U.S. smart meter enabled energy analytics company Innowatts has raised $18.2 million in a Series B round of financing.

New York-based investment firm Energy Impact Partners led the financing round.

Current investors, Shell Ventures, Iberdrola and Energy and Environment Investment, and new investor, Energy Ventures, also joined the round.

Innowatts will allocate the new funds towards extending the application of its eUtilityTM platform.