Greenvity, a startup that makes “system on a chip” (SOC) technology for use in smart grid-connected equipment or energy saving consumer electronics, has raised more than $7 million in a series A round led by DFJ VinaCapital. The round was joined by undisclosed angels and one chip manufacturer, reports managing director of the Ho Chi Minh City-based venture fund, Phuc Tan.
Adults in the U.S. could use a little more education on economics and physics, it seems. We’re not drawing the connection between power consumed by our electronics and the cost of our electric bills.
A new survey from the Consumer Electronics Association found thirty six percent of adults in the U.S. are “not concerned” with the amount of power consumed by their gadgets, gear and appliances. → Read More
Toshiba — the diversified tech company best known for its consumer electronics, lighting and HVAC systems — is coming after the smart grid market in Europe and the U.S. with the acquisition of a Swiss smart grid tech firm, Landis+Gyr. Toshiba announced a commitment to acquire Landis+Gyr for $2.3 billion today.
The company makes power distribution, metering and smart home software and systems… → Read More
A New York research firm that turns massive amounts of data into streamlined information, CUBRC (pronounced “coo-brick”) invested $1.2 million in seed finance, and established a strategic partnership with GridGlo — a smart grid technology startup from Delray Beach, Florida, the companies revealed today.
GridGlo sells software and services that help utilities see how and why their customers… → Read More
The company sells integration software and systems to: semiconductor manufacturers, smart device makers, utilities and automotive companies, currently. Its technology ensures that grid-connected devices — like smart home meters, and… → Read More
Power-One, Inc. (NASDAQ:PWER) — a large manufacturer of power inverters for the renewable energy industry and provider of software to manage power harvesting and distribution — opened its first North American manufacturing facility in Phoenix today, where they plan to employ 350 people full-time.
According to a company press statement, the facility will primarily produce photovoltaic and wind… → Read More
A new SEC filing revealed today that Gridpoint — a smart energy consultancy based in Arlington, Virginia — raised another $23.6 million to design, build and install energy tracking and management systems for companies or government agencies seeking to cut costs and reduce consumption.
Founded in 2003, Gridpoint appointed a new chief executive, John B. Spiritos, last quarter (October 2010). In… → Read More
A Pennsylvania startup Viridity Energy drew a series B investment of $14 million from Braemar Energy Ventures and Intel Capital, the company reported today.
Founded in 2008, Viridity Energy offers “distributed demand management software, systems and services,” that can turn very energy-consuming businesses into producers and sellers of power back to the grid. Viridity’s technology can also help… → Read More
In an effort to push the limits of home energy efficiency, General Electric is partnering with the U.S. Department of Energy on a $5 million project to connect homes in the Western U.S. to its energy management system, LED lights, appliances and solar panels.
The purpose of the project is to research home energy efficiency and test new tracking systems. GE thinks participants will be able to save… → Read More
Smart Grid management software producer eMeter announced a $12.5 million Series F round of funding today. The investment comes from Sequoia Capital and Foundation Capital, who have both invested in the company previously, along with Northgate Capital.
The company was founded in 1999 and has raised nearly $70 million in funding. eMeter works with more than a dozen electric, gas and water utility… → Read More
Clean technology remains one of the hottest areas of venture funding. In the second quarter, cleantech venture investments worldwide totaled $2.02 billion across 140 companies, according to market research firm Cleantech Group and Deloitte. The numbers are in line with last quarter’s $2.04 billion, but 43% higher than one year ago.
Exits for the quarter totaled more than $8 billion globally… → Read More
I think we can all agree that protecting our own personal privacy is a generally good idea. There are an enormous number of ways that our privacy can be encroached in a given day. Some of them are “for our own good”, or “just the cost of doing business” in the modern age. Some of the ways our privacy may be violated are extremely esoteric and not very likely (hard drive activity LEDs, for example! → Read More
Trilliant, a company that works on the nation’s “Smart Grid“, has closed a $40 million funding round led by MissionPoint Capital Partners and zouk ventures. As part of the deal, Mark J. Lewis of MissionPoint and Anthony Fox of zouk will be joining the company’s Board of Directors. Smart Grid refers to the improved power grid being rolled out nationwide (and in some European… → Read More