GE to award home energy winners

On Thursday morning, GE will host a day-long event where it plans to announce the latest winners of its $200 million smart grid challenge that are specifically focused on energy use in the home.

Westly to Focus More on Green Buildings for Future Fund

Greentech investor Steve Westly has been out there raising a new $175 million cleantech fund, and recently closed on the first $50 million. Particularly interesting is that Westly plans to have a special focus on green building technology for the new fund.

GE, Intel Back Smart Building Startup Scientific Conservation

Smart building startup Scientific Conservation has brought on GE as an investor. While the company announced a Series B round of $15.65 million earlier this year, this morning Scientific Conservation said it has boosted that round to $19 million from GE and Triangle Peak Partners.

Silver Lake Kraftwerk’s Cleantech Dream Team Keeps Growin’

If there is a cleantech investing renaissance coming, I’d bet on the growing team at Silver Lake Kraftwerk to find it. According to Dan Primack at Fortune, Silver Lake has recruited former Draper Fisher Jurvetson cleantech VC Raj Atluru to join its new cleantech fund.

IBM Buys Tririga for Smarter Building Software

IBM has long talked about making acquisitions in the smart grid space. Here’s the latest: Tuesday morning, IBM announced it has acquired Tririga, a startup that makes sustainability and building energy management software. Terms of the deal were not disclosed.

Scientific Conservation Scores $15.65M for Smart Buildings

Making the automation systems in commercial buildings smarter – that’s the idea behind startup Scientific Conservation, which today announced a new $15.65 million funding round led by DFJ Growth Fund Managing Director (and Internet exec entrepreneur) Barry Schuler.

BuildingIQ’s Smarter Buildings, Now With Demand Response

Mike Zimmerman, the CEO of building automation software startup BuildingIQ, says his company has for the first time met a utility’s demand to turn down power to manage peak load, automatically with a building control system in Perth, Australia.

Scientific Conservation Launches, Brings Predictive Analytics to Buildings

scientificconservationSelling software as a service through the web has helped make software more affordable and distribution more efficient. Now a startup called Scientific Conservation, which officially launched today after several years in relative stealth mode, wants to bring the software-as-a-service model to the commercial building automation market. The company’s web-based software platform, called SCIwatch, can link into a building’s existing automation system — which monitors heating, air conditioning and other energy-consuming systems — and applies sophisticated analytics to continuously predict, detect and diagnose system faults and anomalies.

CEO David Wolins told us that for a long time building managers have been on the defensive, because they are forced to react to a degradation of performance, for example, a room is too hot or too cold, and then adjust the system accordingly. But Wolins says SCIwatch helps building managers go on the offensive, providing a tool for them to be able to react prior to a system turning too hot or cold.

The cost of SCIwatch depends on the size of a building, but a 100,000-square-foot office would cost about $15,000 for the first year and about $750 per month afterward. Wolins said based on initial customers’ experiences — retailer Neiman Marcus is an early adopter — the system pays for itself in under a year from reduced energy bills and other savings, like avoiding damage to chillers or other machines.
Read More about Scientific Conservation Launches, Brings Predictive Analytics to Buildings