Energy Monitoring Gains Financing, Sales, and Certification

Fat Spaniel Technologies, Inc. (FST) has closed $7 million in Series A financing in an investment round led by clean technology venture capital fund, DFJ Element, with an initial $3.5 million investment in April 2006. It was increased with an additional $3.5 million investment by DFJ Element and Chrysalix Energy.

The company’s energy information system, which uses a real-time web-view to show a solar thermal system’s performance, furthers third-party ownership models based on verifiable Power Purchase Agreements (PPAs). FST has deployed its technology in the solar thermal market in three beta sites, one of which incorporates the ProgressivTube system from FST partner, TCT Solar. FST has also received notification from TUV Rheinland of North America, Inc., a company engaged in compliance testing and certification, for its PV2Web data communications and monitoring product line. The accreditation confirms that Fat Spaniel complies with EN61010-1, the strict global safety requirements for electrical equipment measurement. FST’s monitoring system enables viewing and tracking of the ongoing performance of a system in real-time of both off-grid and grid-tied photovoltaic (solar electric), wind, fuel cell, and other renewable energy systems, by transforming raw energy data into a dynamic, web-enabled dashboard to ease monitoring and management.
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