Varentec Gets $7.7M in VC Round

Recently, Varentec received US$ 7.7 million from investors led by Khosla Ventures. Varentec is a Menlo Park based startup working on the concept of utilities giving digital control over power grids.  In October 2011, Varentec received US$ 5 million from an ARPA-E Grant for the GENI program, together with a group of partners that include [...]

Smart Meter Hysteria

Consumer foes of smart meters are not letting up. In 2011, California’s Pacific, Gas & Electric (PG&E) has been the focus of smart meter installation protests. Some consumers fear that electromagnetic radiation from the radios inside wirelessly networked smart meters could cause harm in humans. Some studies have shown that EMF coming from the latest [...]

Siemens to Acquire eMeter to Enhance Smart Grid Offering

The press release states, “Siemens Industry, Inc.  announced today that it has signed an agreement to acquire all of the stock of eMeter Corporation, headquartered in San Mateo, California (“eMeter”). The parties expect to close the deal in December 2011, subject to necessary approvals and customary closing conditions. The parties will not disclose the terms [...]

EnerNOC Signs 300 Megawatt Demand Response Contract with PPL Electric Utilities Corporation

The press release states, “EnerNOC, Inc. (NASDAQ: ENOC), the leading provider of demand response applications and services, today announced that it has entered into a contract with PPL Electric Utilities Corporation, a subsidiary of PPL Corporation (NYSE: PPL), to provide 300 megawatts of demand response capacity. By drawing upon its DemandSMART™ network of commercial, institutional, [...]

EnerNOC and Electricity North West Limited Sign Five-Year Demand Response Agreement

The press release states, “EnerNOC, Inc. (NASDAQ: ENOC), the leading provider of demand response applications and services, today announced that it will provide demand response capacity to Electricity North West Limited, a major distribution network operator that delivers power to 2.4 million domestic and industrial customers in the North West of England, including Greater Manchester [...]

Johnson Controls Announces Agreement to Acquire EnergyConnect

The press release states, “Johnson Controls (NYSE: JCI), the global leader in delivering products, services and solutions that increase energy efficiency in buildings, and EnergyConnect Group, Inc. (OTC Bulletin Board: ECNG), a leading provider of smart grid demand response services and technologies, today announced the signing of a merger agreement under which Johnson Controls would [...]

GE buys Lineage Power from The Gores Group

According to the press release, “GE (NYSE: GE) today announced it has signed an agreement to acquire privately-held Lineage Power Holdings, Inc., from The Gores Group, LLC. Lineage Power is a leading global provider of high-efficiency power conversion infrastructure technology and services for the telecommunications and datacenter industries. The deal will open the door for GE [...]

OPOWER raises 50 mil from VCs

The press release states, “OPOWER, the leading energy efficiency and Smart Grid software company, today announced the closing of a $50 million strategic round of financing.  The round was co-led by Accel Partners and Kleiner Perkins Caufield & Byers, with participation from New Enterprise Associates (NEA), OPOWER’s largest investor.  The investment will support OPOWER’s rapid [...]

Ice Energy Closes $24 Million in Series C Funding

According to the press release, “Ice Energy, a leading provider of smart grid-enabled distributed energy storage solutions to the electric utility industry, today announced it has completed a $24 million first closing of its Series C financing. The $24 million investment provides Ice Energy with working and growth capital to support its deployment of utility-scale [...]

Siemens to Acquire Site Controls

According to the press release, “The Building Technologies Division of Siemens Industry, Inc. announced today it has signed an agreement to acquire Site Controls, LLC, the Austin, Texas-based provider of enterprise-wide energy management solutions for multi-site commercial businesses. Terms of the acquisition are not disclosed and closing is subject to U.S. antitrust review and approval. [...]

Elster Group SE Files Registration Statement for IPO

According to the press release, “Elster Group SE, one of the world’s largest electricity, gas and water measurement and control providers with products and solutions widely used by utilities in the traditional and emerging Smart Grid markets, today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a [...]

Cisco Announces Intent to Acquire Arch Rock

According to the press release, “Cisco today announced its intent to acquire privately held Arch Rock Corporation, a pioneer in Internet Protocol-based wireless network technology for smart-grid applications. Based in San Francisco, Arch Rock will accelerate Cisco’s ability to facilitate the utility industry’s transition to an open and interoperable smart grid by enabling Cisco to [...]

Cisco and Itron Join Forces to Deliver Next-Generation Smart Grid Platform

According to the press release, “Itron Inc. (NASDAQ: ITRI) and Cisco announced today a strategic alliance that will advance the transformation of the world’s energy infrastructure. Together, the two will deliver a definitive 21st century Internet Protocol (IP)-based communications platform to the smart grid market and help advance more consistent and reliable delivery of energy [...]

Silver Spring Networks Announces Contract Extension with FPL

According to the press release, “Silver Spring Networks, a leading Smart Grid solutions provider, announced today a multi-year extension of its agreement to provide managed services to Florida Power & Light Company (FPL), the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. Under the terms of the [...]

Trilliant Raises $106 Million of Capital

According to the press release, “Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that it has closed financing totaling $106 million from a global syndicate of industry and financial leaders. The financing round was led by two highly-respected financial investors, Investor Growth [...]

GE & Partners Announce $200 Million Global Commitment to Accelerate Power Grid Technology

According to the press release, ” GE (NYSE: GE) announced today a $200 million open innovation challenge that seeks breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. GE Chairman and CEO Jeff Immelt unveiled the challenge, the “GE ecomagination Challenge: Powering the Grid,” [...]

Tennessee Valley Authority selects Smart Synch for Smart Metering

According to the press release, “SmartSynch, Inc., a smart grid infrastructure company utilizing standard IP communications via public wireless networks, has been selected by the Tennessee Valley Authority (TVA) as the smart metering solution provider for Generation Partners℠, a distributed renewable generation program offered by participating local power companies that distribute TVA power. TVA is [...]

New Metering Chips From Teridian Feature Innovative Isolated Sensing Technology

According to the press release, “Teridian Semiconductor today announced that it has begun sampling its fourth generation residential smart metering integrated circuits (ICs). The new product family includes the 71M6541x and 71M6xx1 and features digitally isolated current sensors based on the company’s proprietary MicroDAATM isolation technology. The new 71M6541x, as a stand-alone meter system-on-chip (SoC) [...]

Beacon Power Accelerating Production Plans to Build Nation’s First Full-Scale Flywheel Energy Storage Plant

According to their press release, “Beacon Power Corporation (Nasdaq: BCON), a leading provider of advanced products and services to support a more stable, reliable and efficient electricity grid, today announced that it plans to hire approximately 50 new employees this year at its Tyngsboro, Massachusetts, headquarters, as it ramps up production of its grid-scale flywheel [...]

Top Ten Select Smart Grid Firms

Smart Grid is on the rise, especially with governments and corporations trying to be more efficient and cut down on costs and create jobs. 1. Silver Spring Networks 2. Itron 3. Echelon 4. Tendril 5. General Electric 6. eMeter 7. EnerNOC 8. Austin Energy 9. IBM 10. NKG Insulators

Silver Spring Networks Announces $100 Million Financing

According to the Press Release, “Silver Spring Networks, a leading Smart Grid solutions provider, today announced the closing of a $100 million preferred equity round. The financing will be used for development of new smart grid applications, job growth and the continued expansion of Silver Spring’s global footprint. “We have a terrific opportunity to accelerate [...]

Secretary Chu Announces $620 Million for Smart Grid Demonstration and Energy Storage Projects

According to the Press Release, “At an event in Columbus, Ohio this afternoon, Secretary Chu announced that the Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems that will help build a smarter, more efficient, more resilient electrical grid.  These 32 demonstration projects, [...]

Solar Recycling

Green technology is the way of the future, as it will provide consumers and businesses a cleaner way of completing essential tasks while having far less of a negative impact on the environment. Green energy, in the forms of solar, wind, geo-thermal and hydro will soon gain a bigger foothold in electric grids across the [...]

Landis+Gyr Completes US$100 million Shareholder Funding

According to the Press Release, “Landis+Gyr, the world largest electricity metering company, today announced the finalization of a US$100 million shareholder capital raising to fund the company’s rapid growth in smart metering. “Our existing shareholders’ active support of the company is a tribute to the global potential of smart metering and Landis+Gyr’s unique position to [...]

Being Green Pays

The energy crisis in California between the years of 2000-2001 left many state citizens angered at their utility providers, and rightfully so. Thanks to the corporate greed of companies such as Enron, the entire economy of the state was affected in an adverse way. However, there were good things that came from these trying years, [...]

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