Smart grid company Silver Spring Networks has finally set the terms for its IPO a year a half after it originally filed. But the company could raise $63 million, which is less than half of what it originally planned.
In contrast to an analyst report this week, I’ve heard that Silver Spring Network’s IPO plans are still on and that the company could go public within the next four weeks.
Keeping the innovation ecosystem alive in the smart grid will depend on the big players like Silver Spring taking an active role working with startups.
AutoGrid, a startup that’s developed a big data analytics engine for energy, officially launched on Monday and unveiled its first product, and its first two customers. Picture if you took Netflix or Amazon’s recommendation engines and used them for utilities’ energy data.
Despite layoffs and business model changes, Smart Grid News’ Jesse Berst thinks home energy startup Tendril is in a good position for growth.
Is it the end of an era for the former rock star venture capital firm Kleiner Perkins and did greentech play a large part in that fall from grace?
Silver Spring Networks is beefing up its energy data software services for utilities by focusing on real time access via software-as-a-service and the cloud.
Investments by venture capitalists into smart grid companies — or firms that are adding digital intelligence to the power grid — has remained “extremely weak” over at least the last three quarters, according to research firm the Mercom Capital Group.
Despite that smart grid network company Silver Spring Networks has yet to go public, the company is chugging along and had a pretty good quarter, according to the latest amendment to its S-1.
With its booming economy, growing middle class and investments in city infrastructure, Brazil is looking to be the next hot market for smart grid development.