wind energy

Funding Daily: Green gets green

Greentech is the head and tail of today’s funding news, with an energy efficiency company completing a huge $17 million round and a clean energy startup taking a small debt round.

GE to pick up power management pro Converteam for $3.2B

General Electric will acquire Converteam, a company that specializes in technology that converts electricity to mechanical energy and vice versa, for a whopping $3.2 billion to improve its power transmission and management network.

How the Internet of things could save the environment

By 2020, there will be around 50 billion devices connected to a wireless network — and a huge chunk of those devices will be able to drastically reduce carbon emissions and environmental impact by virtue of being connected to the Internet, said telecom giant Ericsson’s chief executive Hans Vestberg.