Dive Summary:

• Mitsui & Co., Ltd., a conglomerate based in Japan, announced that it will invest $15 million in the Philadelphia-based smart grid software startup Viridity Energy.
• Mitsui's investment, which is contingent upon approval from the Federal Energy Regulatory Commission, includes a cooperative agreement for deploying Viridity's VPower platform in Asia Pacific and other markets, according to a press release.
• The investment will help Viridity to expand its work in storage optimization and smart grid management.

From the article:

Smart grid software startup Viridity Energy has raised $15 million from Japanese giant Mitsui, the companies announced on Tuesday. Viridity uses energy data, from energy pricing to info about energy demand and supply, to create a new type of demand response service, or the process when utilities connect with building owners to turn down a building’s energy consumption. Viridity sells the software to building owners. ...