EESage.com

29 Oct '12, 5pm

#startupcrunch Software startup engineers a smarter grid - EE Times: Software startup engineers a smarter gridEE...

PALO ALTO, Calif.--A handful of semiconductor-industry refugees on Monday (Oct. 29) unveiled their grid-optimization startup with fresh venture capital funding and the launch of a software product that uses big data to improve power power use and cut costs for utilities and customers. Auto Grid, a year-old, 15-person company located a block from the historic former Fairchild Semiconductor building, nabbed $9 million venture funding from Foundation Capital, Voyager Capital and Stanford University. Simultaneously it launched its Energy Data Platform (EDP) software platform for mining smart meter and other utility data and its Its Demand Response Optimization and Management Systems (DROMS), a software-as-a-service platform aimed at easing the costs to utilities of implementing demand response programs while increasing the “yield” of these programs. The company was founded by ...

Full article: http://www.eetimes.com/design/smart-energy-design/4399508...

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