Posts tagged “smart grid”
Opinion: What has been holding solar back so far has ostensibly been the cost of storage, says former Triangle tech entrepreneur-turned-academic Vivek Wadhwa. Technologies such as batteries were prohibitively expensive, large and cumbersome. Residential solar installations needed to feed into the electric grid during the day and to buy back energy during the night. This is a problem that Tesla has just fixed, though, with its Powerwall, a rechargeable lithium-ion battery.
Sidney Hinton, one of the most outspoken CEOs in the Triangle, is in rare form Wednesday as PowerSecure reports its latest financials and looks to the future. "We're in great shape on 2015 and we're working our butts off to make sure that we build a great 2016, then a great 2017 and beyond."
Clean energy-related firms employ nearly 23,000 people across North Carolina and now represent nearly $5 billion a year in economic impact, according to an annual survey conducted by the North Carolina Sustainable Energy Association. Plus, many firms are hiring.
Twelve startups in the Triangle and another in Wilmington are sharing in more than $640,000 worth of innovation grants from North Carolina. The grants are state matches based on federal funding through two programs.
While technological advances and consumer demands accelerate the pace of innovation in electric power generation, distribution and consumption, it is grid integration and public policies that ultimately will determine how rapidly and well those advances are deployed. So concluded thought leaders at the recent Energy Thought Summit. Cyndy Falgout sums up the conference exclusively for WRAL TechWire.
A small start-up company said Monday it would create hundreds of jobs when it moves into a massive, former Philip Morris USA cigarette plant to build batteries that it says will help power companies save energy and work more efficiently.
PowerSecure, a provider of various energy related services, is investing as much as $15 million in a data center energy services business group.
Causam Energy and Power Analytics Corporation, which both have offices in Raleigh, are combining in a deal disclosed Tuesday. The two firms focused on software and solutions for the utilities industry.
North Carolina is now home to a one-of-a-kind children's exhibit that opened Saturday at Marbles Kids Museum in Raleigh. Kid Grid aims to inspire the next generation of great minds through interaction and energy stimulation.
New means of power delivery is the secret sauce for Raleigh-based startup GridBridge, and the recently launched firm is quickly earning recognition from the Obama Administration as part of a $140 million power initiative plus a recent selection by NASA for beyond-this-world energy routing. What is GridBridge all about and who is its founder Chad Eckhardt? WRAL TechWire Insiders get the exclusive details in a Q&A.
Sensus, one of the world's largest smart meter manufacturers, is acquiring smart grid data analytics startup Verdeeco, which is based in Atlanta.
Revenues have soared 67 percent at Wake Forest-based PowerSecure over the past year, and its order backlog is at a record $248 million. An emerging revenue driver is data center power services, which could have a "transformative" impact on the firm. And CEO Sidney Hinton says "the very best" people are driving sales. So what's he looking?
WRALTechWire exclusive: Four-year-old PoGens has come up with a way for businesses to turn back-up power generators into a new source of revenue. And international giant GE has bought in to the company's technology as an investor. So who are the leaders behind PoGens and what makes their technology so powerful? And what kind of jobs might the company be adding? WRALTechWire Insiders can access the full story.
North Carolina will focus its business recruiting efforts on 38 industries, including 10 specific clusters, as part of a new economic development plan that a group of business, political and education leaders officially turned into Gov. Pat McCrory Friday.
North Carolina's clean energy industry by the numbers: at least 570 companies employing more than 18,000 workers and generating revenue in 2013 topping $3.5 billion. Learn which sectors generate the most revenue and employ the most people.
Inside Cree's earnings: CEO touts Durham plant, says consumers are voting on bulb politics with their wallets
Cree Chairman and CEO Chuck Swoboda reported plenty of good news on Tuesday. New LED light bulb sales contributed to a record $415.1 million in revenue in the quarter, a 20 percent increase compared to a year ago. And in a conference call with analysts Swoboda touted Cree's manufacturing plant in Durham as being a key reason the company can help drive down future LED bulb costs. He also stays out of a political dispute about LED vs. traditional bulbs. "Consumers are already speaking," he says.
President Obama's announcement to invest $70 million in federal dollars in research through a consortium of universities and private sector firms led by NCSU delivered a jolt of good news to the Triangle's fast-growing cleantech industry. RTP has become a hub for greener energy research, and the head of the Research Triangle Cleanteach Cluster says the "Next Generation Power Electronics Innovation Institute" could bring more jobs as well as investment to the region.
The ups-and-downs of wind power triggered by the shifts in speed pose a threat to generators in power grids, but an NCSU researcher and a colleague at Johns Hopkins say they have devised a mean to smooth out demands of equipment.
Agilis Energy's analytics software makes enegy efficiency a visual experience. WRALTechWire Insiders can read more about the technology and Agilis's 2014 growth plans in this exclusive interview.