Silent Power, Inc., the leading distributed energy storage systems company, announced today the sale of approximately $2 million of the company’s Series A preferred stock. This round of financing will support the commercial deployment of Silent Power’s OnDemand energy storage systems and expand its distribution into new markets.
Silent Power specializes in providing turn-key storage solutions for the challenges presented by integrating renewable energy and electric vehicle charging systems into utilities’ distribution systems and on customer premises. The financing includes support from Hunt Technologies’ founder Paul Hunt, Wright-Hennepin Holding Company LLC, a subsidiary of Wright-Hennepin Cooperative Electric Association of Rockford, and strong ongoing support from existing investors.
Silent Power specializes in providing turn-key storage solutions for the challenges presented by integrating renewable energy and electric vehicle charging systems into utilities’ distribution systems and on customer premises. The financing includes support from Hunt Technologies’ founder Paul Hunt, Wright-Hennepin Holding Company LLC, a subsidiary of Wright-Hennepin Cooperative Electric Association of Rockford, and strong ongoing support from existing investors.
