German electronics giant Siemens (Munich, Germany) announced on Monday the acquisition of eMeter Corportation (San Mateo, Calif., U.D.A.), a startup company focusing on smart grid technologies for utilities such as power and water. eMeter received a total of $68.8 million over six rounds of institutional funding. JP Morgan advised eMeter in the acquisition, which is expected to close this month.
Last week, Trilliant (Redwood City, Calif., U.S.A.), a smart grid equipment provider, announced it has launched an Interoperability Group that unifies multiple home energy management devices within a single eco-system. The formation of the group aims to help consumers cut their energy bills by up to 10% by installing smart meters.
Digi International (Minnetonka, Minn., U.S.A.), a wireless M2M device provider, on Tuesday released the iDigi Telehealth Application Kit - a development kit that allows customers to create cloud-connected medical devices.
Prova Systems (Carbondale, Pa., U.S.A.) a developer of wireless On-Board diagnostic systems, recently announced the availability of a fleet management system for small businesses, local governments and consumers.
Lantronix (Irvine, Calif., U.S.A.), a provider of smart connectivity for electronic devices, on Wednesday announced the launch of a medical device aggregator that allows for the collection of live data from any location to be delivered whenever and wherever is necessary.
Energy regulator Ofgem (London, England) on Sunday announced that six projects are to share $76 million of funding to help local power networks become smarter. The money comes from Ofgem’s $666 million Low Carbon Networks Fund (LCN Fund).
How do you feel about paying higher auto insurance rates because a small segment of the population takes unnecessary risks when driving? Since insurance companies pool risk, you often pay for others’ bad driving habits even if you are a good driver yourself. In the current personal auto insurance system, good drivers are subsidizing the bad driving behavior of others.
Last week, the United States Department of Agriculture (USDA) granted $6 million in funding to establish 10 telemedicine and health care projects to six states that have areas that are currently lacking adequate care.
"[This] funding can help improve the health of rural residents who live in the south central portion of the country," says Tom Vilsack, USDA secretary. "These projects can provide care to patients currently receiving no care at all and hopefully reduce the incidence of stroke, mental illness, and other health disorders in rural regions."
On Monday, GE Energy formed an agreement with the city of Leesburg, Florida to undergo a $20 million smart grid project to modernize the city’s electric utility. The project, paid for using $10 million in federal grants from the U.S. Department of Energy, will provide 24,000 customers with smart meters starting in March of next year.
The new system is expected to save Leesburg $15 million in electric operations over the next 20 years, according to the Leesburg City Commission.
On-Ramp Wireless (San Diego, Calif., U.S.A.), a provider of networking and location tracking equipment, on Tuesday announced it has partnered with Green Life Networks (GLN), a department of Gemtek (Hsinchu, Taiwan), a provider of wireless broadband solutions, to provide a landslide sensor for local, state and federal governments.
By deploying a group of sensors on hills with landslide potential, these sensors are able to detect minute movements to identify the formation of potential landslide.