GE VC Firms Announce $200M Open Innovation Challenge to Accelerate Power Grid Technology Through Open Collaboration
Green Car Congress
JULY 14, 2010
GE announced a $200-million open innovation challenge that seeks breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. GE Chairman and CEO Jeff Immelt unveiled the challenge, the “GE ecomagination Challenge: Powering the Grid,” in San Francisco 13 July. Proposals are sought in three, broad categories: Renewables, Grid and Eco Homes/Eco Buildings.