About the Challenge
Weâ€™ve teamed up with some of the best-known venture capital firms, including Emerald Technology Ventures, Foundation Capital, KPCB and Rockport Capital, to help back the most promising ideas.
Will you join us? Please enter the challenge, submit your ideas, vote for the most promising teams and help us change the way the world uses energy in powerful new ways. Who knows? One of the ideas selected could be yours.
At GE, weâ€™re developing technologies that protect the quality of power, compensating for voltage fluctuations and managing output intermittency. We want to provide utilities with better information about energy production, transmission, consumption and energy system health to help them protect equipment and ensure safe, reliable power.
Making the best use of the energy created by renewable resources is critical to a reliable supply of affordable energy. What kinds of technologies or processes do you think will maximize the penetration of renewables into the grid?
GE is looking at different grid technologies that help lower delivery losses and those that anticipate and monitor demand. Reducing losses frees up grid capacity, reduces the need for infrastructure capital expenditure, and protects consumers from steep rate increases. Reducing voltage eliminates the over-delivery of energy, so customers are not paying for unused energy.
In terms of technology, processes and policy, what do you think are the best means to help us realize greater gains in grid efficiency and outage management?
Energy consumption is growing so quickly that itâ€™s creating an imbalance between demand and supply. This mismatch short-circuits power production and distribution, leading to higher energy costs for consumers and businesses. We need to change how, and when, we use energy.
Weâ€™re looking at many promising technologies to help power companies and their customers share information and manage their energy use better.
At GE, we are already working on a wide range of promising technologies, including smart meters and appliances that let consumersâ€™ appliances â€œtalkâ€ to their power utility; wireless AMI; home area networks; renewable integration tools; demand response systems; home energy use monitoring; time-of-use pricing; plug-in hybrid electric vehicle integration; and neighborhood micro grids.
What new technologies, processes or business models can help consumers use energy more wisely and improve our energy balance?
via GE Challenge: About the Challenge.