Article: CoaLogix Receives $11.5 million Financial Backing.

Further growth and expansion enabled by additional funding.

CHARLOTTE, N.C., April 14 /PRNewswire-FirstCall/ -- CoaLogix, owned by Acorn Energy, Inc. , and EnerTech Capital, announced today that it has received over $10 million in new funding commitments. The commitments have been secured from Acorn Energy, Inc., EnerTech Capital Partners III LP, and the CoaLogix management team. This new capital will enable CoaLogix to execute its strategy of expanding its industry-leading holistic, environmental technologies for electric utilities, and continue to grow its US operations. The funding will also provide the company with the flexibility to consider expansions to ...

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