Switched Source Secures Over $17 Million to Help Utilities Add Grid Capacity Faster
CHICAGO--(BUSINESS WIRE)--As utilities face rising electricity demand, unlocking additional capacity from existing distribution infrastructure can help meet growing load more quickly and cost-effectively. To accelerate this effort, Switched Source, a leading developer of grid-enhancing distribution automation technologies, has secured over $17 million in funding to scale deployment of its flagship technology, the Phase-EQ. Cubit Capital led the round, with participation from ABB, Emerald Technol