US-based clean technology company Powerit Solutions appointed Kevin Klustner as chief executive officer (CEO) on 6 September. Klustner was previously co-founder of management consultancy firm Convergency Partners, in addition to being a published cleantech writer.
Powerit closed a $5m series C funding round in March led by venture capital firm Black Coral Capital, with participation from corporate venturing units Siemens Venture Capital and Arcelor Mittal’s Clean Technology Fund, and venture capital firms @Ventures and Expansion Capital Partners.
Powerit previously secured $6m, in April 2009, and $7.1m in June 2007. Though investors in the former round were unspecified, the 2007 round featured the Clean Technology Fund, @Ventures, and real estate firm Stellar Holdings as investors.
Klustner said: "Powerit Solutions has very successful businesses in North America within the metals/foundry and industrial food processing sectors. Our goal now is to take this proven product, expand our partner network, leverage our Scandinavian operations to expand internationally, and further enhance our product road map and long-term strategy. I’m thrilled to lead a company poised for growth and to be a part of the team that’s made Powerit so dynamic."