Spring Lake and Energy Innovation to invest in Phoenix Energy.

Spring Lake, a growth equity firm, and Energy Innovation Capital, partner and premier capital provider for innovators serving the energy industry, agreed to invest in Phoenix Energy. Financial terms were not disclosed. Phoenix Energy, smart building, and an IOT business intelligence analytics company. “This investment will strengthen our value proposition for customers and support our continued rapid growth. With this investment, Phoenix Energy Technologies is poised to further enhance our offerings across the retail, grocery, healthcare, and other commercial and institutional markets,” Glen Schrank, PhoenixET CEO.