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ConnectDER, a leader in home energy innovation, has raised $35 million in a Series D funding round to scale its market presence and advance product development. The funding round was led by Decarbonization Partners, a collaboration between BlackRock and Temasek, with new support from MassMutual Ventures and participation from existing backers such as Avista Development, Clean Energy Ventures, and LG Technology Ventures.
This funding coincides with the launch of ConnectDER's next-generation Meter Socket Adapter (MSA), the IslandDER™. This cutting-edge technology integrates seamlessly with the utility grid, allowing homes to "island" solar, battery storage, EVs, and other distributed energy resources (DERs) for whole-home backup and resiliency. With 60 million U.S. homes unable to adopt solar or EV charging due to costly upgrades, IslandDER™ offers a transformative solution, costing just 10% or less of traditional service panel upgrades.
Ivo Steklac, CEO of ConnectDER, said:
“With this latest Series D funding we’re poised to not only expand our existing markets but also our offerings by bringing a transformative solution for energy storage systems to the market. Our forthcoming IslandDER enables homes to disconnect and reconnect from the grid enabling customers to harness stored energy from solar plus battery systems or EVs providing innovative backup power and resilience to market at an incredibly competitive cost point.”
ConnectDER's innovative adapters simplify installations, reducing both training time and errors. This accelerates the adoption of resilient energy solutions and creates entry-level job opportunities, boosting the domestic energy workforce. By lowering costs and expanding project viability, the company is paving the way for industry growth and widespread energy accessibility.
The $35 million investment will be directed toward market expansion, manufacturing scale-up, and continued product innovation. With over 25,000 adapters already in use across multiple states, ConnectDER plans to expand nationwide in the coming years. This strategic growth aims to reduce energy costs, unlock new career paths, and strengthen the U.S.’s position in the global energy market.
By removing critical barriers to clean energy adoption, ConnectDER invites stakeholders to join its mission of delivering affordable, resilient, and accessible energy solutions. As the company pushes forward, its technologies promise to revolutionize home energy systems, transforming how Americans power their lives while fostering sustainable economic growth.
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