GE Acquires Stake in Start-up – Analyst Blog
Zacks Market Commentaries (October 16th, 2009) Writes:
Tendril, the developer of the first integrated software/hardware platform to enable real-time, two-way communications between utilities/retailers and their customers on energy supply and consumption, is broadening its smart grid relationship with General Electric Company (GE) beyond appliances with an equity investment by GE Energy Financial Services.
GE Energy Financial Services is treating the venture capital investment as a follow-up to Tendril’s announcement in June that it raised $30 million in Series C funding, making it one of the best-funded energy management startups.
The Tendril Residential Energy Management Ecosystem (TREE) is designed to help utilities operate more efficiently to improve customer service and comply with new regulatory requirements.
GE’s investment builds on its appliances partnership with Tendril. GE Consumer & Industrial and Tendril announced in July that they would integrate the TREE Platform to work with GE's dryers, refrigerators, washing machines and other appliances. GE appliances ...
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Analyst, c, Citigroup Inc, communications products, energy, energy management startups, energy supply, General Electric Company, Grid Net, integrated software/hardware platform, Investing Lessons, Koninklijke Philips Electronics NV;, policy-based network management software, rigorous risk management, Siemens Ag, Stocks to Watch, technology development opportunities, Tendril, USD, utilities/retailers, venture capital investment;, Zacks Market Commentaries
Analyst, c, Citigroup Inc, communications products, energy, energy management startups, energy supply, General Electric Company, Grid Net, integrated software/hardware platform, Investing Lessons, Koninklijke Philips Electronics NV;, policy-based network management software, rigorous risk management, Siemens Ag, Stocks to Watch, technology development opportunities, Tendril, USD, utilities/retailers, venture capital investment;, Zacks Market Commentaries


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