Smart energy firm secures €800k funding

Endeco Technologies, a Dublin-based developer of smart energy technology, has secured funding of €800,000.

The investment, from the AIB Seed Capital Fund, Enterprise Ireland and private investors, brings to €1 million the total investment secured by the company to date.

Established in 2007, it has developed wireless smart energy management controls for the retail sector, which can cut energy costs by managing power usage. Endeco founder and chief executive Michael Phelan said that ...