Power Grids To Get Smarter
Posted by Srikant Rajan | # |
02:10:54 pm on September 28, 2008

Grid integration technology is slowly gaining a foothold in the much ignored domain of energy transmission.GridPoint has raised $120 million to bolster its “   smart grid   “ technology development .It has also acquired V2Green , an enterprise engaged in providing technology to utilities for managing electricity demands of plug-in vehicles.GridPoint termed this acquisition as “   first step in an acquisition strategy to be fueled by the $120 million investment from undisclosed previous investors  “

The company has built what it calls the SmartGrid Platform, which gives utilities more insight into the grid so that they can, for instance, strategically discharge and store power according to demand. Such development can act as a potential push for advancing the commercialization of plug in hybrids.

Tags: grid integration, gridPoint, Hybrid, plug in, power grid, renewable energy, v2green

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