Tuesday, November 16, 2010
GE Invests In Makers Of Solar-Powered Air Conditioners, And Eleven Others
At a conference held by General Electric (GE) this morning in New York, chief executive Jeff Immelt revealed his company's plans to invest $45 million in twelve digital energy, or smart-grid related companies? the first of several investments planned through the company's Ecomagination business competition. The newly funded entities include: ClimateWell, Consert, FMC-Tech, Ltd., The Fu Foundation School for Engineering And Applied Science at Columbia University, Joulex, OPOWER, Scientific Conservation, SecureRF Corp., Sentient Energy, Soladigm, SustainX and SynapSense Corp. Venture capital partners working with GE on this competition? Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers, and Rockport Capital Partners? will invest $10 million into these first twelve winners, as well.