SmartSynch Raises $25M for the Cellular Smart Grid

The smart grid firm that has championed using cellular networks for utilities’ smart grid projects, SmartSynch, has raised another round of $25.67 million in debt and options out of a planned $33.37 million round, according to a filing Wednesday morning.

The Cellular Smart Grid Grows Up

One of the first trials by a utility to use public wireless networks for the smart grid has now turned into a full-fledged deployment. Texas New Mexico Power plans to expand its smart grid project, which connects 10,000 smart meters via AT&T and SmartSynch, to 231,000 meters.