Braemar Energy Ventures, a venture capital fund making early- to mid-stage investments in the energy technology sector, recently announced a $10 million investment in Fulham, an assembler and distributor of electronic ballasts and drivers for fluorescent, HID and LED lighting.
Fulham joins Braemar’s energy efficient lighting portfolio comprised of Laser Light Engines, Nuventix and Luminus Devices. Brian Wald remains Fulham’s CEO and will be joined on the Board by representatives from Braemar Energy Ventures.
According to research by the Darnell Group, the worldwide ballast market is $6.5 billion and is expected to grow to $11 billion in the next five years. Industry trends favor electronic ballasts in fluorescent, later migrating to LED and other forms of solid state lighting.
