It was terrific to hear Tim Angus, of Toronto-based REGEN, http://www.regenenergy.com/default.htm, talk about the company's recent win of $5.5 m from Palo Alto based VC NGEN, http://www.ngenpartners.com/, and Canada's BDC, at the September 29 Smart Grid Venture Showcase in Worcester MA.Two years ago, Tim was my guest at one of our first clean tech dinner functions (the Boston Canadian Consulate has since hosted a range of Clean Tech events and Initiatives). At the time, Tim had just been hired to build REGEN into a first class company. With his background and experience at Johnson Controls, Tim was a perfect fit for the job.
Two years later, REGEN's EnviroGrid™, has captured the attention of an energy efficiency niche market that is finally ready to embrace this technology. The Big Box market in the US alone is estimated at $1 billion. With its first store installs completed, REGEN is furiously scaling up and rolling out its fully patented technology, a wireless swarm-logic demand management platform, for electrical demand management, demand response and energy efficiency.
We'll be tracking REGEN's progress in this space closely over the next 24 months.
