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
A smart grid uses analogue or digital information and communications technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity.
The information flows in the electricity cables, or with wireless commun
ff Venture Capital announced in a blog post this morning that it has closed its third fund — or rather, two funds, ff Rose and its “sister fund” ff Rose Innovate.
The firm had been open about the fact that it was raising a fund, thanks to new SEC rules. Together, the funds total $52 million, a little bit more than the $50 million that ffvc said it was planning.
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.
Just when it looked like the bubble might be cracking, that venture capital investment in education was stuck in the doldrums, and that the year in EdTech might end with a whimper, no bang in sight, along comes Knewton to put an exclamation point on an active December.