Demand Power Group (DPGI) has completed a $71 million raise of equity and commitment of development and project finance from investors, including Star America.
DPGI is an energy-services company, offering electricity solutions to Ontario’s industrial and commercial customers. DPGI’s core energy-storage solution is a behind-the-meter system incorporating industrial-grade batteries and an uninterruptible power supply, improving power reliability while reducing energy costs.
The systems, which will be financed by investors including Star America, will be located on customer sites. Demand Power expects the first projects to be completed by the end of 2020.
Star America is an independent U.S.-headquartered developer and manager of greenfield infrastructure assets in North America. Star America manages capital from U.S. labor pensions, insurance companies, asset managers, regional construction companies, and high-net-worth individuals, among others. Star America
