Posts tagged “smart grid”
GE Energy Financial Services, Qualcomm, Verizon Ventures, Constellation Energy and other private investors lead funding. Consert, which offers services through software-as-a-service model, has worked with IBM on pilot programs.
In pilot programs, Consert’s technology enables consumer and commercial customers to reduce their utility bills by monitoring and controlling power consumption on demand remotely.
Cisco rolls out a Home Energy Management Solution that it says will help consumers and utilities take advantage of smart grid and appliance technologies.
The Charlotte-based utility signs an agreement with the Department of Energy for $204 million in federal funding. Duke is committing more than $850 million of its own for projects.
The Wake Forest-based provider of power solutions, such as smart grid technology, buys a manufacturing firm in Morrisville. It also will assume 100 percent ownership of an LED firm. The two deals include $4.4 million in cash and stock worth $20 million.
Three utility firms target North Carolina for portions of upgrade projects, will invest nearly $1.6 billion of their own funds. Nationwide, Obama administration awards $3.4 billion in grants across 49 states.