“GE ecomagination Challenge: Powering the Grid” seeks best ideas to transform the way we create, connect and use power
· Joint investment with venture capital partners Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and RockPort Capital
· Challenge is one of largest ever
SAN FRANCISCO--Tuesday, July 13, 2010-- GE (NYSE: GE) announced today a $200 million open innovation challenge that seeks breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. GE Chairman and CEO Jeff Immelt unveiled the challenge, the “GE ecomagination Challenge: Powering the Grid,” here today.
The global challenge invites technologists, entrepreneurs and start-ups to share their best ideas and come together to take on one of the world's toughest challenges - building the next-generation power grid to meet the needs of the 21st century. The challenge is one of the largest ever and is open immediately at www.ecomagination.com/challenge.
To read the full, original article click on this link: GE & Partners Announce $200 Million Global Commitment to Accelerate Power Grid Technology Through Open Collaboration : Press Releases : News : GE
