GE, in conjunction with a group of venture capital funds, has pledged to invest $US200 million in the best ideas to accelerate the development of a smart electricity grid.
on 07/14/2010 – Made popular on 07/14/2010
If you follow the energy sector, you’d be aware that the word “smart” gets bandied about quite a lot. Smart meters, smart cities and smart grids are all the rage. New South Wales based retailer and distributor EnergyAustralia has picked up a neat $100M as the winning bidder for the "Smart Grid, Smart City" project.
Echelon Corp. unveiled a distributed control node designed for electrical grid optimization. The DCN 3000 communicates with grid devices via OSGP power-line networking, reports back to the utility head-end via Ethernet or 3G, and enables downloading of Linux-based smart grid apps.
One thing the UK, a huge finance market, has been lacking in recent years is something equivalent to Mint.com. Now Money Dashboard hopes to fulfil at least part of that role. It's a ‘smart' account aggregation service that automatically analyses online banking statements.
With the SEC’s new rules allowing startups and venture funds to raise capital publicly, a wave of firms and companies is starting to experiment with the new regulations. Now we’re seeing one of the very first institutional venture capital firms come forward to publicly market its new fund.
ff Venture Capital is publicly fundraising for its third fund, following its second $27 million o