Solar Monitoring Firm Fat Spaniel Technologies Raises an additional $1,000,000 in Friends and Family Financing
SAN JOSE, California — Fat Spaniel Technologies, leading provider of renewable energy monitoring solutions, has raised $1 million in its second Friends and Family round of financing. The round was oversubscribed. Coupled with growing sales and revenue, the additional investment positions the company to continue to grow and develop new solutions.
Chris Beekhuis, President of the company, outlined specific goals that will be financed with the new investment. “We are now ready to deploy a broader range of solutions, including additional inverter-direct options, revenue-grade metering, and reporting applications for performance based incentives.” The company, now active in four countries, looks forward to expanding its presence into additional markets.
“Our products are winning wide acceptance. Our financial position ensures that we will be able to capitalize on our innovations and maintain the bandwidth to serve the needs of the renewable energy market in the United States and beyond.”
Fat Spaniel Technologies' product suite, PV2Web™, is currently running at well over a hundred sites with 5 megawatts being monitored. PV2Web™ is an advanced energy monitoring solution that offers energy users the ability to manage and control their energy data through easy to understand displays via the Internet. The real-time, historical displays allow users to view their energy usage and environmental benefits to make efficient energy decisions and ensure the system is running at peak levels. PV2Web™ also supports installers, integrators, and equipment manufacturers in their sales, installation, and support process by providing a dynamic visual display of their energy systems. Live examples are available at www.fatspaniel.com.
The company targets residential and commercial equipment manufacturers, system integrators, and installers in the solar, wind, and traditional energy markets.
Fat Spaniel Technologies has been monitoring energy systems since 2002 and is located in San Jose, California.
About Fat Spaniel Technologies
Fat Spaniel Technologies provides real-time solar energy monitoring for commercial and residential installers, equipment manufacturers, and system owners via any internet-enabled device. Fat Spaniel Technologies was founded with the goal of making renewable energy more visible, accessible and compelling to end users, industry professionals and policy makers. Further information is available on the company's web site: www.fatspaniel.com.
Contact:
Tom Dinkel
(408) 279-5262
sales@fatspaniel.com