General Electric and its venture capital partners will invest $63 million in 10 home energy technology companies in the second round of funding as part of GE’s $200 million ecomagination Challenge. Currently and its partners’ Challenge investments total around $134 million. Additionally, the Challenge has resulted in 22 new commercial partnerships and GE’s acquisition of FMC-Tech, a smart grid technology from the first phase.
Dr. Andrew Viterbi has joined the On-Ramp Wireless Strategic Advisory Board. Dr. Viterbi says he wanted to work with On-Ramp Wireless because of the company’s use of spread spectrum technology to help solve coverage and capacity challenges faced by the Smart Grid and large scale sensor networking systems.