e2Companies – a leading provider of integrated solutions for power generation and distribution – announced that it had secured a $100 million investment commitment from Luxembourg-based Global Emerging Markets (GEM). And with this financing commitment, e2Companies is well-positioned to advance and deliver on its mission to design solutions that deliver seamless customer resiliency and reliability.
The GEM investment will strengthen the company financially and support the ongoing development of Virtual Utility. And this includes new product discovery and manufacturing capabilities in North America and Europe while delivering additional value creation and margin improvement across international markets.
The funding commitment from GEM will enable e2Companies to draw funds by issuing shares through its’ anticipated common stock offering, with e2Companies maintaining control over the timing and magnitude of such drawdowns without having a minimum drawdown obligation.
KEY QUOTE:
“We’re thrilled to partner with GEM. This provides access to financing that strengthens e2Companies’ and speeds up the global energy transition. The optimization of our power grid depends on distributed energy resources and expanding choice for the end-user. Including the source of power, type of power, market rates, and environment considerations. Our R3Di system and Grove365 software unlock a new model for independent grid stability. Increasing the strength of the grid where it is needed the most – at the source of power consumption.”
— James Richmond, CEO at e2Companies
