BPL raises $26M - Broadband over Power is alive

PITTSBURGH, Pa., February 15, 2007 – BPL Global™, Ltd., an international leader in “Smart Grid” technologies and broadband services over power lines (BPL), announced today the close of its Series C financing round with aggregate investments of $26M.
They got the money from Morgan Stanley, PA Early Stage, Al-Deera Holdings, International Financial Advisors, International Finance Co. and Kuwait Holding Company.

Internet over power is actually a really cool technology that could have very high ROI, because it would help to save expensive infrastructure costs. Just Imagine getting Internet, TV, Phone and Electricity from just a single socket.