The bigger the better for the greentech sector. Is 2011 the year of the Godzilla greentech company? On this news-laden Monday, there’s some particularly interesting evidence of the market advantages of being a massive company today selling into the energy, fuel and chemical markets.
Intel Capital and Braemar Energy have invested an undisclosed amount of funding into Viridity Energy, a startup which makes software that dynamically manages power loads on the grid in terms of energy pricing, renewable energy generation and energy storage.
Swiss grid giant ABB has put $10 million into car charging company ECOtality and linked a North American manufacturing agreement. Looks like ABB is picking its preferred winner for the U.S. car charging network to come.
Holy solar. Southern California Edison announced this morning that it has signed contracts with solar developers SunPower and Fotowatio Renewable Ventures to buy solar electricity for a total of 831 MW of solar projects.
It’s that time again, when automakers haul their wares out to Detroit for the North American International Auto Show. The event, which kicks off on Monday, will include an array of concepts for more efficient and less polluting cars, including hybrids, plug-in hybrids and all-electric vehicles.
Last summer, GE and a group of VCs launched a $200 million fund for a smart grid challenge that plans to allocate financing to entrepreneurs and startups innovating around the power grid. This morning at CES, GE announced another phase: the eco-home.
First Solar’s own power generation projects have always been mounted on racks that don’t tilt throughout the day to follow the sun, but the company is exploring the use of trackers. First Solar announced Friday it has bought RayTracker for an undisclosed sum.
Ford today announced a new mobile app to help drivers remotely manage energy consumption in the automaker’s upcoming Ford Focus Electric vehicle. The software can schedule and monitor the recharge process, and plan intelligent driving routes with recharging stations along the way.
For the first time, power company NRG Energy and its utility Reliant Energy are making a showing at the massive gadget love-fest CES. Why? As Reliant Energy President Jason Few told me, this is the beginning of the “digitization of the power grid.”
GM and LG Chem are licensing a broad suite of patents from Argonne National Laboratory to develop lithium-ion battery cells and packs for next-generation electric cars. LG Chem will use the IP to make cells in Michigan starting next year.