Data and machine learning are breakthroughs for the energy efficiency of buildings. Startup BuildingIQ is using these tools to grow its building energy optimization business, and it’s just brought on some major energy industry backers.
Solar thermal company BrightSource is actually looking to raise $130 million, which is another $50 million over the amount it announced last month. The company makes solar thermal power plants which use mirrors and a boiler to produce electricity.
For the occasion of Siemens’ swallowing eMeter, we have pulled together our recurring smart grid acquisitions list, including the new ones we have seen in recent months.
Greentech investment trends in the first quarter of 2011 either signal a record-setting expansion for the industry in 2011, or retrenchment in the face of economic and political headwinds — depending on how you look at the numbers.
What’s the purpose of the billion-dollar plus smart grid acquisition surge? According to Schneider Electric, it’s around developing the capacity to be a “true smart grid provider,” which includes procuring energy as well as using IT to manage the grid.
Where do the worlds of smart grid and smart buildings overlap? Over in my weekly update at GigaOm Pro, I review how two big acquisitions last week shed light on just how muddy that line has become.
French power giant Alstom is buying smart grid software developer UISOL, as it chases competitor Honeywell into an open source way to automate demand response: turning down buildings’ power use to manage peak loads. But how open will OpenADR be after it’s folded in?
BrightSource Energy has upped its latest fundraising goal from $100 million last December to $125 million and plans to use the money for both the U.S. projects and international expansion, the company’s spokesman, Keely Wachs, told us Tuesday.
BrightSource Energy and French power giant Alstom have formed a partnership aimed at building solar-thermal power plants in a ring around the Mediterranean. In terms of geography, if not scale, the plan echoes the scheme of the Desertec Initiative, the mega-giant of solar-thermal projects.
Greentech has become a big subject in corporate conference rooms over the past year. Large companies have been among the top investors so far this year, and the latest example came from Samsung Electronics.