30 Sep '13, 10am

Varentec Raises $8M from Khosla, Bill Gates for Digital Smart Grid

Varentec Raises $8M from Khosla, Bill Gates for Digital Smart Grid

The term “smart grid” evokes an image of a digitally connected system of smart meters, intelligent sensors, control devices and communications networks. But the power grid to which all of this new technology is connected remains much as it was designed a century ago. That’s a huge electromechanical machine, built on static models that presume the steady and predictable flow of power from central generators and transmission corridors, down to the substations, feeder lines and transformers that deliver power to customers.

Full article: http://www.greentechmedia.com/articles/read/varentec-rais...

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Bill Gates & Khosla Ventures Invest $8 Million Into Varentec

Bill Gates & Khosla Ventures Invest $8 Million ...

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