General Electric and five venture capital companies today said they will invest $63 million in 10 green-tech start-ups working in home energy, bringing them both money and credibility.
GE will also give five $100,000 grants to less-developed companies creating products around household energy efficiency and solar power. The three areas of investment are solar, communications and software, and energy efficiency, said Ecomagination Challenge director Tore Land.
The funding is part of GE's $200 million Ecomagination Challenge program launched last year to solicit ideas to improve the electric grid. GE and its venture capital partners invested in smart-grid and … Read more