Stash Energy, the Fredericton-based energy-storage company, has raised a $400,000 funding round, with equal contributions from the New Brunswick Innovation Foundation and Island Capital Partners.
The funding comes as the company has received 1,500 pre-orders for its initial product, which works with a traditional heat pump to store energy and heat homes. And Stash is also working with the University of Ottawa on its second-generation product, which would cool homes.
Both investors have invested in the company previously. In June 2018, Stash Energy raised a $500,000 round divided just about