GE, Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers, RockPort Capital and Carbon Trust Venture Capital Partners will invest in $63 Million in 10 home energy technology companies, as part of the company's $200 million “GE ecomagination Challenge.” As we wrote last year, the initiative is meant to help spur advances in green technologies.
The second phase of the challenge sought green tech ideas to power the home, specifically addressing household energy efficiency including management software, appliances and air conditioning; and renewable power, from solar, wind, hydro and biomass.
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