17. November 2010 · Comments Off · Categories: News · Tags: ,

General Electric yesterday announced that it has partnered with a group of venture capital firms to invest $55m in a dozen startups and research projects working on emerging grid technologies.

The investment marks the first round of funding under the company’s GE: Ecomagination Challenge, which will ultimately see $200m invested in smart grid firms, alongside venture capital firms Kleiner Perkins Caufield, RockPort Capital, Emerald Technology Ventures and Foundation Capital.

via GE flicks switch on $55m investment for smart grid startups – 17 Nov 2010 – News from BusinessGreen.