Calif.-based grid startup gets stamp of approval from Bill Gates

09/30/2013 | Greentech Media

Bill Gates is putting his high-profile stamp on the emerging smart grid, with an unspecified investment in Varentec, a developer of advanced distributed generation technology designed to make better use of renewable energy resources. Gates joined Khosla Ventures to fund $8 million in series B financing for the California-based startup. The money will help the company bring its intelligent power monitoring, control and data analytics solutions to market.

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