PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE & Partners Announce Five $100,000 Innovation Award Winners of the 'ecomagination Challenge: Powering the Grid' - GE unveiled the five innovation award winners of its $200 million open innovation challenge, the “GE ecomagination Challenge: Powering the Grid”
GE & Partners Announce Five $100,000 Innovation Award Winners of the 'ecomagination Challenge: Powering the Grid'

 

NewswireToday - /newswire/ - New York, NY, United States, 2010/11/16 - GE unveiled the five innovation award winners of its $200 million open innovation challenge, the “GE ecomagination Challenge: Powering the Grid”. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Winning technologies promote smarter electric grid.
• Challenged focused on accelerating smart grid technology through open collaboration.

The Challenge, launched in July, is part of GE’s ecomagination commitment to accelerate development of the next generation power grid and global energy transformation through open collaboration.

The five innovation award winners submitted ideas that could contribute to creating a smarter, cleaner, more efficient electric grid and represent the entrepreneurial spirit of the Challenge, They were selected by an independent panel of judges including challenge advisor, Wired magazine editor Chris Anderson, GE executives and leading academics and technologists. Videos of the winners are available at ecomagination.com/announcements.

The winning ideas are a lightweight inflatable wind turbine; a technology that instantly de-ices wind turbine blades so they never slow or shut down; an intelligent water meter that can generate its own power; a cyber-secure network infrastructure that allows two-way communications grid monitoring and substation automation from wind and solar farms; and a technology solves short-circuiting and outages from overloaded electric grids by enabling precise control over their flow and power.

The Challenge generated nearly 4,000 ideas and facilitated robust conversations across the open innovation platform between 70,000 entrepreneurs in more than 150 countries over a 10-week period. GE partnered with four leading venture capital firms, Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byer and RockPort Capital, to conceive and implement the Challenge, calling for innovation ideas in three categories: Renewables, Grid and Eco Homes/Eco Buildings.

“We launched the Challenge to encourage new thinking and spur innovation at every level of development,” said Beth Comstock, senior vice president and chief marketing officer, GE. “The first step toward modernizing our grid is to uncover ideas and transform them into game-changing technologies and the Challenge has demonstrated that many great ideas exist out there. The smart thinking and compelling business cases presented make these innovation award winning ideas examples of pioneering entrepreneurship.”

The five innovation Challenge award winners will each receive $100,000 to develop their ideas. They are:

• Capstone Metering (capstonemetering.com): Intelligent Water Meters – Carrollton, Texas: Capstone Metering applies remote communications technology to the century-old water meter. The company’s IntelliH2O is self-powered and delivers real-time water system management, which helps conserve water and eliminates the need for manual meter-readings.

• ElectricRoute: Secure Communications Network for the Electric Grid, Salem and Hollis, New Hampshire: Recognizing the substation's unique location in the electric grid, ElectricRoute created a communications gateway point for transmission and distribution systems. Its cyber-secure, communications network infrastructure eliminates duplicate sensors and thousands of copper lines running inside the substation.

• GridON (gridonsystems.com): Controlling Power Quality in Electric Grids, Givatayim, Israel:- GridON created a fault-current-limiter to protect the electric grid from disruptions and power outages, increasing the grid’s reliability and enabling load growth and generation expansion from alternative energy sources. This technology was developed in collaboration with Bar-Ilan University and Ricor Ltd.

• IceCode (icecode.com): Wind Turbine Blade Anti-Icing and De-Icing, West Lebanon, NH - Seeking to break one of nature’s strongest bonds, IceCode’s technology removes ice by using high-power pulses to apply heat from the inside out. Employing this technology for wind turbines substantially reduces the amount of energy used for de-icing and eliminates downtime for ice removal and inspection. Developed in collaboration with Dartmouth College.

• WinFlex (winflex.co.il): Inflatable Wind Turbines, Kiryat Yam, Israel: - WinFlex produces rotors for wind turbines from light, flexible and inexpensive cloth sheets made out of composite materials. This flexible rotor design reduces installation costs by at least fifty percent and shortens the return on investment to three-four years, without subsidies.

Chris Anderson said, "Our grids today are where the Internet was a generation ago, with their full interactive potential still largely untapped. Just as we did with the Internet, we can make them smarter and more efficient, using the power of collaboration, open access and a hugely expanded range of entrepreneurs. The Challenge was designed to accelerate this, and show that good ideas can come from anywhere. And the number and breadth of ideas we received was indeed inspiring."

Launched on July 13, 2010, the “GE ecomagination Challenge: Powering the Grid” is a $200 million open innovation challenge to uncover breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. For additional details on the challenge, and to view the full terms and conditions visit ecomagination.com/challenge.

About GE
GE (ge.com) is an innovative and diversified technology company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, healthcare, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide.

About GE’s ecomagination
GE is driving a global energy transformation with a focus on innovation and R&D investment to accelerate the development and deployment of clean energy technology. Since its inception in 2005, more than 90 ecomagination-approved products have been brought to market with revenues reaching $18 billion in 2009. With $5 billion invested in R&D its first five years, GE committed to doubling its ecomagination investment and collaborate with partners to accelerate a new era of energy innovation. The company will invest $10 billion in R&D over five years and double operational energy efficiency while reducing greenhouse gas emissions and water consumption. As part of the initiative, GE launched “GE ecomagination Challenge: Powering the Grid”, a $200 million financial commitment challenging innovators to join in building the next-generation power grid. For more information, visit ecomagination.com/.

PRESS Contact
Elma Peters
GE Corporate, Leader - Corporate Communications & PR
P: +32 2 235 6980 / M: +32 473 926 980 / E: elma.peters[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE & Partners Announce Five $100,000 Innovation Award Winners of the 'ecomagination Challenge: Powering the Grid'

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Jamie Loftus - GE Corporate 
203-373-3046 Jamie.Loftus[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem
Voith Awarded A Prestigious Automation Contract for Two Norwegian Hydropower Plants
Joint Wind Farm Pilot Project by ENGIE, EDP Renewables, La Caisse Des Dépôts, Eiffage/Principle Power, GE Selected from Call for Floating Wind Turbine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)