Charlotte-based Atom Power raises $3M (+ video, product lineup)

Atom Power Inc. has raised $3 million in a private equity and options offering, according to a filing Wednesday with the Securities and Exchange Commission.

The money came from three investors, according to the filing.

The Charlotte-based energy startup secured a large investment earlier in the year from Siemens. Atom Power did not disclose how much the investment was worth.

Atom Power was founded in 2014 for the purpose of revolutionizing commercial and industrial power distribution through the development of solid-state switching technology.

The company developed the first commercially viable solid-state circuit breaker.

Atom Power: ‘The revolution in power distribution is here.’

Here’s a look at Atom Power products:

The revolution in power distribution is here. All of the power that we depend so much on flows through circuit breakers. Atom Power believes the circuit breaker should be the most intelligent, dynamic, and safest device in a building. We believe the circuit breaker should no longer just be a circuit breaker…

The ATOM SWITCH SOLID STATE CIRCUIT BREAKER

The world’s first truly solid-state circuit breaker for the commercial and industrial building markets. The Atom Switch has transitioned the circuit breaker from mechanical to digital in the most intelligent, dynamic, and fastest circuit breaker ever

The ATOM PANEL SMART POWER DISTRIBUTION

A simple, intuitive, and intelligent distribution panel. The Atom Panel houses all of the Atom Switch circuit breakers and networks everything together. Simply plug in the Atom Switches and it works instantly.

ATOMOS INTELLIGENT POWER

Control and even change the characteristics of your electrical infrastructure. Turning circuit breakers on and off, changing their time-current characteristics, renaming panels, and even artificial intelligent decision-making for your electrical infrastructure can now happen through one of the simplest apps ever developed.

MicroGrid ISLAND SOLID STATE ISLANDING

Islanding in microseconds. The Atom MicgroGrid Island is an ultra fast islanding device for use in paralleled utility and stored energy applications. It incorporates key features of the Atom Switch including arc flash mitigation, remote control, and protective relay functions.

Source: Atom Power

Its CEO is Ryan Kennedy. He previously was a project manager for W.B. Moore Co. in Charlotte and has a degree in electrical engineering from UNC-Charlotte.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.