24 Jun '11, 9am

UK startups winners in GE's $200m competition to help innovative home #energy tech reach commercial stage #cleantech

General Electric (GE) and venture capital partners are set to invest $63m (£39m) in green energy startups, including two UK firms, as part of its ecomagination Challenge to commercialise emerging technologies. GE yesterday announced the winners of the second phase of its $200m ecomagination Challenge, dubbed "powering your home", to promote technologies that help households become more energy efficient. Some $63m will be invested in 10 new concepts from consumer clean tech sectors, including Manchester-based VPhase. VPhase was chosen to partner with GE and Best Buy Co to fast-track the commercial availability of its home energy control device. The unit is designed to help customers save 10 per cent on their electricity bills by controlling voltage levels within the home. The UK electricity distribution network operates at a nominal 230V, although in practice average voltag...

Full article: http://www.businessgreen.com/bg/news/2081339/uk-startups-...

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