Menu
Intel invests US$10 million in green technology companies

Intel invests US$10 million in green technology companies

Intel has invested US$10 million in five companies that develop technologies to reduce electricity bills and greenhouse gas emissions in homes and data centres, the company said on Wednesday.

Intel Capital, the company's investment arm, has invested in companies that develop technology to enable active monitoring of electricity usage. It has also invested in companies that enable better demand and supply of energy to homes and data centres.

The investments were made by Intel as part of its Open Energy Initiative, which brings smart energy technologies to consumers, enterprises and utilities. Intel has already invested up to $100 million in the clean technology space, said Steve Eichenlaub, a managing director at Intel Capital, during an event in San Francisco.

Intel has invested in US companies including CPower, which focuses on smarter grids, Grid Net, which focuses on technology going into smart meters, iControl, which focuses on home automation, and Convey Computer, which enables on energy efficient high-performance computing. Intel Capital has also invested in Irish company Powervation, which focuses on digital power control.

Intel is also partnering with utilities on smart grid pilots, Eichenlaub said.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags intelinternational news

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.‚Äč

Tech industry comes together as Lexel celebrates turning 30
Show Comments