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8th March 2010
The deployment of smart grid technology could easily be one of the leading drivers of wealth well into the next 15 years with the smart appliance market expected be five times larger than it is today, according to a new report.
1st March 2010
US smart grid network provider Silver Spring Networks has been tipped as the next cleantech company to list publicly through an IPO, according to reports.
25th February 2010
As a parliamentary report criticises the power industry’s failure to agree on a new transmission regime, creating a 60GW backlog of projects waiting to get connected, a leading analyst told NewNet that access issues are restraining renewable energy projects.
25th February 2010
US private equity firm Navigation Capital Partners (NCP) has acquired smart grid infrastructure upgrade provider Specialized Technical Services (STS).
23rd February 2010
US radio transmission company International Broadband Electric Communications (IBEC) and the Puerto Rico Electric Power Authority (PREPA) have jointly launched the Smart Grid Broadband-over-Power Lines Communications Pilot Program.
23rd February 2010
Electrical power analytics and management system developer EDSA has named Ken Wood to its newly-created position of business executive overseeing its Paladin SmartGrid operations.
12th February 2010
Smart grid technology company SmartSynch is to provide the cty of Griffin, Georgia, US with a complete smart metering system for its entire electric service territory.
12th February 2010
Smart metering company Cuculus has completed a €2.6m financing round to fund the continued deployment of its smart technologies in the utility and telecom markets.
8th February 2010
New Jersey-based solar provider Petra Solar has raised $40m in expansion funding for its pole mounted solar solutions designed to meet the communication infrastructure needs of a smart grid. The company said the new capital will be channeled towards the development of the company’s pole mounted solar powered, two-way telemetry data recorder.
28th January 2010
California-based developer of high voltage composite reinforced conductors (HVCRC) for electrical transmission lines, Mercury Cable & Energy’s operating subsidiary has engaged Jordana Electric to represent its HVCRC Smart Conductor product line in Mexico.
25th January 2010
South Korea is set to inject 27.5tn won ($24bn) into the development of a smart electricity grid in the nation through till 2030, according to reports.
25th January 2010
NASDAQ-listed battery maker EnerDel is to invest $237m in a new plant to meet the demand for its battery systems to be used in automotive and stationary smart grid applications.
21st January 2010
Cailfornia-based smart grid company Lucid Design Group has completed a $1.5m Series A round of funding.
19th January 2010
Global R&D group 3M, through its 3M New Ventures business, has acquired an interest in energy management company Energy Inc. Terms of the transaction were not disclosed.
12th January 2010
NASDAQ-listed smart grid company Itron smart grid solutions has been awarded advanced energy manufacturing tax credits as part of the $2.3bn in Recovery Act funding for clean energy manufacturing projects across the US.
12th January 2010
The City of Yangzhou and NYSE-listed energy, global infrastructure, finance and media company General Electric (GE) have announced that they are to work together to help bring the benefits of smart grid technologies to China.
8th January 2010
UK-based purchaser and supplier of independently generated electricity SmartestEnergy now has over 1500MW under management, which the company said gives it the largest portfolio of non-utility generated electricity in the UK.
8th January 2010
US smart grid company GridPoint has appointed electric company association Edison Electric Institute’s (EEI) president Thomas Kuhn, former Pennsylvania DEP Secretary Kathleen McGinty, Brattle Group’s chairman emeritus Peter Fox-Penner, and technical journalist Andy Kessler to its advisory board.
8th January 2010
NYSE-listed clean energy company ZBB Energy Corporation has appointed Eric Apfelbach as president and CEO, and as a member of its board of directors.
6th January 2010
European clean technology-focused venture capital firm WHEB Ventures has invested in home energy efficiency company, PassivSystems.
18th December 2009
US power company GE has endorsed the European Union Commission’s introduction of a smart grid roadmap to border-neutral carbon reduction.
18th December 2009
In response to US Vice President Joe Biden’s memo to President Obama on advancing a clean energy economy, chairman and CEO of Texas-serving electric transmission company Oncor, Bob Shapard, has applauded the benefits of the nation’s smart electric grid and smart meter installations.
15th December 2009
US smart grid company GridPoint has unveiled its next-generation home energy management technology.
25th November 2009
The US Department of Energy (DOE) is to award $620m in funding for projects to demonstrate advanced smart grid technologies and integrated systems.
4th November 2009
Head of mobile phones for Nokia, Rick Simonson has joined the board of directors for smart grid solutions provider Silver Spring Networks. Simonson, who previously held the position of Nokia’s CFO for six years, will chair the audit committee.
30th October 2009
Energy supply company OG&E has entered into agreements with General Electric Energy (GE) and smart grid provider Silver Spring Networks, to handle its Positive Energy smart grid programme, which is deployed in Norman, Oklahoma, next year.
27th October 2009
Outsourcing company System One has partnered with Greenville, US-based Utility Partners of America (UPA), to provide outsourced staffing and services in support of UPA smart grid deployments.
20th October 2009
GridPoint has appointed smart grid experts Michael Donohue and Michael Hearney to join its corporate development group. The company is a leader in smart grid software that helps utilities ease into the change to smart grids.
8th October 2009
US management consultancy firm Accenture have been selected by the Department of Energy and Climate Change (DECC) to analyse the UK’s readiness to adopt smart grid technology.
5th October 2009
Cisco and German utility provider Yello Strom have partnered to deploy smart grid energy systems that allow customers to monitor and control energy usage to 70 selected homes and businesses in Germany.
2nd October 2009
Silver Spring Networks (SSN), a California, US-based smart grid solutions provider, has appointed Gary Gysin to the role of executive vice president of worldwide sales. He will be responsible for driving go-to-market strategies with a focus on the company’s international growth and expanding sales coverage across emerging smart grid markets. He will report directly to Silver Spring Networks Chairman, CEO and president, Scott Lang.
1st October 2009
UK-based, Low Carbon Accelerator (LCA) has committed to a further equity investment of £1m in RLtec. This commitment is part of an overall £5.79m funding round attracting two new investors with smart grid expertise, Naxos Capital Partners and Carbon Trust Investment.
28th September 2009
German technology group Siemens has stated that it wants to receive orders worth more than €6bn for intelligent power networks over the next five years.
24th September 2009
Upping the efficiency of electrical power networks can result in a fall in greenhouse gas emissions into the environment.
24th September 2009
Duke Energy has paired up with ENN Group to embark on a series of clean technology ventures.
23rd September 2009
RLtec, a UK-based smart grid technology company, has welcomed former non-executive director Peter Hughes as its new chairman.
23rd September 2009
Silver Spring Networks, a provider of smart grid solutions, has struck a deal to buy Greenbox Technology, a provider of web-based energy management software.
22nd September 2009
The US Department of Energy announced $144m of funding from the American Recovery and Reinvestment Act will be spent on the modernising the electricity sector; $100m of which will be available for smart grid workforce training programmes and $44.2m will be spent on public utility commissions.
21st September 2009
IBM and energy technology company Consert have completed their smart grid pilot project installations with nearly 100 commercial and residential participants partnering with the Fayetteville Public Works Commission in North Carolina, US.
16th September 2009
Tendril, a creator of ecosystems for energy retailers, said its ecosystem designed to help fuel adoption of the smart grid was gaining significant momentum.
10th September 2009
Phone giant Nokia and Finnish energy institute Vaasa have combined to form home energy efficiency company There Corporation.
3rd September 2009
Swiss smart metering firm Landis+Gyr has welcomed an EU energy package, which has come into force, as a positive move towards the development of the smart grid. The two Directives and three Regulations are the latest acts to achieve an integrated EU-wide energy market and to enhance consumer protection measures.
2nd September 2009
Control4, a developer of consumer energy management solutions, has been chosen as the HAN provider for Texas-based utility Bluebonnet Electric Cooperative.
18th August 2009
The Scottish Government is to invest £1.6m in Aberdeen’s Scottish European Green Energy Centre (SEGEC), through the European Regional Development Fund.
11th August 2009
Smart grid company GridPoint has appointed Chevrolet Volt developer Anthony Posawatz and Sierra Club executive director Carl Pope to its board of advisors.
7th August 2009
Smart grid company Comverge, Inc. has recorded a quarterly revenue increase of $13.3m compared to $9.5m in the second quarter of 2008, a 39 per cent increase.
6th August 2009
US energy utility National Grid has applied to the US Department of Energy for $200m in stimulus funding to develop smart grid deployment in New York, Massachusetts and Rhode Island.
30th July 2009
Grid Net, a San Francisco-based developer of smart grid network management software and communications products, has secured an undisclose amount of Series C funding. The funding was led by clean energy investor Braemar Energy Ventures and included existing investors Catamount Ventures, GE Energy Financial Services and Intel Capital.
29th July 2009
Christine Shapard, the executive director of the Colorado Cleantech Industry Association discusses why private investment is crucial in pushing cleantech forward, the effects of a new Administration and the potential impact to the industry of stimulus funding.
‘The stimulus packages that were recently introduced do focus on cleantech and we see a great deal of money going into smart grid proposals. Of course none of that money has yet made its way to the companies as they are still assessing applications but knowing funds will go into this area has boosted confidence and aroused an interest amongst companies.’
22nd July 2009
US electricity company Oncor has filed three applications to the US Department of Energy for a total of $317m of Recovery and Reinvestment Act funding to support the company’s smart grid projects.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'