Summary Box: GE, venture capital funds put up $200 million for electric grid projects
By APTuesday, July 13, 2010
Summary Box: GE’s $200M electric grid fund
THE MONEY: GE and four venture capital firms are putting up $200 million to fund projects designed to improve the electric grid.
THE REASON: GE is heavily involved in “Smart Grid” technology, tools meant to improve energy efficiency and reduce the environmental impact of energy use from the power plant to the home.
THE DETAILS: Startups, entrepreneurs and researchers have 10 weeks to pitch projects. Winners will be announced in November.
YOUR VIEW POINT
