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19th February 2010
UK smart technology developer PassivSystems has acquired UK energy consultancy Digital Living, a consultancy-led specialist focusing on smart metering and energy efficiency.
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.
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.
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
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.
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.
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.
5th August 2009
Power Assure, Inc, a developer of power management solutions for data centres, has completed its Series A round of funding, raising $2.5m from Draper Fisher Jurvetson and individual investors.
21st July 2009
Advanced Telemetry, a US developer of the smart energy and resource management systems has successfully closed its Series B investment round with funding lead by cleantech investor Quercus Trust and a co-investment from venture capital firm 21Ventures. Both Quercus Trust and 21Ventures were investors in Advanced Telemetry’s Series A round.
17th July 2009
Energy management company Landis+Gyr has received approval to deploy its smart grid system in Brazil. The system will allow Brazilian utilities to provide up-to-date energy information to help Brazilians control their energy use, cut energy costs, reduce environmental impacts and better protect against energy theft, the company said.
15th July 2009
The UK has released its Low Carbon Transition Plan to plot out how it will meet the cut in emissions set out in the budget of 34 per cent on 1990 levels by 2020. A 21 per cent reduction has already been delivered - equivalent to cutting emissions entirely from four cities the size of London, according to the Department of Energy And Climate Change.
15th July 2009
GE has unveiled plans for its Net Zero Energy Home project, which combines GE’s most efficient appliances and lighting, the company’s new energy management systems, and GE power generating and storing technologies in new home construction. When applied together, the system would enable a homeowner to achieve net zero energy costs by 2015, the company said.
14th July 2009
The president of the government of Andalusia, José Antonio Griñán, alongside Spanish energy utility Endesa has unveiled the SmartCity initiative in Malaga, Spain, which introduces a new urban energy management model in a bid to improve energy efficiency, reduce CO2 emissions and shift consumption to renewable energies.
8th July 2009
Control4, a provider of energy efficient home control and entertainment systems, has secured an additional $17.3m in equity financing. Best Buy Capital, Mercato Partners and University Venture Fund join current investors Foundation Capital, Frazier Technology Ventures, Thomas Weisel Venture Partners and vSpring Capital to accelerate Control4’s development in energy management systems and home energy.
19th June 2009
The National Grid’s electricity supply system is set to become more complex in the coming decades with large amounts of variable wind generation and much larger nuclear power stations connecting to the networks. The company has published a report showing how these challenges can be met.
15th June 2009
Itron, Inc., a technology provider to the global energy and water industries, has announced today that Itron Metering Solutions UK, formerly known as Actaris UK, is launching EnergyPOINT.net, a new internet-based smart energy solution for energy customers in the United Kingdom.
11th June 2009
Listed US energy utility Duke Energy is to join forces with network communications company Cisco Systems, Inc., to fast-track development of Duke Energy’s electric smart grid.
10th June 2009
US energy utility ComEd has named GE Energy and Silver Spring Networks as partners for the company’s proposed Advanced Metering Infrastructure (AMI) pilot, the first step in the company’s smart grid deployment.
8th April 2009
Smart grid company EnergyHub has closed a Series A round co-led by US venture capital firms .406 Ventures and Physic Ventures. Terms of the investment were not disclosed.
7th April 2009
US smart metering company Ember Corporation, has closed an additional $8m in funding from its primary venture capital investors and strategic partners. Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, New Atlantic Ventures, WestLB Mellon Asset Management (formerly West AM) and strategic partners including Chevron Technology Ventures and Stata Venture Partners participated in the round. This new round combined with existing investments from STMicroelectronics, Hitachi Corporation and MIT bring the total capital Ember has raised to $89m.
27th March 2009
US energy delivery company Pepco Holdings, Inc. has acquired the first of what could be nearly 2 million smart meters for installation in the homes and businesses of customers in three states and the District of Columbia over the next five years. The new digital meters are a component of PHI’s plan to build a smart grid network that could eventually serve the company’s 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey, the company said.
23rd March 2009
The US Federal Energy Regulatory Commission (FERC) has announced plans to accelerate the development of a smarter grid for the country’s electric transmission system.
20th March 2009
Ann Partlow discusses the growing commercial opportunities in resource efficiency, the US East Coast venture capital scene and the challenges facing a newly-launched fund focusing on clean energy.
‘It is always challenging to be a pioneer. We look for technologies and sectors in the market where there is a real need for a different solution today. We do not want to be so far ahead of the adoption curve that the companies have to struggle to create a new market.’
6th March 2009
ESCO Technologies Inc. has hired energy industry executive and smart grid veteran Dave Zabetakis as general manager of Aclara Software Inc., reporting to group president Bruce Phillips.
6th March 2009
US electricity company Southern Company has installed one million smart meters, as part of an electricity metering programme that will eventually see 4.4 million meters in place across the Southeast US.
13th February 2009
Search engine Google is launching a new tool called Google PowerMeter as part of an initiative to tackle energy usage.
4th February 2009
The Maltese National Electricity and Water Utilities - Enemalta Corporation (EMC) and Water Services Corporation (WSC) - have selected computer technology giant IBM for a €70m, five-year agreement to design and deliver a nationwide smart grid implementation.
22nd January 2009
US Solar energy solutions producer Solar Energy Systems has successfully commissioned New York’s first commercial net metered solar photovoltaic system for Big Sue, a consulting firm which specialises in green buildings.
15th January 2009
Energy management solutions company Landis+Gyr has signed advanced metering management contracts with five Finnish utilities that will install smart meter solutions enabling 145,000 new consumers to manage energy better.
12th January 2009
The Governor of Kansas Kathleen Sebelius and Lieutenant Governor Mark Parkinson have introduced a comprehensive new energy plan for the US state.
8th December 2008
The Demand Response Coordinating Committee has released a new report on state and federal policies that have been implemented in recent years in the area of demand response, smart meters and smart grid technologies.
8th December 2008
Pacific Gas and Electric Company (PG&E) has awarded NetApp a rebate of $1.4m in recognition of its continued environmental work.
5th December 2008
Isis Innovation, the University of Oxford’s technology transfer company, has formed a new spin-out company, based on technology developed at the University.
25th November 2008
The Demand Response and Smart Grid Coalition unveiled its policy recommendations for the imminent Obama Administration and the 111th Congress.
17th November 2008
Canadian electricity company Enersource Hydro Mississauga will install smart meters for small commercial and industrial customers in Mississauga, Canada.
13th November 2008
The Demand Response and Advanced Metering Coalition (DRAM) has added four companies to its membership roster, and is to change its name to the Demand Response and Smart Grid Coalition (DRSG). The companies are web giant Google, energy management company CPower, energy services company Conservation Services Group and energy management business Corporate Systems Engineering.
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.'--- 1 Comment
