Earlier this week, Google finally announced the formation of a new venture
arm called Google Ventures. It is where all smaller-scale venture investments
from Google will now originate. The day of the announcement, I chatted on the
phone with Bill Maris and Rich Miner, the two Google executives who are
managing the fund to get a sense of what they are interested in and how the
fund will work.
It turns out they are open to investing in pretty much anything from the
Internet and cloud computing to healthcare and mobile. “We don’t want to
artificially limit ourselves,” says Miner. What about space elevators?
“Show me one that works,” retorts Maris, “and I will invest in it.”
The two of them will run the entire fund pretty much by themselves, bringing
in other Googlers as needed for expertise and to help evaluate startups. Both
Maris and Miner have done venture investi... (more)
PITTSBURGH, Oct. 20 /PRNewswire/ -- BPL Global(R), Ltd. (BPLG), a smart grid
technology company dedicated to leading the transformation of energy
efficiency and reliability, gains recognition by the Pittsburgh Technology
Council as the winner of the Green Technology category. BPLG, earlier named
one of the top 50 companies in southwestern Pennsylvania's technology sector,
earned the additional distinction as one of seven categories winners.
The Pittsburgh Technology Council's annual Tech 50 Awards recognize
southwestern Pennsylvania's highest-achieving, most revolutionary members ... (more)
"Do we really want to build this smart grid…for it only to be used against
us?" Melih Abdulhayoglu's concern for the security of the United States's
electricity grid was prescient. "We've got to be sure those smart meters are
He spoke a day before Siobhan Gorman at the Wall Street Journal broke the
news that cyberspies, most likely from China and Russia had penetrated the
cybergrid that controls the US electrical supply, and had left behind
potentially disruptive software.
"The CIA has already admitted that cities have been taken down by criminal
activities, by atta... (more)
Hype cycles are common in many markets. For technology markets, Gartner® has
established a five-phase hype cycle used since 1995 to track a new technology
from its trigger phase to the point where it has become widely demonstrated
and accepted. For many technologies, these hype cycles typically span
anywhere from three to ten years.
When a technology breakthrough gains momentum with the press and possibly
launches a product, that particular technology gets triggered. This describes
the first phase of the cycle. In the second phase, expectations for that
technology are inflated b... (more)
A new report released by Vodafone and Accenture says that the use of mobile
communications can reduce the annual energy bill for Europe by a €43
billion, equivalent to an annual reduction in greenhouse gas emissions by at
least 113 Mt CO2e (metric ton carbon dioxide equivalents) by 2020. The figure
equals about 2.4% of the CO2 emissions for the whole of the EU, or
eliminating close to one-fifth of the UK’s emissions.
Obviously, there’s a catch. Vodafone says that the only way to achieve
those goals is for the industry and governments to collaborate. The report,
titled Carbon Con... (more)
At least two big IT names, IBM and Cisco, will be headlining a trial by Dutch
utility, Nuon, to put in a smart grid for 500 homes in Amsterdam. As part of
the trial, 500 households in Amsterdam will get smart meters and home energy
management solutions to optimise their energy usage.
The pilot is being implemented by a consortium of organisations, including
housing corporations Far West and Ymere, Amsterdamse Innovatie Motor, Home
Automation Europe, ROC Amsterdam, the University of Amsterdam and Grid
Operator Liander. The pilot, a part of the Amsterdam Smart City initiative,
is ... (more)