Ideal Energy, a Fairfield-based solar energy company has received a $200,000 grant from the Iowa Economic Development Authority (IEDA) for two projects that will study storing energy in batteries.
The grant from IEDA will be used to study the performance of the first large-scale solar-plus-battery storage installations in the state. The two installations, located in Fairfield at Agri-Industrial Plastics Company and Maharishi University of Management, are Iowa’s largest solar plus storage projects.
Ideal Energy is partnering with Iowa State University’s Electric Power Research Center on the project. Ideal Energy will gather information about how the systems work and share it with a team of researchers at Iowa State University who will then analyze it.
What else is happening?
Attune Medical said today it closed a $15.5 million oversubscribed Series C round of financing. Funds from the round are slated to support expansion and progression of the company’s temperature management technology, including its flagship EnsoETM esophageal cooling device. –Mass Device
Capita3, a Minneapolis-based venture capital firm led by serial investors and entrepreneurs Sara Russick and Pam York, has closed on $1.2 million for its first fund, which will back women-led health startups. Capita3 will provide seed-stage funding for seven to 10 women-led companies in the Midwest over the next two years, the firm told Minne Inno. Capita3 aims to back startups in innovative health sectors such as genomics, digital health, women’s health and food-as-medicine. –Minneapolis Business Journal
Whiteboard Technologies recently announced that it has completed a raise of $2.5 million, led by i2e, an Oklahoma based venture entity. Whiteboard Technologies, creator of Whiteboard Mortgage CRM, provides customer relationship management (CRM) software for mortgage professionals – with a focus on keeping everyone in the loop during the mortgage underwriting process. –Silicon Prairie News
Satellite imagery and machine learning software company Agrograph closed a $500,000 seed funding with the Idea Fund of La Crosse. The company is a graduate of the Wisconsin-based startup accelerator called Gener8tor, which is how it met its new funders, CEO and co-founder Mutlu Ozdogan recently told AgFunderNews. –AgFunder News