24 Jun '11, 12pm

GE, Best Buy Partner to Market Smart Grid Home Energy Controls

A device that can lower energy bills by reducing the voltage of electricity streaming into a house and a gadget to control AC based on room temperature and occupancy are slated for a fast track to store shelves under a new partnership between General Electric and Best Buy . GE announced its hookup with Best Buy yesterday as part of a broad announcement of developments flowing from the year-old ecomagination challenge . GE and four venture capital partners launched the crowd-sourced competition last July with a commitment of $200 million (with half coming from GE). The contest was aimed at identifying innovations that will push widespread adoption of technology fostering aggressive energy efficiency and a smarter power grid. The idea, said ecomagination Vice President Mark Vachon, was to "search well beyond the walls of GE for those terrific ideas." "The challenge has chang...

Full article: http://www.greenbiz.com/news/2011/06/24/ge-best-buy-partn...

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