Thursday, May 19, 2022

CrescoNet Gets Investment From Private Equity Investor

Carlsbad-based CrescoNet, an integrator of electric, water and gas smart metering and related services using Internet-of-Things (IoT) and LTE/5G communications, says it has received an investment from private equity investor Brookfield. Financial details of the investment were not announced. According to the company, it will use the funding to accelerate product and market expansion into North American water, gas, and electric utilities. CrescoNet offers up IoT products for metering energy, including smart meters for water, gas, and electric utilities, and solar, EV, and battery connectivity and control for electric utilities.

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