Companies receive funding to develop and commercialize smart grid technologies


New York, NY, U.S.A. — (METERING.COM) — November 17, 2010 – A total of 17 companies in the United States and Israel are receiving funding and support from GE’s ecomagination Challenge: Powering the Grid to develop smart grid technologies.

Five companies have been named as Innovation Award winners and each will receive $100,000 to develop new technologies that could accelerate the development of the smart grid.

The winning companies are:

  • Capstone Metering of Carrollton, Texas, which will develop the IntelliH2O water meter which is self-powered and delivers real time water system management
  • ElectricRoute of Salem and Hollis, NH, which will develop a cyber secure network infrastructure that allows two-way communications grid monitoring and substation automation from wind and solar farms
  • GridON of Givatayim, Israel, which will develop a fault current limiter that solves short circuiting and outages from overloaded electric grids by enabling precise control over their flow and power
  • IceCode of West Lebanon, NH, which will develop a technology that de-ices wind turbine blades by using high power pulses to apply heat from the inside out
  • WinFlex of Kiryat Yam, Israel, which will develop inflatable wind turbines from light, flexible and inexpensive composite cloth sheets.

A further $55 million is being invested in twelve new partnerships with entrants to develop and commercialize technologies vital to helping build the smart grid. Investments and other commercial agreements are currently being negotiated.

These are with:

  • ClimateWell of Stockholm, Sweden, on energy efficient cooling and heating systems that run on solar powered hot water
  • Consert of Raleigh, NC on a demand side energy management solution
  • FMC-Tech, Ltd. of Shannon, Ireland on a power line monitoring system for medium voltage networks
  • The Fu Foundation School for Engineering and Applied Science, Columbia University, New York, on electric vehicle charging stations in New York
  • JouleX of Atlanta, GA on a system that monitors, analyzes and automatically adjusts the energy usage of network devices and systems
  • OPOWER of Arlington, VA on an energy management system that integrates consumer demographics, energy consumption data and behavioral analytics
  • Scientific Conservation of San Francisco, CA on a platform that monitors and manages energy drift in commercial buildings through predictive maintenance of core energy systems
  • SecureRF Corporation of Westport, CT on security solutions that address lower powered embedded devices that will be used throughout the smart grid
  • Sentient Energy of Burlingame, CA on advanced grid monitoring solutions that consist of modular intelligent monitoring devices and software applications
  • Soladigm of Milpitas, CA on a window technology electronically switches glass from clear to tinted to control heat and glare
  • SustainX of West Lebanon, NH on isothermal, compressed air energy storage technology
  • SynapSense Corporation of Folsom, CA on solutions that measure and manage the environmental conditions and power usage in data centers.

Launched in July, the ecomagination Challenge is a $200 million open innovation challenge to uncover breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies.

The Challenge generated nearly 4,000 ideas and facilitated robust conversations across the open innovation platform between 70,000 entrepreneurs in more than 150 countries over a 10-week period.

The Challenge was conceived and is being implemented by GE in partnership with four venture capital firms, Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byer and RockPort Capital.