GE Awards First Ecomagination Millions to Smart Grid Firms

GE handed out the first of what will be $200 million in awards from its Ecomagination Challenge to companies making windows that automatically tint to keep buildings cool, heating systems that run on solar-powered hot water and other energy-efficient technologies developed with the smart grid in mind. Out of nearly 4,000 ideas submitted to the challenge, GE selected 12 companies that will be on the receiving end of $55 million. The challenge, which was open for 10 weeks, is aimed at speeding up the development and use of power grid technology around the world. In addition to investing in ideas, GE will work with winners on technology development, validation and distribution. The 12 companies GE is partnering with work on energy storage, utility security, energy management software, electric vehicle charging and other technologies that connect with power grids.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

NATURE'S GENERATOR POWERHOUSE

NATURE'S GENERATOR POWERHOUSE

Offers a maximum power output of 120V/240V 7200Watt and can power almost anything. Whether it is 120 Volts or 240 Volts, Powerhouse can single-handedly address all your home power requirements. The Nature's Generator is a solar generator built to be used anywhere, anytime. Power is supplied by our very own Power Panels and Wind Turbines, and can be connected to your home power. We ensure a clean charge without sacrificing any power, so you can stay connected wherever life takes you.