Intel Capital, the investment arm of Intel, is investing $10 million in five companies that offer clean technology solutions, ranging from smart-grid devices to power controllers for servers and desktop computers to ways to improve energy efficiency in HPC environments. Four of the five companies are in the United States; the fifth one is based in Ireland.
is investing $10 million in five companies that are developing clean
At its Technology Innovation Summit July 29, Intel announced that through
Intel Capital, the chip maker's investment arm, it was investing in four U.S.
companies and a fifth one based in Ireland.
"The global nature of these five investments demonstrates our focus on
accelerating clean-tech innovation, emphasizing Intel Capital's unique strength
as a global, stage-agnostic investor," Arvind Sodhani, an Intel executive
vice president and president of Intel Capital, said in a statement.
The money includes a third investment by Intel in a San
Francisco company called Grid Net, which has created
PolicyNet, a management platform for the smart
PolicyNet touches on "all networked transmission, distribution and
generation smart-grid devices" and makes use of 4G broadband networks for "cost-efficient
rapid deployment" and management of smart-grid technologies, according to
The smart grid is an initiative designed to lower power costs by bringing
greater intelligence to the energy distribution networks.
Intel also is investing for a second time in two companies. Powervation is a
vendor that sells "digital power controllers for server, desktop computing
and communications platforms." The controllers include "automatic
configuration and self stabilization," and result in improved power
efficiency at the device level, according to the Intel statement.
The other company getting a second investment from Intel is Convey Computer,
based in Richardson, Texas.
Convey's HC-1 solution aims to improve energy efficiency and performance in HPC
(high-performance computing) environments. HC-1 integrates such off-the-shelf
components as Intel Xeon chips with compiler technology that reduces
programming hurdles that hampered the development of reconfigurable hardware.
iControl is another company getting additional funding from Intel. iControl
brings home and energy management capabilities-among other services-to security
and broadband providers.
Getting money from Intel for the first time is CPower, a New
York company that offers energy management services to
enable businesses to improve the efficiency of their facilities through
energy-reduction programs. Those businesses also can earn market payments for
those energy reductions.