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General Electric, Venture Firms Unveil $200M Investment and Prize Program to Promote Smart Grid Technologies

July 13, 2010 /

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At a glitz-filled press event in San Francisco’s financial district today, General Electric announced an “innovation challenge” designed to promote smarter, more efficient electric grid technologies. It pledged to invest $200 million in proposals from entrants in three areas—renewable energy, smart grid technologies, and “eco homes/eco buildings”—and said it would collaborate on the program with leading venture capital firm including Zurich- and Toronto-based Emerald Technology Ventures, Menlo Park, CA-based Foundation Capital and Kleiner Perkins Caufield & Byers, and Boston-based RockPort Capital.

Wade Roush

Full Story: http://www.xconomy.com/san-francisco/2010/07/13/general-electric-venture-firms-unveil-200m-investment-and-prize-program-to-promote-smart-grid-technologies/

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