Intel Capital invested over $100 million in Cleantech startups in the past year and a half
Today Intel announced five cleantech investments (1 new, 4 “follow-ups”), totaling approximately $10 million: CPower (demand response and energy efficiency), Powervation (digital power control), Convey Computers (energy efficient high performance computing), Grid Net (smart meter infrastructure) and iControl (home automation and monitoring).
What’s driving the chip maker to invest, collectively in the last year and a half, over $100 million in cleantech is its own Open Energy initiative, said Intel Capital’s cleantech leader Steve Eichenlaub.
Speaking at the company’s Technology Innovation Summit held in San Francisco today, Eichenlaub added that Intel is looking at additional “technology-driven” companies – around the world – in the areas of generation and storage, transportation, consumption and transmission and distribution, to complete the company’s cleantech portfolio.
Follows is a video excerpt of Eichenlaub’s presentation of Intel Capital’s cleantech investment strategy :
And another video that summarises Intel’s investments in Cleantech:
Finally, here are 4 videos where Eichenlaub explains why Intel made investments in Convey, iControl, Grid Net and Powervation.
Convey Computers:
iControl:
Grid Net:
Powervation
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