. Founded in 2008, Viridity Energy offers "distributed demand management software, systems and services," that can turn very energy-consuming businesses into producers and sellers of power back to the grid. Viridity's technology can also help companies get paid to control and reduce their energy consumption. The company's customers to-date have been retailers, hospitals, universities and various military and government agencies. In Philadelphia, Viridity set up...

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