UK-based SMPnet has raised a $1.4 million to bring its power grid technology to markets in the US and Europe. Currently with teams in Scotland and England, the real-time control software helps traditional power grids deal with 'untraditional' methods, including renewable energy, change in flows and storage. The company will use funds to accelerate business development and inject some energy into its marketing and business development efforts. 

SMPnet allows grid operators to control and optimise their power stations as they deal with changes in flow and energy storage changes on a second by second basis. Edge computers, which are computing devices placed close to the source of data, are becoming more prevalent in power grid substations. SMPnet utilises these devices to modernise power grids with real-time control and adaptive optimisation.

The brainchild of Greek researchers, Anastasios Rousis and Dimitris Tzelepis, raised $1.4 million in funding from Marathon Venture Capital and angel investors, including Ian Marchant.

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