Ontario close to bringing its first smart grid to fruition since all homes and businesses already have smart meters and General Electric is building a $40 million smart grid innovation center in the province. Canada’s first electric vehicles will be available beginning in Q3 2011, and utilities are preparing for the transition.
Headquartered in San Mateo, eMeter has emerged as one of the leading smart grid companies in Silicon Valley. eMeter’s software helps utilities manage the data they collect from electric, gas and water meters, and turns that data into useful information for utility operators and consumers alike. A privately held company, eMeter is backed by Foundation Capital and Sequoia Capital, with 40 utility customers around the world, including municipal utilities like Silicon Valley Power in Santa Clara, Bluebonnet Electric Cooperative in Texas, and the Independent Electricity System Operator (IESO), which manages Ontario’s electricity system.
The Ontario Smart Grid Forum has issued recommendations to help build a smarter, more efficient electricity system in a new report, Modernizing Ontario’s Electricity System: Next Steps.” The report is generating positive reaction from members of the industry.