IBM launches software to standardize, accelerate smart grid startups
As large companies like Intel, Cisco and AT&T eye participation in the new, emerging Smart Grid, IBM has jumped in with both feet — providing software that greases the wheels of grid development and pouring $2 billion into startups and utilities building out a cleaner, more efficient grid. Today, it expanded its presence even more with the launch of its Solution Architecture for Energy and Utilities Framework (SAFE) for startups, a software package intended to… Continue Reading
BPL Global raises $23M for smart grid control
BPL (Better Power Lines) Global is a Pittsburgh, Penn. company that makes software and equipment for utilities in order to manage and monitor the grid, and help integrate in renewable energy sources.
The company has partnerships with utilities both in the United States and overseas in Africa, Asia and South America, and reports that it is near to profitability.
The $23 million funding was providd by existing investors IFA Group, Novitas Capital, El Dorado and Morgan Stanley,… Continue Reading