ESG Today writes that electrification and technology company ABB and GS Energy participated in the funding round and Ndustrial struck partnerships with both to expand its technologies to more facilities.

North Carolina-based Ndustrial provides technologies and solutions to help industrial customers optimize energy consumption in order to help them decarbonize, while reducing operational costs, at the same time. Using AI, Ndustrial's software analyzes 60 different business elements that contribute to a company's energy consumption, helping operators understand which are the most energy-consuming processes.

Stuart Thompson, President, ABB Electrification Service, said that "under this agreement, ABB is adding Ndustrial to our ecosystem of innovative, nimble partners to co-develop advancements in digital solutions to complement our portfolio and enhance the availability, resilience, safety and sustainability of energy for customers."

So far, Ndustrial's energy optimization solutions helped worldwide customers reduce energy costs by a total of 100 million dollars.

Jason Massey, Founder & CEO at Ndustrial, added that "Ndustrial’s production-aware technology empowers industrial leaders to finally wrap their arms around their data in real-time, understand the relationships between production cycles and energy use, report Scope 3 emissions and take action immediately.'